Canada's Oil Sands: momentary respite in Q2 2018 Report

Insight 01 August 2018

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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.

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)...