Insight
Canada's Oil Sands: momentary respite in Q2 2018
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Price realisations were strong in Q2 thanks to global prices on the upswing along with planned turnarounds and an unplanned outage at Syncrude. Those same turnarounds kept production levels below previous peaks. Output is now climbing with maintenance work complete and Syncrude set to return to full capacity in September. Rail volumes are also starting to grow. Looming refinery maintenance will mean wider price discounts are to be expected in Q3. We also track project news for Jackfish, Long Lake, Aspen and others.
Table of contents
- Executive summary
- Benchmark crude prices
- WCSprices and currency implications
- Bitumen and SCO realisations
- In situ production
- Mining production
- Operating costs
- Crude by rail
-
Other significant events
- Syncrude shuts down due to power outage
- Whiting Refinery maintenance planned for September
- Imperial Oil highlights benefits of autonomoustrucks at Kearl mine
- Devon lowers oil sands production guidance for Jackfish
- CNRL agrees to acquire distressed oil sands producer Laricina Energy
- Insolvent Connacher Oil and Gasacquired by East River Oil and Gas
- Nexen sanctions Long Lake SW development
- Aspen progressing to an AER regulatory hearing
- 1 more item(s)...
Tables and charts
This report includes the following images and tables:
- Benchmark pricing
- Benchmark price performance
- Historic WCS prices
- Realised bitumen prices
- In situ projects producing >35 kbd
- In situ projects producing <35 kbd
- Mining project production
- Mining & upgrading operating costs
- In Situ operating costs
- Crude by rail
What's included
This report contains:
Other reports you may be interested in
Asset Report
Canada oil sands key play
Canada's oil sands hold a known resource base of 160 billion recoverable barrels. A total of 76 phases, covering 35 projects, are assessed.
$22,800
Asset Report
CNRL Kirby
The Kirby project is situated in the Athabasca oil sands region of Alberta, around 160 kilometres south of Fort McMurray and 85 ...
$3,720
Insight
Canada upstream in brief
Our view on the key events as they unfold, covering oil sands, unconventional plays, western Canada, Arctic, and offshore East Coast.
$700
