{"id":7622,"date":"2018-04-27T13:21:21","date_gmt":"2018-04-27T17:21:21","guid":{"rendered":"http:\/\/lifeinsurance-orleans.ca\/Life-Insurance-Blog\/?guid=a0940bcb1dcdd226dfaf4b93c4519b8f"},"modified":"2018-04-27T13:21:21","modified_gmt":"2018-04-27T17:21:21","slug":"oilsands-get-a-taste-of-their-slower-growth-future-as-logjams-crush-output","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2018\/04\/27\/oilsands-get-a-taste-of-their-slower-growth-future-as-logjams-crush-output\/","title":{"rendered":"Oilsands get a taste of their slower-growth future as logjams crush output"},"content":{"rendered":"<p>Canada&#8217;s oilsands are experiencing a preview of the slower growth that&#8217;s to come.<\/p>\n<p>Husky Energy Inc. on Thursday became the second big oilsands producer to say that it throttled back first-quarter production in response to steeper discounts for Canadian crude. Those wider differentials stem from Alberta&#8217;s dearth of pipelines and railroads to haul crude to refiners. Rival oilsands company Cenovus Energy Inc. halted all investments in new projects until the pipeline mess is resolved.<\/p>\n<p>While Cenovus and Husky both billed their output slowdowns as temporary, the first-quarter hiccups foreshadow an era of shrinking gains in oilsands production.<\/p>\n<ul class=\"related_links\">\n<li><a href=\"http:\/\/business.financialpost.com\/commodities\/energy\/fire-injuries-at-wisconsin-refinery-adds-to-husky-energys-operational-woes\">Fire, injuries at Wisconsin refinery add to Husky Energy\u2019s operational woes<\/a><\/li>\n<li><a href=\"http:\/\/business.financialpost.com\/commodities\/energy\/cenovuss-big-bad-bet-on-oil-prices-leaves-it-with-massive-914-million-net-loss\">Cenovus Energy\u2019s big, bad bet on oil prices leaves it with massive $914-million net loss<\/a><\/li>\n<\/ul>\n<p>Output of bitumen and upgraded crude may grow 11 per cent to 2.98 million barrels a day this year, according to the Canadian Association of Petroleum Producers, boosted by megaprojects like Suncor Energy Inc.&#8217;s Fort Hills mine and an expansion at Canadian Natural Resources Ltd.&#8217;s Horizon mine.<\/p>\n<p>But those supply gains will taper off to 2.5 per cent next year and average less than 2 per cent annually through 2030 as pipeline and regulatory hurdles curtail investments in the world&#8217;s third-largest oil reserves, CAPP said.<\/p>\n<p>&#8220;The slower growth is reflective of continuing uncertainty as companies assess the impact of impending risks to their operating environment,&#8221; the trade group said in a report last year. &#8220;The economic competitiveness of the oilsands on a global scale is vital in order to attract capital to build for the future.&#8221;<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/\"><em>Bloomberg.com<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>First-quarter hiccups at Cenovus and Husky foreshadow an era of shrinking gains in oilsands production<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/7622"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=7622"}],"version-history":[{"count":2,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/7622\/revisions"}],"predecessor-version":[{"id":7626,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/7622\/revisions\/7626"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=7622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=7622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=7622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}