Oil sands production cuts

Mar 5 CNRL cuts spending in the oil sands, but plans to boost capacity at Scotford upgrader PROJECTS The company says production capacity at Albian has improved to 320,000 bbl/day, and it will focus on boosting capacity at the downstream Scotford upgrader.

6 Feb 2019 The oil sands giant's integrated business model showed why it's so in 2019: the potential for production cuts from the Alberta government. 1 Dec 2016 OPEC hashes out a major deal to cut oil production — and prices surge oil sands and deepwater projects need relatively high prices to make  27 Nov 2018 EARLIER THIS month the head of one of Canada's largest oil companies Canadian Select, the benchmark price for heavy crude from Alberta's oil sands. Nor is the Alberta government likely to legislate production cuts. 5 Dec 2019 The Drilldown: Syncrude oilsands reduces crude production by 1.6 If OPEC+ Announces a New Cut, It May Not Be Quite What It Seems  6 Mar 2020 Oil prices sank to multi-year lows on Friday as OPEC's allies rejected additional production cuts proposed by OPEC on Thursday. U.S. West  The introduction of mandatory production cuts by Alberta’s government that commenced on 1 January 2019 and cut oil output by 325,000 barrels daily have buoyed Canadian crude prices. After being announced in early December 2018, the discount applied to Western Canadian Select (WCS)

28 Feb 2019 Oil-by-rail efforts derailed by Alberta oil production cuts: analyst river as seen from a helicopter tour of the oil sands near Fort McMurray, Alta.

8 Mar 2020 Russia on Friday rejected an agreement with OPEC on cuts in oil supplies to bolster of the Petroleum Exporting Countries in a large production cut as the Canadian oil sands development, already lagging because of  Virtually all oil sands mines had year-over-year production gains in 2017, with the exception of Syncrude Canada's (Syncrude's) Aurora oil sands mine, which  30 Jan 2019 Last month, the province ordered production of raw crude oil and Rachel Notley says Alberta will ease mandatory oil production cuts, as value climbs Notley moves to restrict oilsands production in face of oil price crisis. 7. 4 Dec 2019 Texas Intermediate (WTI) crude, and light oil sold at a premium on Wednesday, after the Syncrude oil sands site cut December production. 10 Mar 2020 As a result, Cenovus estimates a 6-per-cent drop in its 2020 oil sands production, now hitting between 350,000 and 400,000 barrels a day (b/d)  27 Dec 2018 oil sands producers Cenovus Energy Inc. and Canadian Natural Resources Ltd., the government of Alberta has mandated production cuts for 

Mar 18, 2019 (Baystreet.ca via COMTEX) -- Imperial Oil (IMO) said on Friday that it had slowed down the development of its Aspen oil sands project, due to the market uncertainty that the mandatory production cuts in Alberta have created. Imperial Oil, alongside Suncor Energy (SU)

8 Mar 2020 Russia on Friday rejected an agreement with OPEC on cuts in oil supplies to bolster of the Petroleum Exporting Countries in a large production cut as the Canadian oil sands development, already lagging because of  Virtually all oil sands mines had year-over-year production gains in 2017, with the exception of Syncrude Canada's (Syncrude's) Aurora oil sands mine, which 

6 Feb 2019 The oil sands giant's integrated business model showed why it's so in 2019: the potential for production cuts from the Alberta government.

Cenovus still expects its full-year oil sands production this year to be within the previously announced forecast of 364,000 to 382,000 barrels per day, the company said. But it expects first quarter output to be below that, around 350,000 and 360,000 barrels per day.

6 Dec 2018 Legislating production cuts in free-market Alberta could not have been in the oil sands and focus more energy on value-added processing.

The company, along with Suncor Energy Inc. and Imperial Oil Ltd. has been highly critical of the mandatory production cuts introduced by the Alberta government at the start of 2019 aimed at buoying the price of Canadian crude. While highly successful, those cuts have caused the price Imperial Oil said on Friday that it had slowed down the development of its Aspen oil sands project, due to the market uncertainty that the mandatory production cuts in Alberta have created. Imperial Oil, alongside Suncor Energy and Husky Energy, has opposed the cuts across Crude oil production from Canada’s oil sands could rise by a million barrels from today’s average daily rate to as much as 4 million bpd in 2030 despite a slowdown in the annual growth rate

27 Nov 2018 EARLIER THIS month the head of one of Canada's largest oil companies Canadian Select, the benchmark price for heavy crude from Alberta's oil sands. Nor is the Alberta government likely to legislate production cuts.