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How Canada’s oil sands transformed into one of North America’s lowest-cost plays

Oil & Gas 360º

Exxon-owned Imperial and its competitor Suncor have also switched to autonomous mining vehicles, eliminating the need to hire drivers to transport oil sands ore. bbl between 2017 and 2019, according to BMO. Back in 2017-2019, U.S. Oil sands had an average break-even price of $51.80/bbl

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The Iberian green industrial opportunity: Carbon capture and storage

McKinsey

Key cost drivers include: Transport distance: There is a relatively linear relationship between travel distance and cost. Furthermore, Porthos secured direct funding from the Netherlands government in 2018 and the European Commission in 2019, along with revenue assurance from the Renewable Energy Production Incentive Scheme (SDE++) in 2021.

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Drivers Reject Steelworkers Union

Permian Basin Oil and Gas Magazine

Crude oil drivers for Sunoco Logistics Partners (also known as Energy Transfer ) have successfully forced United Steelworkers (USW) union bosses out of their work unit, according to a statement issued on May 20 by the The National Right to Work Legal Defense Foundation.

Drivers 107
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ExxonMobil’s Top 5 Priorities for the Remainder of 2025

Oil Gas Leads

ExxonMobil aims to: Double the industry-standard shale recovery rates (currently ~6–8%) Deploy AI-driven monitoring, frac proppant advances, and real-time optimization Reduce drilling/completion costs while boosting EUR per well Look for continued field trials and data-driven refinement of these technologies before 2026.

Basin 52
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Saskatchewan, Ontario, Alberta Sign MoU to Facilitate O&G Transportation

Rigzone

The two primary drivers of the reduction were oil companies installing combustion equipment at wells and facilities to burn off gas that would otherwise have been vented; and companies using vented gas on site as fuel for a beneficial industry-related purpose, according to the statement.

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U.S. Electric Vehicle Adoption Plummets

OilPrice

Just 16% of American drivers say they are likely to buy an electric vehicle (EV) as their next car—the lowest share recorded in AAA’s annual surveys since 2019. High battery maintenance costs, high purchase prices, and concerns about range continue to be major deterrents for U.S.

Drivers 347
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CME Group’s Sammann optimistic amid market volatility

SmartBrief

Those are all things that we’ve seen to be significant drivers of end user, self directed traders in the gold market. We’re seeing retail growth in metals, and that’s almost exclusively in gold, not surprisingly, given goals at $3,400 inflation hedge, you know, flight to quality.