Table of Contents• Chapter 1 Overview of Canada’s Energy Industry• Chapter 2 Major Canadian Energy Producers &Major Pipeli...
Chapter 1Overview Of Canada’s Energy IndustryMajor Topics• Canada Overview• Canada’s Reduced Revenues From Crude OilDiscou...
Chapter 1 Major Topics• Canada’s East Coast Oil Fields & Beaufort Sea• Vast Oil Sands• Environmental Impacts of Oil Sands•...
Chapter 1 Major Topics• Major Refineries• Existing Pipelines Which Extend Into The U.S.• Refinery Upgrades In The U.S. Whi...
Canada Overview
Canada Overview• Canada’s Population Is Over 34 Million People• Canada Has A Vast Array of Natural Resources• Possesses On...
Fundamental Factors Which Will DriveDemand For Canada’s Crude Oil
Fundamental Factors Which Will DriveDemand For Canada’s Crude Oil• Global Crude Oil Demand Exceeds 90 MillionBarrels Per D...
East Coast Oil Fields & Beaufort Sea
East Coast Oil Fields & Beaufort Sea• Hibernia Crude Oil Production Began in 1997,& Peaked In 2003, Reaching 220,000 Bpd• ...
Vast Oil Sands
Vast Oil Sands• Canada Possesses the World’s Third LargestOil Reserves Behind Venezuela & Saudi Arabia• Canada Contains 1....
Environmental Impacts Of Oil Sands
Environmental Impacts Of Oil Sands• Major Environmental Impacts Include:• Land Reclamation• Reducing Fresh Water Consumpti...
Major Refineries
Major Refineries• There Are 17 Refineries, Within Canada,Which Are Utilized To Convert Crude Oil IntoRefined Products• Maj...
Major Upgraders
Major Upgraders• Upgraders Are Utilized To Covert Bitumen IntoSynthetic Crude Oil• Synthetic Crude Oil Is Then Sent to Ref...
Major Proposed Pipelines
Major Proposed Pipelines• TransCanada Keystone XL Pipeline• Enbridge Northern Gateway Pipeline• Kinder Morgan TransMountai...
Northern Gateway Opposition
Northern Gateway Opposition• Groups Opposed To The Northern GatewayPipeline Include: Greenpeace, The Sierra Club,& The Nat...
Refinery Upgrades In The U.S. WhichProcess Heavy Crude Oil
Refinery Upgrades In The U.S. WhichProcess Heavy Crude Oil• Marathon’s Detroit Heavy Oil Upgrade Project• Cenovus Energy &...
Prolific Natural Gas Regions
Prolific Natural Gas Regions• Duvernay Shale Is Located In Alberta• Montney Shale Is Located In Alberta & BritishColumbia•...
Major LNG Projects
Major LNG Projects• Kitimat LNG Is 50 Percent Owned By Chevron& Apache• Prince Edward LNG Is 90 Percent Owned ByPetroNas, ...
Major Chinese Energy TransactionsWith Canadian Energy Companies
Major Chinese Energy TransactionsWith Canadian Energy Companies• CNOOC Purchases Nexen• Sinopec Purchases Syncrude Stake F...
Chapter 2Major Energy Producers• Canadian Natural Resources• Cenovus Energy• Encana• EOG Resources• Husky Energy• Imperial...
Major Canadian Energy Companies
• Core Operating Regions, Include:• 2012 Revenues Totaled C$16.1 Billion• 2012 Net Income Totaled C$1.8 Billion• Produced ...
Cenovus Energy• Primary Operating Region Is In Canada• Very Aggressive Plans To Increase Total Crude OilProduction To Over...
Encana• Encana Is The Largest Producer Of NaturalGas, in Canada• Encana’s Natural Gas Production Averaged 3Billion Cubic F...
EOG Resources• EOG Resources Has Operations In Several Regions,Which Include:• Since 2007, EOG Has Increased Its Crude Oil...
Husky Energy• Husky Energy Has Operations In Canada & InThe U.S.• Husky Is A Fully Integrated Oil Company,Which Holds Sign...
Imperial Oil• Major Operating Region Is In Canada• ExxonMobil Owns 69.6 Percent Stake InImperial Oil• Imperial Oil Plans T...
Nexen• Nexen Has Operations In Several Regions, Which Include:• In 2012, Nexen Produced An Average Of 198,000 Barrels OfOi...
Suncor Energy• Suncor Is Canada’s Largest Energy Company• Suncor’s Merger With Petro-Canada HasGreatly Enhanced Its Financ...
Syncrude Canada Ltd.• Syncrude Canada Ltd. Operates The LargestOpen Pit Mining Operation, In Canada• In 2012, Syncrude Pro...
Talisman Energy• Talisman Energy Operates In Three CoreRegions, Which Include: The America’s, TheNorth Sea, & SouthEast As...
Chapter 2Major Pipeline Operators• Enbridge• TransCanada
Major Pipeline Operators
Enbridge• Enbridge’s Network Of Pipelines Extends MoreThan 51,000 Miles• In 2012, Enbridge Announced C$14 BillionWorth Of ...
TransCanada• TransCanada Has Announced More Than $13Billion of Energy Infrastructure Projects In2012, & Into 2013• TransCa...
Prices Of Brent, West TexasIntermediate, (WTI), & WesternCanadian Select, (WCS)
Prices Of Brent, West TexasIntermediate, (WTI), & WesternCanadian Select, (WCS)• From 2001-2012, Brent Prices Have Increas...
Conclusion• Canada Is In An Enviable Position In Relation To Other EnergyProducing Nations• Canada Is In The Early Stages ...
Sources
Canada Will Emerge As An Energy Superpower
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Canada Will Emerge As An Energy Superpower

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Canada Will Emerge As An Energy Superpower

  1. 1. Table of Contents• Chapter 1 Overview of Canada’s Energy Industry• Chapter 2 Major Canadian Energy Producers &Major Pipeline Operators• Prices of Brent, West Texas Intermediate, (WTI), &Western Canadian Select, (WCS) From Years2001-2012• Conclusion
  2. 2. Chapter 1Overview Of Canada’s Energy IndustryMajor Topics• Canada Overview• Canada’s Reduced Revenues From Crude OilDiscounts• Fundamentals Which Will Drive Demand ForCanada’s Crude Oil• Fundamentals Which Will Drive Demand ForCanada’s Natural Gas• Different Grades of Canadian Crude Oil
  3. 3. Chapter 1 Major Topics• Canada’s East Coast Oil Fields & Beaufort Sea• Vast Oil Sands• Environmental Impacts of Oil Sands• Major Upgrading Facilities• Major Proposed Pipelines• Northern Gateway Opposition
  4. 4. Chapter 1 Major Topics• Major Refineries• Existing Pipelines Which Extend Into The U.S.• Refinery Upgrades In The U.S. Which Process HeavyCrude Oil• Prolific Natural Gas Regions• Major LNG Projects• Major Chinese Energy Transactions With CanadianEnergy Companies
  5. 5. Canada Overview
  6. 6. Canada Overview• Canada’s Population Is Over 34 Million People• Canada Has A Vast Array of Natural Resources• Possesses One Of The Strongest BankingSystems Globally• Comprised Of 10 Major Provinces & ThreeTerritories• A Contributor To Canada’s Fiscal Deficit In2012, Was Due To Wide Price DifferentialsBetween Brent, WTI, & WCS
  7. 7. Fundamental Factors Which Will DriveDemand For Canada’s Crude Oil
  8. 8. Fundamental Factors Which Will DriveDemand For Canada’s Crude Oil• Global Crude Oil Demand Exceeds 90 MillionBarrels Per Day• Global Vehicle Demand Growing Very Rapidly• Total Worldwide Aircraft Expected To Double,By 2030• Continued Geopolitical Risk In The Middle East& Africa
  9. 9. East Coast Oil Fields & Beaufort Sea
  10. 10. East Coast Oil Fields & Beaufort Sea• Hibernia Crude Oil Production Began in 1997,& Peaked In 2003, Reaching 220,000 Bpd• Terra Nova Achieved First Oil In 2002, &Peaked in 2003, Reaching 125,000 Bpd• White Achieved First Oil In 2005, & At PeakProduction Produces 140,000 Bpd• ExxonMobil Estimates That Hebron WillUltimately Yield Over 700 Million Barrels OfCrude Oil, Over Its Reserve Life
  11. 11. Vast Oil Sands
  12. 12. Vast Oil Sands• Canada Possesses the World’s Third LargestOil Reserves Behind Venezuela & Saudi Arabia• Canada Contains 1.8 Trillion Barrels OfBitumen, Of Which 169 Billion AreRecoverable Using Today’s Technology• Canada’s Vast Oil Sands Are RecoveredThrough Two Major Methods: Surface Mining,In-Situ Drilling, (SAGD)
  13. 13. Environmental Impacts Of Oil Sands
  14. 14. Environmental Impacts Of Oil Sands• Major Environmental Impacts Include:• Land Reclamation• Reducing Fresh Water Consumption &Implementing Recycling Water Plants• Carbon Emissions• Wildlife Safety• Tailings Ponds
  15. 15. Major Refineries
  16. 16. Major Refineries• There Are 17 Refineries, Within Canada,Which Are Utilized To Convert Crude Oil IntoRefined Products• Major Energy Companies Within Canada OwnRefineries, Which Include: Husky Energy,Imperial Oil, & Suncor Energy• Shell, & Chevron Also Own Refineries WithinCanada
  17. 17. Major Upgraders
  18. 18. Major Upgraders• Upgraders Are Utilized To Covert Bitumen IntoSynthetic Crude Oil• Synthetic Crude Oil Is Then Sent to RefineriesWhere It Can Be Converted Into RefinedProducts• Several Major Energy Companies WithinCanada Own Upgraders, Which Include:Canadian Natural Resources, Husky Energy,Nexen, Suncor Energy, & Syncrude CanadaLtd.
  19. 19. Major Proposed Pipelines
  20. 20. Major Proposed Pipelines• TransCanada Keystone XL Pipeline• Enbridge Northern Gateway Pipeline• Kinder Morgan TransMountain Oil SandsPipeline• TransCanada East Coast Pipeline• Trunkline System Conversion
  21. 21. Northern Gateway Opposition
  22. 22. Northern Gateway Opposition• Groups Opposed To The Northern GatewayPipeline Include: Greenpeace, The Sierra Club,& The Natural Resource Defense Council• Environmentalists Are Concerned AboutPipeline Ruptures & Increasing Tanker Traffic• British Columbia Government Is Also HighlyOpposed To Northern Gateway
  23. 23. Refinery Upgrades In The U.S. WhichProcess Heavy Crude Oil
  24. 24. Refinery Upgrades In The U.S. WhichProcess Heavy Crude Oil• Marathon’s Detroit Heavy Oil Upgrade Project• Cenovus Energy & Phillips 66 Wood RiverRefinery• Motiva Enterprises Port Arthur, Texas Refinery• BP’s Whiting Refinery
  25. 25. Prolific Natural Gas Regions
  26. 26. Prolific Natural Gas Regions• Duvernay Shale Is Located In Alberta• Montney Shale Is Located In Alberta & BritishColumbia• Muskwa Shale Is Located In Alberta• Horn River Basin is Located In British Columbia
  27. 27. Major LNG Projects
  28. 28. Major LNG Projects• Kitimat LNG Is 50 Percent Owned By Chevron& Apache• Prince Edward LNG Is 90 Percent Owned ByPetroNas, & 10 Percent Owned By JAPEX• LNG Canada Is A Partnership Between Shell,PetroChina, KOGAS, & Mitsubishi Corp
  29. 29. Major Chinese Energy TransactionsWith Canadian Energy Companies
  30. 30. Major Chinese Energy TransactionsWith Canadian Energy Companies• CNOOC Purchases Nexen• Sinopec Purchases Syncrude Stake FromConocoPhillips• PetroChina Forms Joint Venture With Encana
  31. 31. Chapter 2Major Energy Producers• Canadian Natural Resources• Cenovus Energy• Encana• EOG Resources• Husky Energy• Imperial Oil• Nexen• Suncor Energy• Syncrude Canada Ltd.• Talisman Energy
  32. 32. Major Canadian Energy Companies
  33. 33. • Core Operating Regions, Include:• 2012 Revenues Totaled C$16.1 Billion• 2012 Net Income Totaled C$1.8 Billion• Produced An Average Of 654,000 Barrels OfOil Equivalent, In 2012• Canada • West Africa• North Sea
  34. 34. Cenovus Energy• Primary Operating Region Is In Canada• Very Aggressive Plans To Increase Total Crude OilProduction To Over 500,000 Bpd, By 2021• In 2012, Cenovus’ Revenues Totaled $16.84Billion• In 2012, Cenovus’ Net Income Totaled $993Million• Downstream Refineries Contribute SignificantlyTo Financial Performance
  35. 35. Encana• Encana Is The Largest Producer Of NaturalGas, in Canada• Encana’s Natural Gas Production Averaged 3Billion Cubic Feet, In 2012In 2012, Encana’s Revenues Totaled $5.1Billion• In 2012, Encana Incurred Net Losses Totaling$2.7 Billion
  36. 36. EOG Resources• EOG Resources Has Operations In Several Regions,Which Include:• Since 2007, EOG Has Increased Its Crude Oil &Natural Gas Liquids Production By Over 400 Percent• In 2012, EOG’s Revenue’s Totaled $11.6 Billion• In 2012, EOG’s Net Income Totaled $570 Million• Canada • Trinidad• United States • China• North Sea
  37. 37. Husky Energy• Husky Energy Has Operations In Canada & InThe U.S.• Husky Is A Fully Integrated Oil Company,Which Holds Significant Acreage In Canada’sVast Oil Sands Region• In 2012, Husky’s Revenues Totaled C$22.74Billion• In 2012, Husky’s Net Income Totaled C$2.01Billion
  38. 38. Imperial Oil• Major Operating Region Is In Canada• ExxonMobil Owns 69.6 Percent Stake InImperial Oil• Imperial Oil Plans To Increase Its Upstream OilProduction To Nearly 600,000 Bpd, By 2020• 2012 Revenues Totaled C$31.1 Billion• 2012 Net Income Totaled C$3.7 Billion
  39. 39. Nexen• Nexen Has Operations In Several Regions, Which Include:• In 2012, Nexen Produced An Average Of 198,000 Barrels OfOil Equivalent• In 2012, Nexen’s Revenues Totaled C$6.71 Billion• In 2012, Nexen’s Net Income Totaled C$333 Million• CNOOC Closed The Acquisition Of Nexen For C$15.1 Billion,in February 2013• Canada • West Africa• North Sea • Gulf Of Mexico
  40. 40. Suncor Energy• Suncor Is Canada’s Largest Energy Company• Suncor’s Merger With Petro-Canada HasGreatly Enhanced Its Financial Performance• In 2012, Suncor’s Revenues Totaled C$38.6Billion• In 2012, Suncor’s Net Income Totaled C$2.78Billion• Produced 549,000 Barrels Of Oil Equivalent, In2012
  41. 41. Syncrude Canada Ltd.• Syncrude Canada Ltd. Operates The LargestOpen Pit Mining Operation, In Canada• In 2012, Syncrude Produced An Average Of286,500 Bpd Of Its Synthetic Crude Oil, (SCO)• Syncrude Has Produced Over 2 Billion BarrelsOf Crude Oil, Since Its Inception• Syncrude Operates a Management ServicesAgreement With ExxonMobil & Imperial Oil ToEnhance Operational Excellence
  42. 42. Talisman Energy• Talisman Energy Operates In Three CoreRegions, Which Include: The America’s, TheNorth Sea, & SouthEast Asia• Talisman Produced An Average Of 426,000Barrels Of Oil Equivalent, In 2012• In 2012, Talisman’s Revenues Totaled $7.31Billion• In 2012, Talisman’s Net Income Totaled $132Million
  43. 43. Chapter 2Major Pipeline Operators• Enbridge• TransCanada
  44. 44. Major Pipeline Operators
  45. 45. Enbridge• Enbridge’s Network Of Pipelines Extends MoreThan 51,000 Miles• In 2012, Enbridge Announced C$14 BillionWorth Of Projects To Construct Over The NextSeveral Years• Constructing Major Energy InfrastructureWithin Canada & The U.S.• 2012 Revenue Totaled C$25.3 Billion• 2012 Net Income Totaled C$610 Million
  46. 46. TransCanada• TransCanada Has Announced More Than $13Billion of Energy Infrastructure Projects In2012, & Into 2013• TransCanada’s Natural Gas Pipeline NetworkExtends More Than 42,500 Miles• 2012 Revenues Totaled $8.07 Billion• 2012 Net Income Totaled $1.29 Billion
  47. 47. Prices Of Brent, West TexasIntermediate, (WTI), & WesternCanadian Select, (WCS)
  48. 48. Prices Of Brent, West TexasIntermediate, (WTI), & WesternCanadian Select, (WCS)• From 2001-2012, Brent Prices Have IncreasedFrom $24.41 To $111.65• From 2001-2012, West Texas Intermediate,(WTI), Have Increased From $25.91 To $94.12• From 2004 -2012, Western Canadian Select,(WCS), Increased From $27.99 To $71.80
  49. 49. Conclusion• Canada Is In An Enviable Position In Relation To Other EnergyProducing Nations• Canada Is In The Early Stages Of Building Out Its CriticalEnergy Infrastructure• The Canadian Government Is Determined To Progress WithEnergy Projects & Is Reforming Its Regulatory Process ToExpedite Energy Approvals• Canada Has Major Opportunity To Displace Imported CrudeOil Along The U.S. Gulf Coast• Because Canada Has Massive Energy Quantities, And IsBuilding Out Its Critical Energy Infrastructure, Canada WillEmerge As An Energy Superpower
  50. 50. Sources
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