Name: Canada's Oil Sands: storm clouds in Q3 2018
Brand: Wood Mackenzie
SKU: 98245
Price: 1350 USD
Availability: OnlineOnly
Author: Wood Mackenzie

Insight 06 November 2018

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Report summary

Q3 2018 saw storm clouds beginning to roll in for the oil sands. After Western Canada Select (WCS) prices reached highs in Q2, prices dropped by close to 17% primarily due to lower WTI prices. The sector also accomplished record production on both the in situ and mining side in the quarter. The quarter also saw quite a bit of news around market access, the most notable occurring on 30 August when the Federal Court of Appeal quashed the construction permit for the Trans Mountain pipeline. On the M&A side, Husky's hostile bid for MEG Energy was announced on 30 September.

Executive summary
Benchmark Crude Prices
WCS prices
Bitumen and SCO realisations
In-situ production
Mining production
Operating costs
Transportation bottlenecks
Significant events
- TMX goes back to the drawing board
- Rail deals abound
- Merger madness
- A greenfield project beckons?
- Cenovus Christina Lake achieves payout
- Some producers cut production, others don't
- Orion expansion

Tables and charts

This report includes the following images and tables:

Benchmark pricingBenchmark price performanceHistoric WCS prices

Realised bitumen pricesIn-situ projects producing >35 kb/dIn-situ projects <35 kb/dMining project productionMining & upgrading operating costsIn-situ operating costsCrude by rail