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Posted by / 02-Jan-2018 16:32

It's a hard sell, he said, to Canadian producers struggling with low oil prices.Go indexes third party websites and does not have control over, nor any liability for the content of such third party websites.Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co.

Canada's oil sands sector has become one of the biggest victims of the global oil price crash that began in 2014 when top OPEC producer Saudi Arabia flooded the market with cheap crude to drive out high cost competitors.Drilling is carried out after studies of structural geology (at the reservoir scale), sedimentary basin analysis, and reservoir characterization (mainly in terms of the porosity and permeability of geologic reservoir structures) have been completed.It is refined and separated, most easily by distillation, into a large number of consumer products, from gasoline (petrol) and kerosene to asphalt and chemical reagents used to make plastics and pharmaceuticals.Carmon Creek is wholly owned by Shell, which said it expected the decision to cost billion in its third-quarter results, due to impairment, contract provision, redundancy and restructuring charges.Petroleum is a naturally occurring, yellow-to-black liquid found in geological formations beneath the Earth's surface.

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The group published a response to Exxon that same year warning that international efforts to cap greenhouse gas emissions increasingly will turn tar sands and other high-cost projects into bad investments.

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