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Major oil sands producers are talking continued capital discipline
Canada Oil sands Decarbonisation Net zero
Vincent Lauerman
Calgary
23 November 2021
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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 count

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Canada’s Asian pivot faces hurdles
12 December 2025
The federal government is working with Alberta to improve the country’s access to Asian markets and reduce dependence on the US, but there are challenges to their plans
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The removal of the ban on oil and gas exploration and an overhaul of the system sends all the right messages for energy security, affordability and sustainability
New Zealand’s gas horror story will haunt for years to come
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The economic and environmental cost of the seven-year exploration ban will be felt long after its removal
OPEC presses pause
9 December 2025
The group’s oil production declined in November, our latest analysis finds, amid divided sentiment over market balances and geopolitical jitters

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