Total Canadian oilsands production is projected to approach 4 million b/d by 2030, nearly 1 million b/d more than current output, though the rate of growth is set to slow compared to previous years, according to a new 10-year production forecast published by IHS Markit.
Articles from Oilsands
Wells in the Montney and Duvernay formations in northern Alberta and British Columbia will increasingly dominate natural gas production in the provinces, TransCanada Corp.’s Nova Gas Transmission Ltd. (NGTL) said in the second pipeline expansion proposal to regulators in a week.
The Alberta government offered a C$440 million ($330 million) loan guarantee Tuesday to a proposed refining customer for Canada’s top industrial natural gas user, thermal oilsands production.
Royal Dutch Shell plc has agreed to sell its stakes in oilsands producer Canadian Natural Resources Ltd. for about C$4.3 billion ($3.3 billion), nearly completing a $30 billion divestment goal.
A “critical” lack of crude oil export capacity from Western Canada has forced Cenovus Energy Inc. to reduce production rates and store excess barrels in its reservoirs, the Calgary-based operator said Thursday.
A new growth front is emerging for liquid byproducts of natural gas as solvent scrubbing agents that replace or reduce steam currently used for subterranean “in-situ” oilsands production in northern Alberta.
Even the old mainstay growth customer, Alberta thermal oilsands projects, will let down Canadian natural gas producers, says a fall crop of industry and government forecasts that lean prices will continue to prevail.
TransCanada Corp. confirmed Thursday that a proposed partial conversion of its Energy East natural gas mainline to oil service is dead, blaming “changed circumstances” for loss of the C$15.7 billion ($12.6 billion) plan.
The green light has been flashed for construction to start on schedule in September at an environmental sore spot in Kinder Morgan Canada Ltd.’s growth-enabling pipeline project for oilsands production and industrial natural gas consumption.
The biggest Canadian source of new oil supplies will continue to be the nation’s top industrial natural gas burner, predicted the Canadian Association of Petroleum Producers (CAPP).