S&P Global Energy

Calgary, AB – – September 29, 2026 -- Canadian oil sands production is projected to average a record 3.5 million barrels per day (b/d) in 2026, a 100,000 b/d increase of 3% over the prior year, according to S&P Global Energy's latest 10-year production outlook. Output is forecast to climb further to 3.9 million b/d by the early 2030s.

Production has grown almost every year since 2001, when output stood at just 300,000 b/d

The only exception was 2020, when COVID-19 disrupted demand. Most of the 2026 gains stem from optimization of existing facilities rather than new construction, S&P Global Energy said.

Newport Beach, Calif. – September 14, 2026 -- Maksim Markevich, Co-Founder and Chief Technology Officer of PVFARM, has been named a finalist in the Rising Star Individual category of the 2026 Platts Global Energy Awards, organized by S&P Global Energy. Winners of the 28th annual awards will be announced on September 14, 2026, following review by an independent panel of international energy experts.

Markevich is one of finalists selected from 36 countries, with more than 57% originating outside the United States. Other nations represented among finalists include Belgium, Denmark, Spain, Turkey and China, across 19 award categories spanning the global energy and chemicals value chain.