Oilsands news
Canada's upstream spending set for 41% y/y decline
Rystad Energy expects total 2020 Canadian upstream spending to fall below CAN$21 billion.
IHS Markit makes 10-year forecast for Canadian oilsands production
IHS Markit expects average y/y supply additions to be below 100 000 bpd in the coming decade.
CNR snaps up Devon's Canada assets in US$2.8 billion deal
The assets include the 108 000 bpd Jackfish oilsands project, which comprises about 88% of the valuation.
ESAI Energy: Project delays sink oil sands output in 2019
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.
ESAI Energy: project delays to lower Canadian oil sands output in 2019
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.
GlobalData: Latest oil sands technologies propel Canada as the world’s fourth largest producer of crude oil in 2018
However, chronic midstream infrastructure bottlenecks and low price environment can limit the progress of the oil and gas industry, says GlobalData.
GlobalData: Canada’s large price discounts on oilsands barrels to persist until new pipeline capacity is added
Canada’s existing oil pipeline and railway capacity is enough to support oil sands current exports but with little extra room for logistic constraints.
SDX Energy's Kelvin-1X exploration well at South Disouq disappoints
The well will now be plugged and abandoned, and the rig will move to the site of the next drilling location on the South Disouq licence, the SD-4X appraisal well.
MHPS selected to suppy advanced class gas turbine technology to cut carbon emissions from oil sands bitumen production
Mitsubishi Hitachi Power Systems (MHPS) announced that Suncor Energy has issued a Letter of Intent to purchase MHPS JAC gas turbine technology.
Add Energy wins new contracts with QHSE technology
Add Energy has recently secured work with three operators in the North Sea for the provision of Environmental Management and Reporting Software (NEMS Accounter).