How the Oil Sands Became the Lowest-Cost North American Producer

How the Oil Sands Became the Lowest-Cost North American Producer

After the oil price crash of 2014-15, global energy majors like BP (NYSE:BP), Chevron (NYSE:CVX), and TotalEnergies (NYSE:TTE) sold their interests in the Canadian oil sands, at the time classifying their Canadian operations as among the most expensive and least profitable. Thus, the majors redirected capital to cheaper oil production, favoring US shale for its quicker drilling time and returns. They may end up regretting that decision. Accordin…

CANADA'S OIL SANDS EMERGE: Lower Costs See Oil Sands Emerge as One of North America’s Most Attractive Plays - Energy News, Top Headlines, Commentaries, Features & Events

Analysts call for more pipeline capacity amid tightening global heavy oil market By Will Gibson Alberta’s oil sands have emerged as one of North America’s most attractive oil plays as costs rise in competing basins like the Permian in Texas, according to a recent report. The oil sands hold 177 billion barrels of proved reserves, making it the ...

Lower costs see oil sands emerge as one of North America’s most attractive plays

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