Alberta oil sands hit record production

Alberta's oil sands sector is achieving record-breaking production levels, cementing Canada's role as a reliable energy supplier. Canadian Natural Resources Limited (CNRL) has reached a record 1.6 million barrels of oil equivalent per day, boosted by its acquisition of the Albian Sands mines from Shell. Cenovus Energy is nearing a 1 million boe/d milestone, adding 110,000 boe/d of production through its acquisition of MEG Energy. Overall oil sands mining output has hit 1.7 million barrels per day of bitumen, with synthetic crude production up 3% to 1.3 million bbl/d, while operating costs remain competitive.