Canada Oil and Gas Report - Business Monitor International - Industry Reports

Canada Oil and Gas Report

Canada Oil and Gas Report - Business Monitor International - Industry Reports
Canada Oil and Gas Report
Published Oct 08, 2016
137 pages — Published Oct 08, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

We maintain our Canadian crude production forecast this quarter. The wildfires which surrounded Fort McMurray posed a limited threat to the sector s continued growth, with capacity gains continuing through ---- on the back of a strong upstream project pipeline. ...We maintain our Canadian crude production forecast this quarter. The wildfires which surrounded Fort McMurray posed a limited threat to the sector s continued growth, with capacity gains continuing through ---- on the back of a strong upstream project pipeline. We are reaffirmed in our negative outlook on long-term crude production growth in Canada following given sustained weakness of commodity prices. ...We forecast real GDP growth to decelerate from -.- in ---- to -.- this year. Beyond ----, we believe that a continued recovery could be vulnerable to tighter credit conditions and efforts to cool the housing market.

...We maintain our modest long-term reserve growth forecast for this quarter as strong downside pressure on both crude and natural gas prices discourages capital expenditures (capex) and reduces exploratory activity in both the oil and gas spaces. In July, the Alberta government introduced two new oil and gas royalty programs in an effort to encourage exploration of new acreage within the province. The more industry-friendly terms are part of a promised overhaul of the fee structure by the NDP government who took office in ----. The government of Newfoundland and Labrador released a new seismic report in August which claims that the deepwater West Orphan Basin could hold an estimated --.-bn bbl of crude, making it one of the largest offshore plays in the country. In September, Shell announced it had failed to discover any commercial hydrocarbons at its Cheshire L---A offshore exploration well in Canada s Shelburne Basin. ...In September, Shell announced it had failed to discover any commercial hydrocarbons at its Cheshire L---A offshore exploration well in Canada s Shelburne Basin. Shortly thereafter, the company confirmed it would continue on ---kn southwest to the Monterey Jack prospect later in the month.

...Shell and its partners delayed its final investment decision (FID) for its LNG Canada export terminal for a second time in July. The joint venture which also includes Mitsubishi, PetroChina and Kogas cited global industry challenges including capital constrains as reason for the delay. ...

  
Source:
Document ID
1748-3875
Country
Industry
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Canada Oil and Gas Report" Oct 08, 2016. Alacra Store. Dec 08, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Canada-Oil-and-Gas-Report-2026-345>
  
APA:
Business Monitor International - Industry Reports. (2016). Canada Oil and Gas Report Oct 08, 2016. New York, NY: Alacra Store. Retrieved Dec 08, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Canada-Oil-and-Gas-Report-2026-345>
  
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