Canada's oil sands: profits and expansions in Q3 2017
Oil sands production in Q3 2017 reached new heights as both in situ and mining projects helped the sector to achieve a record-setting quarter. The continued ascent of oil sands production is accelerated by expansions from Canadian Natural Resources and new projects from Brion Energy and JACOS. The momentum observed in Q3 will continue through to the end of the year and into 2018 with the imminent completion of the Fort Hills project. Imperial Oil is also expected to increase production through a debottlenecking at its Kearl mine over the next two years, while Husky is seeking regulatory approval to begin construction on its McMullen Willow Creek project.