Petroleum Oil Corporation : A Canadian Intermediate Crude Oil And Natural Gas Exploration And Production Company

These factors result in several issues and challenges. These matters have brought a conflict between the various stakeholders in this industry (Oilsandstruth.org, 2015). This discussion aims to identify the primary issues associated with the Canada oil sands and the involved stakeholders. Secondly, the stakeholders’ political view will be established. Finally, the discussion will recommend policies that can be effective in solving the challenges associated with the issues.

This 1.4 trillion-dollar industry has been able to benefit Albertans. To elaborate, Alberta’s upstream energy sector, which mainly includes the oil sands, conventional oil as well as gas and mining has provided 133,053 jobs for Alberta residents, according to Statistics Canada. As well, having the third largest oil reserves in the world, Canada is able to use the oil reserves as a trading asset, as it is currently providing 1.4 million barrels of oil to the USA everyday, which is equivalent to $49.7 million at current stock prices. As well, $52 billion dollars in royalty were accounted for during 2013-14. In this way, the oil sands industry provides jobs, billions of dollars in royalties and boosts national income and prosperity through the trading of this resource. This affects my stakeholder since this would give Ed Stlemech a healthy financial resume/profile to an otherwise terrible environmental and societal resume while he was Alberta’s

Through progress, Canadian Natural Resources Limited had progressed to primary heavy crude lands in 1993 and purchasing thermal in-situ areas 3 years later, becoming a leader in the in-suti crude oil developments. As of 2000, they sought out to acquire assets from The North Sea along with Offshore Africa while also creating gas conservation with equipment including "pipelines, pad compressors, booster compressors, gas plants, and fuel lines" (Canadian Natural Resources Limited Performance Presentation Primary Recovery Heavy Oil Sands Schemes, n.d.) While continuing to strengthen the Northwestern Alberta and British Columbia 's basins, Canadian Natural Resource Limited furthered their achievements by recognizing synthetic crude oil at the Horizon Oil sands, leading to a shipment of such into the sales pipeline. Also in 2008, Canadian Natural Resources seeked out the ‘Kirby In-Situ Oil Sands’, hoping for approval on another project. From the beginning Canadian Natural Resources has strived to achieve something different and make an impact. Throughout the history of the company, Canadian Natural Resources has continued to search for new and economic ways to improve the company, "predict[ing] an oversupply of natural gas could last as long as seven years, keeping prices low"( 2011, March. CNRL

The question that has arisen from this shift is whether or not the Canadian oil and gas industry inclusive of the upstream, and midstream sectors, has a net positive benefit to Canada. This essay will explore and seek to understand the myriad of issues that this industry faces daily.

The production of oil is one of Canada’s greatest assets as it brings in lots of profit but British Columbia is one the most beautiful places in the world and is a prime tourism area. This leads to the question is oil transportation right for British Columbia? Enbridge plans to build two pipelines that will carry oil from “central Alberta to coastal BC” (Alternatives Journal, 2012). Enbridge Incorporated is a company that is a main transporter of natural gas, crude oil and other liquids in Canada, as well as a major operator of pipelines in North America. Their plan is to run two 1170-kilometer pipelines across BC that will eventually be moving about 520,000 barrels of oil per day; this

Oil also plays a big role in Canadian’s everyday lives. Not only does oil fuel our vehicles, cook our food and heat our homes and generate electricity; it is also used in almost everything we use on a daily basis. From rain, snow or sunshine and from head to toes, you could be wearing petroleum-based products. There’s more than gas in your vehicle, tires, mud flaps, wiper blades, your vehicle is an oil and gas machine. From the time, you wake up and put your coffee maker on, until you set your alarm clock at night. You’re using oil products. We use hundreds of petroleum-based oil products every day from household appliances, electronics, personal products and much more. In an article about oil and Canada’s future it states “These along with

ExxonMobil is identified as one of the world’s leading oil and gas businesses. It manages market commodities and means countrywide. ExxonMobil is entail in “marketing, gas, and oil exploration, transportation and production in roughly 200 nations” (ExxonMobil, 2015). This company furnishes assistance and products under label names such as “Mobil, Esso, and Exxon. ExxonMobil is known as one of the biggest oil industrial installation where a substance is refined in the nation” (ExxonMobil, 2015). This essay discusses ExxonMobil’s strategic initiative from

This report presents information regarding the industry, the primary operator of oil and gas field properties. The industry fuels its key buyers, the Natural Gas Distribution (22121) and the Petroleum Refining (32411) industries, with crude oil and natural gas. The industry continuously battles a shortage of available oil. In addition, many major oil fields have been in use for decades, slowly waning. Currently, the industry grosses among the most profitable in the US despite these and similar obstacles. The benefits of investing here

This research topic focuses on the rise of Canadian oil production and how Canada’s economy has reacted to this rise. Canada is in a very unique position in terms of oil production. Within Alberta, Canada has had an abundance of oil that it could produce. However, oil prices used to be a lot lower than what they have risen to in recent time. With these low oil prices, no one could justify producing the oil within the Alberta. This is due to the issue that the oil located in Alberta is mostly from oil sands (Facts about Alberta’s, n.d.). These result in oil that is mixed with oil, clay, water, etc. Therefore, due to the nature of the oil sands, to extract the oil it is much more expensive than oil that is not from oil sands

Canada has a large stake in the international oil market. It is currently the 6th largest producer of crude oil and last year the Canadian oil industry produced 3.8 million barrels of oil per day (Canadian Association of Petroleum Produces, 2016). Since oil is a significant part of the Canadian economy, fluctuations in the international price of oil will affect all Canadians. However, due to the fact that some provinces produce more oil than they consume and others consume way more than they produce, the impact of a significant increase in international oil prices on Canadians will be dependent on which province they reside in. More specifically an increase will positively impact the economic welfare of Canadians living or operating in resource rich provinces but will have a negative impact on the economic welfare of Canadians living or operating in

Natural gas is a pillar in Canada’s energy resources landscape. Industry reports (IBISWorld) indicate that the oil and gas industries (e.g., gas extraction, gas field services, natural gas distribution) in Canada are expected to generate revenues of over $56.4bn in 2015. The Canadian Energy Research Institute projects Western Canada’s natural gas sector to add $2.3tn to Canada’s GDP between 2015 and 2035. While, sales are projected to generate $1.4tn in sales and $400bn in taxes, as well as attract over $450bn in capital investments over the next 20 years. Currently, it is estimated that shale gas contributes to 15% of Canada’s natural gas production and is growing. The National Energy Board estimates this to be 28% by 2035.

Pacific Oil Company is a Sweetwater Oil company of Oklahoma City, Oklahoma. It was founded in 1902. One of the major chemical lines of Pacific's is the production of vinyl chloride monomer (VCM).

“To develop people to work together and create value for the Company 's shareholders by doing it right with fun and integrity." Canadian Natural Resources is one of the world’s largest independent Oil and Natural Gas Supplier Company. Canadian Natural Resources Ltd. supplies crude oil and natural gases. As the years went by, Canadian Natural Resources made many advancements but the company officially started off as a shallow gas basin. The company was founded in 1989 in Calgary and Alberta, Canada. There is no specific founder of this company but there are many staff members that put all their effort into the work to make Canadian Natural Resources what it is today. Canadian Natural Resources has many locations. Many of them are in Alberta except for one; Fort St. John which is located in British Columbia, Canada. The company has been going on for around 27 strong years. They have made a 74% improvement over the past 5 years but there have been many oil spills in the past which has led to very big decreases in their stock prices and sales. Canadian Natural Resources is trying their absolute best to achieve their vision even through tough times.

The Canadian foothills division includes EnCana's key natural gas growth assets in British Columbia and Alberta. Four key resource plays are located in the Canadian Foothills division: Greater Sierra, Cutbank Ridge, and coal bed methane (CBM). The CBM key resource play (Horseshoe Canyon CBM, and commingled shallow gas) is located within the Clearwater business unit. In addition, EnCana has established a land position in the

Currently, the conventional approach is to aggressively explore and develop new fields. This has led to a growth in drilling deeper wells and looking to ‘off-shore’ sites for new production of ‘light’ crude. However, as recent events in the Gulf of Mexico demonstrate with the British Petroleum incident and the resulting clean-up costs and loss of credibility, this approach has risks. It