WATCH ABOVE: Fort McKay First Nation and Suncor Energy have partnered on a prospective oilsands lease development on the northeast corner of reserve lands. Morgan Black explains. – Mar 7, 2024It predicts production of raw bitumen — the thick, sticky oil found in Alberta’s oilsands region — will grow to four million barrels per day in 2033, up from the 3.4 million barrels per day that was produced last year.
Most of the growth is expected to come not from oilsands mines, but from in situ operations, which use steam to loosen up the oil deep below the surface of the earth.The AER also predicts global oil prices will continue to rise, from a projected average of US$76 per barrel for U.S. benchmark West Texas Intermediate for the current year to US$83.63 by 2033.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Alberta regulator projects 17 per cent growth in oilsands production by 2033CALGARY — The Alberta Energy Regulator says it expects the province's oilsands production to grow by more than 17 per cent by 2033.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Alberta regulator projects 17 per cent growth in oilsands production by 2033CALGARY — The Alberta Energy Regulator says it expects the province's oilsands production to grow by more than 17 per cent by 2033. The regulator released its annual forecast Monday.
Source: SooToday - 🏆 8. / 85 Read more »
Alberta regulator projects 17 per cent growth in oilsands production by 2033The Alberta Energy Regulator says it expects the province's oilsands production to grow by more than 17 per cent by 2033.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
NDP worries UCP government reducing independence of Alberta Energy RegulatorThe Alberta NDP says the province's energy minister is undermining the independence of its supposedly arm's-length energy regulator and telling it what to do.
Source: GlobalCalgary - 🏆 50. / 61 Read more »
Alberta government reducing independence of province’s energy regulator: OppositionEnergy and climate critic says Brian Jean’s letter is the latest example of the UCP government’s attempts to control bodies intended to be independent
Source: globeandmail - 🏆 5. / 92 Read more »