Canada Oil Sands Force Majeure Adds to Supply Woes
(Bloomberg) -- Syncrude Canada Ltd., a light crude producer majority-owned by Suncor Energy Inc., cut September supplies due to a mechanical disruption at its oil sands site, according to a person familiar with the situation.
In a force majeure notice sent by one of Syncrude’s four owners earlier this month, customers were informed of a supply cut of as much as 20% in September, the person said, asking not to be named because they are not allowed to publicly discuss the matter. Requests for comment to Suncor and fellow owners Imperial Oil Ltd., Sinopec Canada and CNOOC Ltd. weren’t immediately returned.
Syncrude’s upgrader, which turns mined bitumen from the oil sands of northern Alberta into light synthetic crude, produced about 275,000 barrels a day between January and May, Alberta Energy Regulator data show.
The supply cut out of Canada happens as oil production in the Gulf of Mexico has been slow to recover from Hurricane Ida, which struck the Louisiana coast on Aug. 29 and forced the shut-in of most offshore production in the region. Almost 300,000 barrels a day of Gulf of Mexico crude output remains down due to the impact of the storm.
© 2021 Bloomberg L.P.
What do you think? We’d love to hear from you, join the conversation on the
Rigzone Energy Network.
The Rigzone Energy Network is a new social experience created for you and all energy professionals to Speak Up about our industry, share knowledge, connect with peers and industry insiders and engage in a professional community that will empower your career in energy.
- Russia To Talk Green Projects And Lifting Gazprom's Sanctions At COP26
- China Must Hold Energy Supply Security In ‘Its Own Hands’, Xi Says
- Prosafe To Work On Elgin Field For TotalEnergies
- U.S. Stockpiles In Cushing Reaching Historically Worrying Levels
- Shell Could Miss Its Own Emission Reduction Goals