JWN Energy Group’s Daily Oil Bulletin
12 March 2018
It’s time for the Alberta government to think outside the box. The province’s oil and gas industry was hammered hard by the 2014-16 collapse in international crude prices, and its revival has been less than stellar with prices rebounding to moderate levels. It has been widely argued that the age of the oilsands mega-project has come to an end. The high-cost, high-carbon resource is out of vogue, especially among international oil companies (IOCs) that have deserted the industry en masse, generally for the greener, lower risk pasture of U.S. light tight oil (LTO).