Canada's Oil Sands: highlights from Q2 2015 results
The oil sands industry remained in the news during Q2 2015 – not much of which was positive. Forest fire shut-ins and planned maintenance turnarounds lowered production from the Q1 peak. A pipeline leak at Nexen's Long Lake project is being cleaned up and investigated by the Alberta Energy Regulator. Benchmark and Western Canada Select (WCS) crude prices, while improved in Q2 versus Q1, again showed weakness in July and early August.