Related Articles
Major oil sands producers are talking continued capital discipline
Forward article link
Share PDF with colleagues

Oil sands producers keep the reins tight

No extravagant spending is planned ahead of a capital-intensive push towards a lower carbon footprint

Canada’s oil sands producers are rolling in cash with crude oil prices hovering around $80/bl. But after suffering near death-experiences during the worst of the Covid crisis in the first half of 2020, and with net zero coming to dominate the global energy agenda, there is absolutely no talk in downtown Calgary of boosting capital spending to fund new oil sands mega-projects. Instead, major oil sands producers are talking continued capital discipline. Relatively modest production growth through debottlenecking current operations and small-scale brownfield projects is also on the agenda, especially with Prime Minister Justin Trudeau committing at Cop26 in Glasgow to cap emissions on the coun



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Jera plans winter LNG stock build
26 November 2021
The Japanese LNG buyer is looking to avoid a repeat of last year’s supply crunch
Basra-Aqaba pipeline talks hint at conclusion
26 November 2021
Nearly 30 years since the original agreement, Iraq’s route to the Red Sea may be in sight
Delta goes private with Vietnamese LNG project
25 November 2021
The firm’s LNG-to-power development will be the first in Vietnam to be fully privately owned
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video