ENERGY MARKETS
Crude Oil Prices
Natural Gas Prices
Real-Time Charts
Upgrades & Downgrades
Data Downloads


NEWSLETTER SIGN-UP
Sign-up for the latest oil sands news, site updates, energy statistics and what's moving energy markets, delivered to your inbox every week-end:

WE RESPECT YOUR PRIVACY
You can opt out anytime by clicking "UNSUBSCRIBE" at the bottom of the newsletter.
Why it's different this time - the IHS sees continued growth in the oil sands but few greenfield projects on the horizon

Why it's different this time - the IHS sees continued growth in the oil sands but few greenfield projects on the horizon

Data analytics firm IHS had good news and bad news for Alberta's energy patch this week.

The good news: 

  • another one million barrels per day is expected to come online by 2025, driven by several major projects that are already under construction or being expanded
  • operating costs have declined by an average of $10 per barrel since 2014
  • expansion of existing in-situ operations could break-even at US$50 WTI
  • very slow production declines make oil sands assets attractive to investors over the long term, even at lower oil prices.

The bad news: 

  • unless oil prices meaningfully recovery from here (which is not anticipated), future growth will come from expansion and debottlenecking of existing facilities; very large-scale few greenfield projects are anticipated in the short term
  • lack of pipeline infrastructure will increase transport costs for oil sands producers, resulting in a significant headwind for the industry
  • the industry is expected to continue its downward pressure on labour and construction costs, despite the recent rebound in oil prices.
CHART COURTESY IHS.COM

CHART COURTESY IHS.COM

Read the full summary on the IHS website (www.ihs.com).

Canadian lawyers score a big win as BC's Aboriginal groups get pitted against each other

Canadian lawyers score a big win as BC's Aboriginal groups get pitted against each other

Canadian energy markets according to CAPP - 10 key takeaways from the group's latest crude oil forecast

Canadian energy markets according to CAPP - 10 key takeaways from the group's latest crude oil forecast

0