to the U.S. Midwest, North America’s largest pipeline company and largest transporter of refined products, Trans Mountain Line: capacity to transport 300,000b/d from Edmonton to British Columbia (crude oil and petroleum products), Puget Sound System: via the Trans Mountain Line ships crude oil from Abbotsford, BC to Washington State with a capacity of 180,000b/d, Cochin Pipeline: transports diluents from Illinois to Fort Saskatchewan with a capacity of 95,000b/d, Second-largest oil pipeline system in western Canada, 9 pipelines for conventional and unconventional oil, Bitumen Line: from Fort McMurray to Edmonton, Crude oil ships from Portland, Maine to Montréal, Keystone Pipeline (2010): capacity to transport 591,000b/d of oil from Hardisty, Alta. New technology and innovation are critical to developing the oil sands and improving environmental performance. Review the recordings of past online events. The oil and gas industry in Canada, as in other regions, is generally divided into three main segments: upstream, midstream, and downstream. This is the
Canadian Association of Petroleum Producers Statistical Handbook Table 4-16B (Canada Oil Sands Expenditures), Alberta Energy Regulator ST98 (Alberta's Energy Reserves and Supply/Demand Outlook) table S3.1 (Crude bitumen production), United States Energy Information Administration (World Shale Gas Resources, Technically Recoverable Shale Oil Resources), Alberta Energy Regulator ST98 (Alberta's Energy Reserves and Supply/Demand Outlook) table R4.1 (Reserves and production changes in crude oil), table R4.5 (Conventional crude oil reserves as of each year-end), Canadian Association of Petroleum Producers Statistical table 2.1a (Crude Reserves), Environment and Climate Change Canada National Inventory Report 1990-2017: Greenhouse Gas Sources and Sinks in Canada, Alberta Government( Oil Sands Information Portal, Alberta Government Lower Athabasca Regional Plan, Canadian Association of Petroleum Producers, Canadian Association of Petroleum Producers (Crude Oil Forecast, Markets & Transportation), Oil Sands Magazine (Crude-By-Rail Loading & Offloading Terminals), Canada Energy Regulator (Canadian Crude Oil Exports by Rail – Monthly Data), GHG emissions per barrel of oil produced in the oil sands have, 50% of current production and 20% of oil sands reserves. The total mineable area is 4,800 squared kilometers, and the total area being mined is 953 squared kilometers. spending has already been cut. From 2011 to 2016 in western Canada, the number of oil wells completed has decreased from over 10,000 to less than 2,150. Rail exports of crude remained elevated throughout 2019, before surging again to a new peak average volume of 388,000 barrels per day in the first quarter of 2020. IHS Markit Activity Tracker has the #rigcount decreased by -12 from last week. The grade of the oil shale averaged 44.2 l/t. Canada has vast reserves of natural gas, particularly in British Columbia and Alberta. Learn more about shale and tight resources in Canada. Biofuels derived from renewable sources are a growing form of energy in Canada. to the U.S. Midwest.
Michael Muirhead is a Director of Consulting at IHS The mining process, which can be used in formations of 75 meters or less, represents 50% of current oil sands production and 20% of oil sand resources. quarter. Red depicts areas with tar sands extraction permits and leases. Sustainability drives the entire IHS Markit enterprise. what will likely be a period of protracted very low prices. Obtain the data you need to make the most informed decisions by accessing our extensive portfolio of information, analytics, and expertise. In 2018, Canada exported more than 3.6 million b/d to the U.S. – 99% of Canada’s oil exports go to the U.S. but with improved market access and infrastructure (pipelines) Canada could gain global market share, replacing less sustainably produced oil sources. Oil Canada has the third-largest oil reserves in the world. Throughout 2018 and 2019, imports of crude recommenced their growth, increasing to 0.82 and 0.84 million barrels per day, respectively. Map of oil-shale deposits in Canada (locations after Macauley, 1981). Alberta Energy (a ministry of the Government of Alberta) provides an interactive map with basic information on oil sand regions (and oil and gas more broadly) in Alberta.
Figure 1: Announced western Canadian energy capex cuts. Light tight oil (also called shale oil) is found in sedimentary rock characterized by very low permeability, typically shale rock. be protracted, deep with long lasting ramifications for western Most of Canada’s hydroelectricity is produced when water is stored in a reservoir behind a dam. Between 2008 and 20198, the monthly average price of Maya had a range of 13.6 dollars to 121.4 dollar whereas the monthly average price of Western Canada Select had a range of 3.50 dollars to 114.9 dollars. This long-term resource offers energy potential – about 1.7 trillion barrels of oil can be recovered, of which 165 billion barrels are in the oil sands. Of the 170 billion barrels of Canadian oil that can be recovered economically with today’s technology, 165 billion barrels are located in the oil sands. Find out how Canada’s crude oil ranks on an international scale: * includes crude oil, NGL, additives and other hydrocarbons (including the receipts of additives), ** Saudi Arabia and Kuwait reserves include the Saudi-Kuwaiti “neutral zone,” with total proved reserves of 5 billion barrels, * Shale formations are a subset of low permeability tight oil formations. The surface area of Canada’s oil sands resources is 142,200 squared kilometers and is largely found in Alberta. 162 billion are oil sands and 5.7 billion barrels are conventional. Kevin Birn is Vice President of the North American Crude To put that in perspective, 15 years ago oil sands output Broaden your knowledge by attending IHS Markit events that feature our subject-matter experts. activity—already at near record lows—is expected to fall Oil pipelines, as well as trucks, tanker ships and railways, transport crude oil between production areas, refineries, and export/import border points. Oil Markets team at IHS Markit. * Reserves known to exist and recoverable under current technological and economic conditions The number of completed wells has recovered somewhat since then, rising to 4,580 in 2017 and 4,685 in 2018, before declining again to 3,244 in 2019. There are numerous environmental challenges that the oil sands face to Canada’s air, water and land conservation.
During COVID-19, IHS Markit is offering more online events for the safety of our guests. According to the Canadian Wind Energy Association, in 2018 the total installed wind capacity in Canada is 12,800 megawatts (MW), or about 6% of Canada’s electricity demand. The in situ method, which can be used in formations that are deeper than 75 meters, represents 50% of current oil sands production and 80% of oil sand resources. It's how we do business by guiding our values and culture on the notion that we can make a difference. The mineral matrix is composed of dolomite, local calcite, and minor siderite with quartz, feldspar, some analcime, abundant illite, and minor amounts of smectite. broader. Canada has an extensive network of 840,000 kilometres of pipelines carrying crude oil to domestic and U.S. refineries. In 2013, Canada accounted for 2% of world biofuels production – fifth highest in the world after the United States, Brazil, the European Union and China (Natural Resources Canada). shock is unprecedented and the impact on the basin is expected to was two-thirds what is was in 2019.
When electricity generation is required, the water is released. Canada exported 3.7 million barrels per day to the U.S. in 2019, 98% of all Canadian crude oil exports. There are many different types of crude oil around the world, each with their own price: The monthly average prices of Brent and West Texas Intermediate crude oil, showing the differential between them. Markit estimates that in western Canada, over $US 6 billion in Water management is a key challenge of the oil sands extraction process. WEEKLY NEWSLETTER SIGN-UPEnergy news, site updates, oil prices and what’s moving world oil markets, delivered to your inbox every weekend: Suncor shelves Montreal coker project, in lieu of more barrels at Firebag, Alberta says yes to plastics, but no thanks to partial upgrading and oil refining, Imperial books a profit on its refining business, as upstream operations struggle to break-even, From upgrader to refinery to partial-upgrader: Value Creation hopes to revive Heartland Complex, Husky looks to sell BC refinery and exit the retail business, Alberta's NDP government takes another stab at boosting refining capacity, Discounts on Canadian crude finally start to narrow as Midwest refineries re-open for business, China offers support for new Edmonton refinery, Expanding Bruderheim and adding refining capacity - Cenovus hints at future growth plans, Husky purchases additional Midwest refining capacity and defers Canadian expansion, Chevron finds buyer for BC refinery and fuel distribution, A look at Canada's refining capacity and how we compare to the rest of the world, Vancouver's only refinery goes up for sale, Why Vancouver desperately needs a new oil refinery, Independent refiners benefit from low oil prices, 2019 CAPP CRUDE OIL FORECAST, MARKETS & TRANSPORTATION. The volume of crude oil exported by rail in the United States increased from nearly 16,000 barrels per day in the first quarter of 2012 to approximately 160,000 barrels per day in 2014. The crude bitumen from oil sands may be transported to upgraders for processing to make it lighter – “synthetic crude oil”. Of the 170 billion barrels of Canadian oil that can be recovered economically with today’s technology, 165 billion barrels are located in the oil sands. The Athabasca oil sands, also known as the Athabasca tar sands, are large deposits of bitumen or extremely heavy crude oil, located in northeastern Alberta, Canada – roughly centred on the boomtown of Fort McMurray.These oil sands, hosted primarily in the McMurray Formation, consist of a mixture of crude bitumen (a semi-solid rock-like form of crude oil), silica sand, clay minerals, and water. years. The oil sands accounted for 63% of Canada’s oil production in 2019 or 2.95 million barrels per day.
In 2019, seven mining projects in Alberta produced approximately 1.61 million barrels a day: Athabasca Oil Sands Project – Muskeg River (159 Mb/d) and Jackpine Mine (130 Mb/d), 50% of current production and 80% of resources. oil sands capex in 2020 may be at their lowest levels in over 15 **Reserves also include proved reserves of pentanes plus (a crude-oil equivalent that is associated with oil production). Nuclear plants are located in Ontario and one in New Brunswick. LATEST UPDATES.
Due to the regional nature of Canadian refining markets, Canada also imports some crude oil. Oil sands producers recycle around 75% of the water used in established mines and approximately 86% for in situ production. The oil-shale deposits of the lacustrine Albert Formation of Mississippian age are located in the Moncton sub-basin of the Fundy Basin that lies roughly between St. Johns and Moncton in southern New Brunswick. Canada’s oil sands sector is a high-tech, knowledge-based industry. At run-of-river facilities, water in a river directly spins a turbine to generate electricity. 2020 outlook and is particularly significant if one considers Reclamation means that land is returned to a self-sustaining ecosystem with local vegetation and wildlife.
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