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Raging wildfires in Canada could shave off 0.1%-0.3% of the country’s real gross domestic production this month, according to an estimate from ATB Financial. The number of wildfires grew on Friday, to 93 distinct fires, with out-of-control blazes falling by 1 to 25, according to provincial data. The current hit to the country’s crude oil production is estimated at between 240,000 and 300,000 barrels per day, according to Rystad estimates. Rystad Energy warned previously that nearly 2.7 million barrels per day of Alberta oil sands production is in “very high” or “extreme” wildfire danger rating zones in the month of May. The fires have centered in the gas-centric region of western Alberta, with a few fires in oilsands areas. A half-hectare blaze that is out of control ripped through Connacher Oil & Gas’s Great Divide oilsands side yesterday afternoon. On Tuesday, Chevron Canada shut in all Kaybob Duvernay production. Meanwhile, ConocoPhillips said it had removed non-essential workers from its Surmont oilsands site due to a nearby wildfire—it later said it was in the process of returning those workers. Athabasca Oil shut in two facilities, Obsidian Energy took its Seal, Walrus, Peace River Harmon Valley South, and Nampa fields offline, […]
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