Name: Canada's Oil Sands: storm clouds in Q3 2018
Brand: Wood Mackenzie
SKU: 98245
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Author: Wood Mackenzie

Insight 06 November 2018

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
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                <div>
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.</div>
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                    <h3 class="alpha push-half--bottom">Table of contents</h3>

<li class="list__item-toggle font-semibold">
        Executive summary
    </li>

<li class="list__item-toggle font-semibold">
        Benchmark Crude Prices
    </li>

<li class="list__item-toggle font-semibold">
        WCS prices
    </li>

<li class="list__item-toggle font-semibold">
        Bitumen and SCO realisations
    </li>

<li class="list__item-toggle font-semibold">
        In-situ production
    </li>

<li class="list__item-toggle font-semibold">
        Mining production
    </li>

<li class="list__item-toggle font-semibold">
        Operating costs
    </li>

<li class="list__item-toggle font-semibold">
        Transportation bottlenecks
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<li class="list__item-toggle">
        <a href="#5f18bee2-1fbb-46bb-be7f-bc0c1b2f48dc" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="5f18bee2-1fbb-46bb-be7f-bc0c1b2f48dc" aria-expanded="false">
            Significant events
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        <ul id="5f18bee2-1fbb-46bb-be7f-bc0c1b2f48dc" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        TMX goes back to the drawing board
    </li>
    <li class="push-quarter--bottom">
        Rail deals abound
    </li>
    <li class="push-quarter--bottom">
        Merger madness
    </li>
    <li class="push-quarter--bottom">
        A greenfield project beckons?
    </li>
    <li class="push-quarter--bottom">
        Cenovus Christina Lake achieves payout
    </li>
    <li class="push-quarter--bottom">
        Some producers cut production, others don't
    </li>
    <li class="push-quarter--bottom">
        Orion expansion
    </li>

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<h3 class="alpha push-half--bottom">Tables and charts</h3>

<p class="push-half--bottom">This report includes the following images and tables:</p>

<ul class="list list--bullets">
         <li class="list__item push-quarter--bottom">Benchmark pricing</li><li class="list__item push-quarter--bottom">Benchmark price performance</li><li class="list__item push-quarter--bottom">Historic WCS prices</li>
     </ul>
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        <ul class="list list--bullets panel-toggle" id="c0d85199f3f74db6b83e7c9b218edaaf">
            <li class="list__item push-quarter--bottom">Realised bitumen prices</li><li class="list__item push-quarter--bottom">In-situ projects producing &gt;35 kb/d</li><li class="list__item push-quarter--bottom">In-situ projects &lt;35 kb/d</li><li class="list__item push-quarter--bottom">Mining project production</li><li class="list__item push-quarter--bottom">Mining & upgrading operating costs</li><li class="list__item push-quarter--bottom">In-situ operating costs</li><li class="list__item push-quarter--bottom">Crude by rail</li>
        </ul>
        
    </div>

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<h3 class="alpha push-half--bottom ">What's included</h3>
<p class="push-half--bottom ">This report contains:</p>
<ul class="list"><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >Canada's Oil Sands Q3 2018.xlsx</p>
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</li><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >Canada's Oil Sands: storm clouds in Q3 2018</p>
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