Saturday, 30 March 2013

Canada Oil and Gas Report Q2 2013

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Canada Oil and Gas Report Q2 2013
Mar 27th 2013, 00:00

BMI View: Increasingly challenging economics could slow the growth of oil-sands driven production,although we note that liquid-rich shales could be the new engine of crude output. Exploration in thecountry''s offshore acreage and unconventional resources could unearth more oil and gas reserves tosupport the country''s long-term growth prospects. The outlook for Canada''s oil and gas industry is still arosy one, though its upstream potential needs more support from infrastructure development.The main trends and developments we highlight for Canada''s oil and gas sector are:? We see a threat to growing oil reserves from oil sand projects. Unfavourable economics have see...

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