Economic Outlook for Canada?s Energy Sector Terry Abel Director, Oil Sands 1 Canadian Energy Supply Chain Forum October 2014
? Represents large and small producer member companies. ? Members explore for, develop and produce natural gas, natural gas liquids, crude oil, and oil sands throughout Canada. ? Produce about 90 per cent of Canada?s natural gas and…
? Global energy demand will continue to grow. ? Population increases. ? Higher standard of living. ? Continued reliance on hydrocarbon resources despite growth in renewables. ? 82% in 2011; 78% is forecast for 2035. ? Shift to…
Growth in Canadian Energy Production
- 20.00 40.00 60.00 80.00 100.00 120.00 140.00 2010 A J O 2011 A J O 2012 A J O 2013 A J O 2014 A J US$/bbl Brent Spot WTI NYMEX Cdn Lt Swt WCS Posted WTI Premium to WCS Factors Impacting Growth ? Crude Oil Prices
Factors Impacting Growth ? Transportation Enbridge Mainline Trans Mountain Express PADD IV
0 20 40 60 80 100 120 140 Upstream Oil & Gas Auto Manufacturing Forestry & Logging Wheat & Barley Uranium Annual Revenues ($ Billions) Major Canadian Products Industries Source: ARC Financial & CAPP ? Payments to…
9 Note: Excludes spending on mergers & acquisitions Western Canada 2013 2014E 2015F $39 $36 $35 Western Canada 2013 2014E 2015F $39 $36 $35 East Coast Offshore 2013 2014E 2015F $3.9 $3.5 $3.5 East Coast Offshore 2013 2014E…
Diversity of Supply Chain 10 Suppliers to Canada?s Oil Sands (# of Companies by Region)
Aboriginal Business With Oil Sands Developers ?Athabasca Region Aboriginal Businesses: ? Revenues of $1.9B in 2013. ? $10B in revenues over last 15 years. ?Employment: ? Over 1,700 aboriginal employees in permanent jobs. Diversity…
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