Canada's Oil Sands: momentary respite in Q2 2018

Get this report


You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.

- FAQ's about online orders
- Find out more about subscriptions

01 August 2018

Canada's Oil Sands: momentary respite in Q2 2018

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
    • 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
    • Suncor receives regulatory approval for coke fired boiler replacement project

Tables and charts

This report includes 11 images and tables including:

  • 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:

  • Document

    Canada's Oil Sands Q2 2018.xlsx

    XLSX 289.30 KB

  • Document

    Canada's Oil Sands: momentary respite in Q2 2018

    PDF 678.92 KB

  • Document

    Canada's Oil Sands: momentary respite in Q2 2018

    ZIP 908.58 KB

Trusted by leading organisations