Canada's Oil Sands: storm clouds in Q3 2018 Report

Insight 06 November 2018

Get this report*

$1,350

You can pay by card or invoice

Share link

First name
Last name
Job Title
Company
Email
Telephone

Country

Message

Consent

Please keep me informed about Wood Mackenzie products, services and events.

Submit Category

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

Report summary

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.

Executive summary
Benchmark Crude Prices
WCS prices
Bitumen and SCO realisations
In-situ production
Mining production
Operating costs
Transportation bottlenecks
Significant events
- TMX goes back to the drawing board
- Rail deals abound
- Merger madness
- A greenfield project beckons?
- Cenovus Christina Lake achieves payout
- Some producers cut production, others don't
- Orion expansion