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Canadian upstream: 5 things to look for in 2018

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2017 was a year of significant change in the Canadian oilpatch. The Canadianisation of the oil sands dominated the first half of the year, with the latter part of the year focussing on the Montney and the Duvernay. What do we expect for 2018? New greenfield oil sands projects receive FID, more pipeline uncertainty, and potential Montney consolidation. We also predict corporate budgets to remain relatively flat, with share buybacks on the table for larger producers and smaller producers challenged to maintain growth within cash flow.

Table of contents

  • 1. Greenfield oil sands projects get sanctioned
    • Trans Mountain continues the regulatory slog
    • Keystone XL greenlit, but will it ultimately come to fruition?
    • Line 3: one final hurdle
  • 3. M&A volume stays hot, consideration not so much
  • 4. Consolidation moves from the oil sands to the Montney
  • 5. Prudent budgets are maintained

Tables and charts

This report includes 5 images and tables including:

  • Oil sands projects sanction 2016 - 2017
  • Potential oil sands projects sanctioned in 2018
  • M&A spend in Canada: 2017 deals by announcement date
  • Capital budgets for selected companies

What's included

This report contains:

  • Document

    Canadian upstream: 5 things to look for in 2018

    PDF 1.19 MB