What's inside this report?
- Corporate news: What’s caught the team’s attention in the headlines this month
- Deep dive: Expert analysis from our dedicated team on the most exciting developments in the sector – from M&A activity to new exploration to geopolitical developments
- What to watch: What to expect from the Canadian upstream sector over the next few months
Report summary
Table of contents
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Exploration projects approved off Canada's East Coast
- April Read , 12 January 2021
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Canada's carbon price to rise to $170/tonne: implications for upstream
- Mark Oberstoetter , 17 December 2020
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5 things to look for in 2021
- April Read , 11 December 2020
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Checking in on 2021 guidance
- Mark Oberstoetter , 10 December 2020
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Whitecap acquires TORC for US$700 million
- Scott Norlin , 10 December
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Cenovus divests Marten Hills
- Scott Norlin , 9 November 2020
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Upstream webinar: Canada's evolving upstream landscape
- Tuesday, 10 November 2020 Americas 9:00AM MST | Europe 5:00PM BST
- Re-watch the recording of our webinar here .
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Tourmaline doubles down on Deep Basin
- Scott Norlin , 5 November 2020
- Read our deal insight here
- One successful result in the 2020 Newfoundland and Labrador Call for Bids
- With or without you: an uncertain fate for the Keystone XL pipeline
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Canadian consolidation continues: Montney focused M&A trends
- Scott Norlin , 26 October 2020
- Cenovus and Husky announce plans to merge
- Government curtailment ends in Alberta
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TIER used to fund methane reduction development
- Scott Norlin , 29 September 2020
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Suncor announces an operational update
- Scott Norlin , 7 September 2020
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Consolidation continues in western Canada
- Scott Norlin , 31 August 2020
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Waterous consolidates to form Strathcona Resources
- Scott Norlin , 14 August 2020
- CNRL swoops in to acquire Painted Pony
- The losses keep mounting for oil sands operators in Q2
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Total writes down oil sands and rules out any future capacity increases
- Mark Oberstoetter , 29 July 2020
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ConocoPhillips deals for Kelt's Inga Montney position
- Mark Oberstoetter , 22 July 2020
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Tourmaline leading the pack
- Scott Norlin , 15 July 2020
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Shifting tides of M&A in Canada
- Scott Norlin , 10 July 2020
- Revolver redeterminations continue to be extended
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Financial focus in H2 2020
- Scott Norlin , 2 July 2020
- 1H 2020 published insights from the Canada team:
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Wildcat discovery in offshore Newfoundland & Labrador?
- April Read , 10 June 2020
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Longshore Resources combines with Rifle Shot, Steelhead and Primavera
- Rowena Gunn , 10 June 2020
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Hydrogen – a new national energy strategy?
- April Read , 10 June 2020
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After the crash - what's changed in Canada upstream?
- April Read , 9 June 2020
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Canadian companies added to hedging tracker
- Scott Norlin , 26 May 2020
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Federal funding for abandonment promising in Western Canada
- Scott Norlin , 26 May 2020
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AER blocks Pieridae acquisition of Shell assets
- Scott Norlin , 15 May 2020
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Canadian capex cuts compiled
- Rowena Gunn , 8 May 2020
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An update on oil sands shut ins
- Mark Oberstoetter , 7 May 2020
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Assessing debt levels: distant maturities create comfort for the larger producers
- Mark Oberstoetter , 5 May 2020
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NGL pipeline delayed
- Scott Norlin , 27 April 2020
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Webinar: a Canadian update on coronavirus and the oil price crash
- Mark Oberstoetter , 21 April 2020
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Aid announced for oil and gas industry
- April Read ,20 April 2020
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What's next for Canadian production?
- Rowena Gunn , 9 April 2020
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Full scale oil sands shut-ins begin
- Rowena Gunn , 3 April 2020
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Government of Alberta invests in Keystone XL
- April Read , 31 March 2020
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Production shut-ins: unprecedented times calling for extreme measures
- Mark Oberstoetter , 27 March 2020
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Bay du Nord shelved as a victim of price drop
- Mark Oberstoetter , 18 March 2020
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Canadian capex cut
- Scott Norlin , 11 March 2020
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Tourmaline consolidates in the Montney
- Scott Norlin , 25 February 2020
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Teck withdraws the Frontier mining project
- April Read , 24 February 2020
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Coronavirus: how is it impacting the oil and gas sector?
- Fraser McKay , 24 February 2020
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TC Energy to expand WCSB gas infrastructure
- Scott Norlin , 13 February 2020
- Clearing obstacles
- April Read , 4 Feb 2020
- Rigs spike in January
- Mark Oberstoetter , 13 January 2020
- Cenovus plans a date for net zero emissions
- Lease sales underwhelm in December and all of 2019
- CN Rail strike threatens egress
- The struggles of highly leveraged Alberta mid-sized producers continue
- Pengrowth
- Bellatrix
- Suncor announces low-carbon cogeneration FID
- Koch Industries makes an oil sands exit
- Oil sands emissions: increasing or decreasing?
- Oil slick at Hibernia necessitates production shut in
- Alberta announces two fiscal changes
- Comparing play-wide average returns to price realisations
- Shell sells conventional sour Foothills gas to LNG aspirant Pieridae Energy for Cdn$190mm
- TransMountain Expansion receives government approval
- CNRL acquires Devon's Canada assets
- Pacific Oil & Gas acquires Montney-specialist Canbriam Energy
- Bill C-69 proposed project list released
- Q1 2019 in the oil sands: what to watch for
- Blue wave sweeps Alberta legislature
- Deal activity remains quiet
- Deal activity remains quiet
- Chevron applies to expand Kitimat LNG license
- Oil sands project status update
- Montney production remains resilient
- Pipeline peril continues
- Devon eyes Canada exit
- Alberta curtailments tweaked for February
- Western Canada rig counts eclipse 2016 doldrums
- Alberta government mandating production curtailments of up to 325 kbd in 2019
- Our latest insights, podcasts and webinars
- Meet our team
Tables and charts
This report includes 39 images and tables including:
- 2020 Newfoundland and Labrador Call for Bid results
- Alberta production breakdown
- Completed RBL redeterminations
- Redetermination extensions
- Newfoundland and Labrador approved project lease locations
- Capital expenditure budgets
- Company land base
- Alberta methane emissions
- Total's oil sands working interest cash flow under three price scenarios
- Well activity map
- Production and drilling history by operator
- Hedging breakdown for Canadian operators
- Abandonment funding
- Capital budget revisions
- Selected companies debt by maturity
- Net debt vs. % maturing within five years
- Tourmaline acquisition acreage northeast BC
- Drilling activity - formation targets
- Drilling activity - operators
- Company-level emissions intensity from oil sands projects
- Western Canada leasing results
- Encana cashflow by region
- Koch and Paramount Resources oil sands lease positions
- Oil sands emissions intensity
- Play average IRR% versus 2019 price
- West Canada oil supply - local refinery consumption vs pipeline takeaway capacity
- Consideration metrics for oil sands and heavy oil deals
- Northern BC sub-play map
- Northern BC IP30 ranking
- Oil sands emissions forecast
- Canada crude oil exports by rail
- Jackfish NPV10 comparison
- Canada upstream M&A consideration and deal count
- Asian LNG demand growth
- Aspen cumulative cash flow
- Montney gas production
- Provincial rig count 2014-present
- Regional rig count 2014-present
What's included
This report contains:
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