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
Also in this section
29 April 2026
The UAE’s exit from the alliance marks a decisive step towards a world in which oil markets are shaped less by collective management and more by national strategy
29 April 2026
Trafigura’s $1b prepayment agreement confirms African resource holders’ renewed interest in oil-backed financing deals as they look to capitalise on high oil prices
29 April 2026
The UAE’s departure from the oil producers’ group was a surprise to many, but the move can be traced back to a single point five years ago
28 April 2026
Oil traders warning of $200/bl oil are wrong, and the market should be wary of proclamations that the impact of the oil shortage has only begun to be felt and a that a ‘harsh adjustment’ is coming—even for industrialised nations
