Insight
Canada oil sands: recording more records in Q4 2022
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The fourth quarter saw decreases in key commodity benchmarks and additionally growing WCS differentials. We address several topics facing oil sands operators and production performance of mining and in situ projects. What is driving widening WCS differentials? What new greenfield and brownfield project production capacity increases have occurred? What operators are doing with free cash flow? What progress industry is taking on addressing emissions reduction?
Table of contents
- Executive summary
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Benchmark crude prices
- Western Canada Select (WCS) pricing
- Bitumen and SCO realisations
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Production
- Mining production
- In situ production
- Growth plans start to materialise
- Operating costs
- Earnings and shareholder returns
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Other topics
- Leadership changes at Suncor and Cenovus
- Kearl tailings spill
- Fort Hills sees another ownership shuffle
- Pathways Alliance
- Alberta Government adds more teeth to TIER carbon tax and announces provincial budget
Tables and charts
This report includes the following images and tables:
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Benchmark pricesReported net earningsCorporate cash distributions since 2020
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Benchmark price performanceHistorical WCS pricingRealised pricingMining project productionIn situ projects producing >40 kb/dIn situ projects producing <40 kb/d
What's included
This report contains:
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