Has concerns with Imperial Oil’s assumptions about its treatment technology performance will match actual results.
Production of upgraded bitumen could remain offline at its works north of Fort McMurray through July.
Will add three steam-driven well-pads that will send bitumen to its existing facilities.
Water-capping technology has been tested on site since 2012 and will be ready for a 10-year assessment in 2023.
Increase to 5.6 million bpd in the next 17 years mainly due to a rise in oil sands production to 4.2 million bpd.
Energy company is ramping up production of its Fort Hills oil sands mine, but has approved no other major growth projects in northern Alberta.
Plans beyond the next few years do not meet the AER’s requirements and government policy.
Environmental watchdog questions how the federal government enforces the Fisheries Act in relation to the giant ponds.
Some species were winners and some were losers, but all were affected.
Government has kept promises in principle, but not in execution.
Joins other energy players that have reduced their exposure in the oil sands.
Sherritt’s process creates a lighter barrel of oil that will flow in a pipeline without being diluted.
CERI scenario envisions production rising from 2.8 million bpd in 2017 to 4.1 million bpd in 2030.
Weather outage cuts into oil sands output; operations returned to normal by the end of February.
74 cent per share loss compared with a year earlier profit of $211 million or 25 cents per share.