Canada's oil sands: infrastructure woes weigh on Q4 2017
Project start ups at Fort Hills and Horzion Phase 3 in Q4 2017 means production is accelerating higher into 2018. SAGD project contributions from JACOS Hangingstone and the upcoming KNOC BlackGold also add pressure to an already constrained export system. Infrastructure issues and the wider Canadian price discounts were major stories in Q4 and will continue into 2018. We highlight the project news behind record production levels while also touching on lower operating costs, regulatory changes and Alberta's newest flowing refinery.