Canadian Oil Sands production in 2019 will be almost 230 000 bpd lower than last year, according to ESAI Energy’s recently published North America Watch.
The report says that planned Canadian oil sands projects are being pushed back in response to further delays in pipeline egress and the mandated output cuts by the Alberta provincial government.
However, chronic midstream infrastructure bottlenecks and low price environment can limit the progress of the oil and gas industry, says GlobalData.
The company has announced that it has entered into a share option agreement with its joint venture partner, Grupo IDESA, S.A de C.V.
Declines in emissions intensity – already down by a fifth over the last 10 years – are expected to continue.
Canada’s existing oil pipeline and railway capacity is enough to support oil sands current exports but with little extra room for logistic constraints.
Corridor has attributed the decision to a geotechnical analysis which revealed the play may be more gas prone than oil prone, as well as a failure to attract a joint venture partner.
Arundo Analytics, a software company enabling advanced analytics in heavy industry, has announced that it is expanding its presence in Calgary, Canada.