The Oil Sands Weekly

Keystone XL clears another hurdle • Federal Liberals throw Alberta a bone • Enbridge and Spectra put 1,000 employees on notice • AER forces uncooperative producer into receivership • TransCanada drops hint on Pacific NorthWest LNG • Another Canadian refinery goes up for sale • Shell and Chevron continue to divest global assets

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The Oil Sands Weekly

AER sends Suncor rejection letter • Naphtha leak sets off explosion at Mildred Lake • Syncrude outage tightens Cdn oil discounts • Alberta's "path to balance" hinges on higher bitumen production • TransCanada building more capacity in Cushing • What happens when you send an email to Exxon CEO • EPCM world gets "leaner and more competitive" • Australia's looming gas shortage

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The Oil Sands Weekly

Shell and Marathon exit the oil sands • TMEP price tag increases • Dakota Access ready for first oil • Exxon mulls takeover of BP • Taking CO₂ off list of pollutants • IEA warns of oil supply shortage and price shock • OPEC engages in wishful thinking • WTI drops below $50 for the first time in 2017

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The Oil Sands Weekly

CNRL on track for a record 2017 • Exxon continues to drive costs lower at Kearl • MEG gets the ball rolling on May River • Pengrowth expands Lindbergh expansion • Alberta puts up a fight for TransMountain Expansion • America begins major roll-back of energy regulations

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The Oil Sands Weekly

TransCanada crew knocks out Enbridge pipeline • Booking, unbooking and rebooking oil sands reserves • From pipeline constraints to excess capacity • Energy patch bleeds cash for eight consecutive quarters • Alberta wins prize for most improved in 2017 • China loads up on Canadian heavy crude in the Gulf Coast • U.S. crude oil exports reach record highs

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The Oil Sands Weekly

Cenovus returns to profitability and shifts focus to expansion • Albian reports decent 2016 despite wildfires • No stone left unturned in Kinder Morgan's search for TMEP partner • ConocoPhillips looks to exit Canadian natgas operations • ETP executives call DAPL protestors "domestic terrorists" • Trump's love of coal gets put to the test • OPEC mulls deepening production cuts in H2-2017

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The Oil Sands Weekly

Cdn production hits a record 4 million bpd • All new oil sands projects unprofitable at current prices • Scope changes & wildfires raise costs at Fort Hills • NFLD oil takes the long route to China • Trudeau & Notley head to Washington • Border adjustment tax replaces social license on the agenda • OPEC compliance hits 90%

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The Oil Sands Weekly

A blow-out Q4 at Syncrude • Kearl suffering from excessive maintenance • Fort Mac adjusts to a new normal • Cheap US natural gas keeps flooding into Ontario • Trump throws Obama's methane cap out the window • DAPL protestors put to the test

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The Oil Sands Weekly

Keystone XL back on President's desk • Energy East back to square one • Canada's crude-by-rail exports spikes higher • Chevron's Canadian assets get reprieve from ambulance-chasing lawyers • Trump undoes Obama's 8 year legacy in first 3 days • BP predicts oil "abundance" and warns high cost producers to "adjust" tax regimes

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The Oil Sands Weekly

US thirst for Canadian crude soars to record highs • TD pegs oil sands breakeven at US$25 WTI • Alberta looks to Texas to help diversify economy • US energy policy undergoes extreme makeover • Anti-Keystone billionaire vows to stop Trump at any cost • Church of England declares fracking "morally acceptable" • Energy traders remain very, very bullish

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The Oil Sands Weekly

MEG returns to growth in 2017 • "Operational issues" reported at Kearl • Jane Fonda and PM Trudeau share common ideology • BC negotiates $1B in profit sharing from Kinder Morgan • US Oil Sands plans another restart • Texas commissions world's largest CCS plant • US displacing Venezuelan heavy crude with Canadian oil • US oil production jumps 500,000 bbl/day in 3 months

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The Oil Sands Weekly

CNRL fined for fatal 2007 tank farm collapse • University of Calgary pushes partial upgrading • Canada rings in the new year with higher gas prices • Labour market ends 2016 on a high note • Trudeau to Trump: You've got a friend in me • Weakening Polar Vortex pulls natural gas prices lower • US energy independence moved to 2026 • WTI touches US$55 and fizzles out

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The Oil Sands Weekly

Lightstream Resources closes the chapter on 2016 • Liquids gathering plants set to expand in 2017 • BC remains hopeful for LNG mega-projects next year • Canadian oil rigs cut in half over Christmas • WCS gains 60% for the year • 2016 is the new 2009 • Best wishes for 2017!

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The Oil Sands Weekly

New regulations take effect for shallow SAGD operations • Alberta's labour market not getting any better • Trudeau and Obama find common ground in the Arctic • Canada's carbon price may provide an investment edge • US starts selling crude held in SPR • Carl Icahn hired to "review" EPA regulations • BP CEO says worst is over for the company • Libyan oil production resumes after a 2 year pause

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The Oil Sands Weekly

Statoil exits the oil sands • CNRL plans more expansions • Husky boosts 2017 budget • outlook deteriorates for employment in the oil sands • Quebec opens the door to oil exploration • Canadian energy stocks reach 19 month high • EIA reports 12% decline in US oil reserves • world oil supply hits another record in November • US dollar hits 14 year high

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The Oil Sands Weekly

Brion Energy's MacKay River finally gets off the ground • Cenovus shifting to growth next year • partner needed to help fund Trans Mountain expansion • Alberta falls from #26 to #43 • US oil imports from Canada reach record high • Big Oil invests in Mexico, Iran and the North Sea • WTI discount to Brent widening again • OPEC reaches record 34 million bbl/day

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The Oil Sands Weekly

Scotford expands heavy oil refining capacity • social licences get put to the test • Trump's top advisor to visit the oil sands • unemployment in Alberta reaches 22 year high • Saskatchewan takes steps to protect environment - and put a stop to carbon taxes • Quebec reaches record oil output • US Oil Sands runs out of cash • Shell has no plans to "leave it in the ground" • OPEC plays the media like a fiddle • WCS jumps almost 20%

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The Oil Sands Weekly

Green light expected on Line 3 replacement • Shell, Cenovus and Suncor sign-on to national carbon pricing • Alberta moves to "modernize" power grid • more ethanol coming to a gas pump near you • coal makes a comeback in the US but gets phased out in Canada • fire breaks out at Exxon's Baton Rouge refinery • US dollar hits 13 year high • "Deal or No Deal" continues at OPEC headquarters in Vienna

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The Oil Sands Weekly

Production going up and costs going down at Suncor • CBoC tallies the damage from Fort Mac wildfires • heavy rains to blame for Husky oil spill • mortgage rate hike much worse for Canada than low oil prices • oil rig counts jump on both sides of the border • Exxon continues petrochemical expansion in Texas • President Obama blocks sale of Arctic drilling rights • currency and bond markets still in a tizzy post-election • soaring US dollar bad omen for all commodities

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The Oil Sands Weekly

Feds clear last hurdle for BC pipeline approval • Hangingstone SAGD expansion gets pushed back • heavy oil differentials set to narrow • US oil production creeps higher • global oil glut about to get a lot worse • $10 trillion needed to meet world oil demand through 2040 • Washington swings from the far left to the far right • US dollar soars dragging oil prices lower

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