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Landlocked, Canada's oilpatch leans on tech to stay in the game

from Financial Post

Proceed with caution. That's how Canada's oil and gas sector is looking at 2018. After three years of depressed conditions, the new year is expected to bring improved, but still challenging energy prices, particularly in Western Canada. Much of the unease is about the lack of export pipelines and shipping options for both oil and gas out of the basin, which means increasing supplies remain heavily discounted. Two key prices reflect the infrastructure problem: Western Canadian oil is selling for about half the price of U.S. oil, while Western Canadian gas is selling for roughly 40 per cent of U.S. gas. more


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