BMI View: We maintain our modest growth outlook for Canada's oil and gas industry given continuedheadwinds in both the upstream and midstream sectors amid sustained commodity price weakness. Thegreatest threats are unfavourable project economics and regulatory headwinds -which will discourage large-scale oil sands capacity growth beyond 2019, much-needed midstreamexpansions and LNG terminal development.
Latest Updates and Key Forecasts
We maintain our upbeat forecast for Canadian crude production this quarter. 2017 will be a strong growthyear with the Hebron offshore platform alongside the Fort Hills and Horizon oil sands projects comingonline, adding an estimated 390,000b/d of productive capacity.