Oil sands production cuts

21 Aug 2019 While some oil sands operators welcomed the news, others, which have both upstream and downstream operations, criticized them. At the time,  15 Mar 2019 Canada's Imperial Oil has announced that it has slowed development on its major oil sands project as a result of Alberta's production cuts.

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) 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.

The company is calling on the Alberta government to implement 'temporary' production cuts across the oil sector. One of the country's largest oilsands players, Cenovus Energy, is urging the Alberta government to implement "temporary" production cuts across the oil sector as Canadian crude prices continue to struggle.

9 Mar 2020 CALGARY — World oil prices are in free fall after Saudi Arabia slashed its talks with Russia broke down without an agreement on production cuts. made of oilsands bitumen and light oil that allows for better pipeline flow. 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 

Despite the cuts that begin Jan. 1, Canada's largest integrated oil and gas company forecasts production will grow by 10 per cent in 2019 on a stand-pat budget of between $4.9 billion and $5.6

17 Mar 2019 That spurred the government of Alberta, where most oil-sands projects are located, to mandate production cuts to drain a glut of crude in  9 Mar 2020 CALGARY — World oil prices are in free fall after Saudi Arabia slashed its talks with Russia broke down without an agreement on production cuts. made of oilsands bitumen and light oil that allows for better pipeline flow. 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) 

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.

4 May 2016 Canada's oil sands cuts production as wildfire forces mass evacuation. Fort McMurray's 80,000 residents have been forced to flee. (Image from  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)

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 

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  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.

14 Nov 2018 Production Cuts to Drive Up Tar Sands/Oil Sands Revenue Cenovus was one of a handful of fossils that cut production earlier this month  4 May 2016 Canada's oil sands cuts production as wildfire forces mass evacuation. Fort McMurray's 80,000 residents have been forced to flee. (Image from  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