Naturally occurring flammable liquid.
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Its assets include conventional oil and gas, oil sands and shale gas.
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Some of the tankers could nonetheless still be used for conventional oil transportation.
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Extracting crude from the clay-like oil sands requires more energy than conventional oil production.
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The Pembina Cardium is a conventional oil fields in Alberta.
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The company is also selling its Pelican Lake and Suffield conventional oil and gas assets.
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Some could still be used for conventional oil transportation.
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But development is far more expensive, complicated and has much more environmental impact than conventional oil.
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Newlight insists that the technology outcompetes conventional oil-based plastic on price and its overall environmental footprint.
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But the tar sands produce bitumen, which has a much higher carbon footprint than conventional oil.
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They are made of conventional oil-based plastic, with an additive that enables the plastic to break down.
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Burkhard said drilling conventional oil also can emit large amounts of carbon dioxide as traditional oil fields age.
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This process generates more greenhouse gas emissions per barrel of final product than the production of conventional oil.
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As conventional oil supplies deplete, EOR is likely to become increasingly important, providing increased demand for CO2 injection.
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Then there is the environmental damage done by conventional oil production, fracking and of course the use of oil.
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Companies selling conventional oil and gas assets typically market vast parcels of land which include a mixed-bag of wells.
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The Company is engaged in the development and production of conventional oil reserves located in the Western United States.
