Magazine Features (subscription required)
If the forecasts are correct—and lately they’ve been more likely to be revised up than down—2014 is going to be another big year for oilsands developers and the companies along the supply chain. The Canadian Association of Petroleum Producers (CAPP) is predicting that project owners will sink $25 billion of new capital investment into the sector this year, matching CAPP’s revised estimate for 2013, which began the year at $23 billion but ended it at $25 billion. Peters & Co. Limited analysts peg the 2013 estimate even higher, at $30 billion, which would be a new capex record.
Pressure cooker?Sturgeon Refinery overrun raises concerns about cost escalation, but execution strategy could keep the trend at bay
projected capital cost overrun of 50 per cent would raise eyebrows in any industry, but particularly for those who watch and play in the Alberta oilsands, this kind of announcement can trigger well-deserved concern.
Extra web content from our print edition
Northern Gateway litigationThe National Energy Board joint review panel has said to approve it, but opponents hope legal action will take the project back to square one
Three First Nations and four environmental groups have launched lawsuits to halt the next step in Enbridge Inc.’s long-sought Northern Gateway oilsands pipeline from Alberta to the West Coast.
Oilsands Data (subscription required)
Oilsands Budgets and Capital Expenditures
Oilsands Operating Costs
Alberta Oilsands Land Sale Summaries
Oilsands In Situ
Alberta Commercial Schemes
Water Production Rates
Steam Injection Rates
Wells Producing or Injecting
Steam Oil Ratio
Water Steam Ratio
News Updates (subscription required)
March 11, 2014
Canadian Natural Resources Limited has withdrawn its application for a low-pressure steamflood at Primrose East, where bitumen emulsion has seeped to surface, after the Alberta Energy Regulator (AER) informed the company the application would be denied.
March 10, 2014
Mark Ward has been named to the position of chief executive officer of Syncrude Canada Ltd. effective April 1, 2014, says Canadian Oil Sands which holds the largest interest in the joint venture.
Month in review (free access)
Statoil and PTTEP split in situ oilsands assets
Innovation is on the rise in the oilsands, but is it fast enough for ongoing sustainability success?
They call it the “valley of death.” It’s basically the treacherous gap between technology innovation and commercialization where good ideas go to die. In the oilsands, several times in the past game changing technologies have made their way across this crater, which is in reality the only reason the industry exists. And while many challenges [...]
* Expressed as a basis to WTI