Oil sands investment forecast
Oil sands production is expected to reach 4.25 million b/d by 2035 from 2.9 million b/d in 2018 – a growth rate decline of 12% from last year’s forecast. Market Access is Key Canada has an opportunity to gain global market share, replacing less sustainably produced oil sources. Conventional oil and natural gas capital investment for 2020 is forecast at $25.4 billion, up from an estimated $24.4 billion last year. Capital investment in the oil sands is forecast at $11.6 billion in 2020, up from an estimated $10.7 billion in 2019. From 2010 to 2014, global investment in tight oil, oil sands, and offshore deepwater development increased from 20% to 30% of total upstream investment. Over that same period, combined production from these resources increased by 4 million b/d, reaching 12.2 million b/d and accounting for 16% of total global crude oil production. A new report from IHS Markit’s Oil Sands Dialogue is forecasting that capital spending will drop below $10 billion this year – the first time that has happened since 2004. There is also no return to previous annual spending highs of over $30 billion in any of IHS Markit’s three outlook scenarios. Upstream investment in the oil sands is expected to grow to US$8.8 billion (C$11.6 billion) this year, up from an estimated US$8.1 billion (C$10.7 billion) in 2019, the industry’s main lobby
14 Mar 2019 Emissions Reduction Alberta is also investing $5.6 million to support this project through its Oil Sands Innovation Challenge. - Canadian
8 Jul 2019 Global “Oil Sands Market”2019 Research report provides information regarding share, trends, growth, cost structure, capacity, revenue and forecast 2024. Finally the feasibility of new investment projects are assessed and Two CERI reports released in July of 2019 forecast the economic contribution of 10% drop in oil sands investment between 2016 and 2017, to $13.8 billion. 30 Oct 2019 Coal implosion should hold important lessons for Alberta's oil sands industry. An investment of more than $200 billion is at risk. What if oil 19 Mar 2019 "For oil sands, we're seeing the lowest investment in 15 years." Keystone The developments are beginning to affect the industry's outlook. 1 Jul 2018 While investment has decreased and the era of the oil sands The recently released BP statistical outlook—often seen as the gold standard for
16 Oct 2019 Fort McMurray is the regional hub for the oil sands that produce “What we need to be doing is investing the billions of dollars that the Trudeau
Looking to 2019, British Columbia’s growth will slow toward the national average as a tight labour market curtails employment growth and impediments to investment and trade growth weigh on the outlook. After growing by an esti- mated 3.7% in 2017, we forecast the economy to grow by 2.3% in 2018 and 1.7% in 2019.
A Not So Happy New Year for the Tar Sands in 2018. Although Canada’s controversial tar sands industry celebrated a small increase in production last year, this year’s forecast is looking gloomy, as investors continue to take flight over the climate risks and the relatively low oil price means that other oil patches look more profitable.
31 Jan 2020 That would be a four percent increase in capital investment in the conventional side and an eight per cent hike in the oil sands. It would be the Judge Stays Order Forcing Alberta To Make Decision On Oilsands Project These are some key forecast assumptions from this week's Alberta budget tabled count on its investment in the Fort Hills oilsands mine, in which it is partnered with ventures and partnerships in the industry, which is helpful for oilsands as it allows for sharing of The industry is investing more in technology, and is collaborating on its use The International Energy Agency forecasts continued growth.
Oil sands production is expected to reach 4.25 million b/d by 2035 from 2.9 million b/d in 2018 – a growth rate decline of 12% from last year’s forecast. Market Access is Key Canada has an opportunity to gain global market share, replacing less sustainably produced oil sources.
Canada will need more pipelines built through to 2030 to transport an additional 1.3 million barrels per day of oil sands production to markets across North 9 Nov 2019 CAPP's annual Crude Oil Forecast, Markets and Transportation report throughout Canada's economy – from diminishing investment to loss of Oil sands production is expected to reach 4.25 million b/d by 2035 from 2.9 30 Jan 2020 Investment in Canada's oil-sands is forecast to grow for the first time since prices crashed in 2014.
31 Jan 2020 That would be a four percent increase in capital investment in the conventional side and an eight per cent hike in the oil sands. It would be the Judge Stays Order Forcing Alberta To Make Decision On Oilsands Project These are some key forecast assumptions from this week's Alberta budget tabled count on its investment in the Fort Hills oilsands mine, in which it is partnered with