Calgary's hometown heroes
Grim headlines obscure the progress ahead in 2018 for the oil sands, unconventionals and LNG
Gone are the frenzied days when multi-billion-dollar oil sands projects were sanctioned on a regular basis. These days, project cancellations and supermajor exits from Canada have been grabbing the headlines. But if you look beyond the adverse news, there's an exciting renaissance happening in the Canadian oil and gas business. Here are some developments to watch in the upcoming year. Supermajor exits create new opportunities. Over the course of the past year Shell, ConocoPhillips, Marathon and Apache all sold major Canadian assets. Despite this seemingly negative news, it's not the first time that supermajors have exited the Canadian oil patch en masse. In the 1990s, during a similar perio
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