Why cost-cutting in the oilsands has made Canadian crude attractive in the U.S.: Andrew Lamb comments in The Logic

Speaking recently with The Logic, Andrew Lamb, head of oil and gas at Gowling WLG, provided his perspective on the significant cost-cutting measures made by Canada’s oilsands producers. The article explores the industry's response to volatile market conditions and increasing sustainability expectations.

“[The American oil and gas industry] has sunk a lot of capital into export terminals and export infrastructure,” Lamb said. “They’re not going to be keen on turning off all that infrastructure. They’re only going to do that if they can get a higher price for their oil inside the United States as opposed to overseas.”

To read the full article, click the link below (subscription may be required):

• Canada oilsands cost-cutting faces scrutiny in volatile market – The Logic

About Gowling WLG’s Oil and Gas Group

Gowling WLG’s Oil and Gas Group provides practical, forward-thinking advice across the full spectrum of energy projects, transactions, and disputes. With deep sector knowledge and a global reach, our team is uniquely positioned to help clients navigate the complex challenges and opportunities shaping the oil and gas industry today.