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CS - Oil sands output from foreign companies declined in last 4 years - September 2019
Oil sands production from non-Canadian companies declined more than 11% over the past four years, according to an analysis of Alberta Energy Regulator output numbers by The Canadian Press. As foreign companies have cashed out of the sector, their oil sands production has dropped from 647,000 bo/d in 2014 to 573,000 bo/d in 2018. During that same period, Canada’s overall oil sands output has increased 46% from 1.98 MMbo/d to 2.90 MMbo/d, but foreign......
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