Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2016-02-28 20:45:00

CANADIAN OIL UP

CANADIAN OIL UP

 

CANADA OIL PRODUCTION 2010 - 2017

 

Despite lower crude oil prices, EIA expects Canadian oil production to continue increasing through 2017. Canadian oil sands projects that were already under construction when prices began to fall in 2014 and that are expected to begin production in the next two years are the main driver of production growth.

Production of petroleum and other liquids in Canada, which totaled 4.5 million barrels per day (b/d) in 2015, is expected to average 4.6 million b/d in 2016 and 4.8 million b/d in 2017. This increase is driven by growth in oil sands production of about 300,000 b/d by the end of 2017, which is partially offset by a decline in conventional oil production.

Oil sands production continues to grow even as global crude oil prices have declined significantly. Prices of heavy (dense) Canadian crude oil are linked to the Western Canadian Select (WCS) benchmark, an index of different conventional and synthetic crude oils. WCS has traded about $15 to $20 per barrel (US $/b) lower than U.S. benchmark West Texas Intermediate (WTI) crude oil since early 2014, because WCS has to be transported over a longer distance to refineries and—because of its density and quality—it is more difficult to process into petroleum products. The average price for WCS in January 2016 was $18.42/b, about $15/b below WTI.

WCS prices at these levels suggest that many oil sands projects may be operating at a loss. However, such projects are designed to operate over a period of 30 to 40 years and can withstand volatility in crude oil prices. Additionally, the cost to shut down an existing oil sands project is estimated to be in the range of $500 million to $1 billion, which may exceed the operating losses a producer might experience in the short term. Although some new projects are expected to come online in 2016, many more have been postponed until oil prices increase. EIA's forecast for oil prices over the next two years (see figure below) is expected to allow new projects to earn a return over their running cost. Some producers may opt to decrease production volumes by delaying maintenance or allowing natural production declines. However, these scenarios are not included in this forecast.

 

OIL PRICES 2009 - 2017

 

eia.gov

-----

More: 

U.S. RIGS DOWN 30 

MUST TO CUT $24 BLN 

SUNCOR NET LOSS $2 BLN 

CANADIAN OIL INVESTMENTS DOWN 

CANADA'S LONG-TERM EFFECTIVENESS

 

 

Tags: CANADA, OIL, PRODUCTION

Chronicle:

CANADIAN OIL UP
2018, February, 16, 23:15:00

DEWA INVESTS $22 BLN

AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.

CANADIAN OIL UP
2018, February, 16, 23:10:00

TRANSCANADA NET INCOME $3.0 BLN

TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.

CANADIAN OIL UP
2018, February, 16, 23:05:00

RUSSIAN NUCLEAR FOR CONGO

ROSATOM - February 13, 2018, Moscow. – ROSATOM and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo today signed a Memorandum of Understanding on cooperation in the field of peaceful uses of atomic energy.

CANADIAN OIL UP
2018, February, 16, 23:00:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.

All Publications »