BMI View: Increasingly challenging economics could slow the growth of oil-sands driven production, although we note that liquid-rich shales could be the new engine of crude output. Exploration in the country’s offshore acreage and unconventional resources could unearth more oil and gas reserves to support the country’s long-term growth prospects. The outlook for Canada’s oil and gas industry is still a rosy one, though its upstream potential needs more support from infrastructure development. The main trends and developments we highlight for Canada’s oil and gas sector are: ? We see a threat to growing oil reserves from oil sands projects. …
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