Insight
Canada upstream: 5 things to look for in 2020
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Canada produces 6% of the world's oil and 5% of its gas, while accounting for an even higher percentage of global reserves. The country's inability to achieve parity with global prices for those products remains its dominant issue. Many of the topics facing the global upstream sector are especially heightened in Canada given the intense scrutiny on capital discipline and environmental performance. The key themes of 2020 will be rail, capital efficiency, ESG and differentials. Rail will rise to new highs; spending will flatten but production will rise; offshore Newfoundland & Labrador exploration will jump; methane emission reduction will be front and centre; and AECO will see the smallest differential in years.
Table of contents
- Executive summary
- 1. Egress, exemptions and open season: annual rail volumes rise to 490 kbd
- 2. Capital discipline and production growth – the Canadian mantra
- 3. Comeback kid? Atlantic Canada exploration on an upswing
- 4. Canada rises to the occasion as a clean-tech leader in methane
- 5. AECO differential to Henry Hub narrows to lowest since 2016
Tables and charts
This report includes the following images and tables:
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Canadian crude-by-rail demandCompany guidanceWork commitments by company and expiry yearMethane emissions2019 prediction scorecard
What's included
This report contains:
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