Canada’s oil production may see a small increase this year as new projects come online, but the good news stops there for the industry that has seen a 62 percent decline in investment since 2014 Canada’s oil production could see a small increase this year as several major projects that were planned before the collapse in oil prices reach their completion. But the project pipeline, so to speak, looks pretty empty beyond the current crop of projects under construction. Canada produced 4.5 million barrels of oil per day (mb/d) in 2015, which could rise slightly to 4.6 mb/d this year and 4.8 mb/d in 2017 as a few major projects finish up. However, according to the comments from several executives at the top oil sands companies – Suncor Energy, Cenovus Energy and Meg Energy – the megaprojects of yesteryear are likely a thing of the past. Speaking at […]