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
US renewables sector faces near-term challenges
26 January 2022
Supply-chain issues and rising costs present short-term difficulties for sector poised for rapid growth
INOC sets the stage for oil uptick
26 January 2022
Control for Iraq’s new NOC of one of the country’s biggest oil assets may just be a first step in Baghdad’s strategy
TotalEnergies quits Myanmar
25 January 2022
The French major is transferring its stake in the Yadana gas field to its partners
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video