A new report by Canada’s largest association of petroleum companies projects that the country’s oil production will double to 6.7 million barrels per day (bpd) by 2030 as a result of increased production in Northern Alberta’s oil sands region. The outlook, published by the Canadian Association of Petroleum Producers, estimates that production in the oil sands will increase from 1.8 […]
Read moreCanadian energy producers exported over $120 billion worth of energy products in 2011, which constituted over 25 percent of the $462 billion worth of goods/services exported from Canada that year. The sizeable contribution made by the oil and gas sector to Canada’s export revenue helped shore up the value of the Canadian dollar, which enhanced Canadians’ purchasing power internationally and […]
Read moreThe Albertan metropolises, Calgary and Edmonton, will have the fastest economic growth in Canada this year, followed closely by Regina, Saskatchewan, according to a forecast by the Conference Board of Canada’s Metropolitan Outlook-Autumn 2012, released today. Alberta is expected to benefit from high levels of energy-industry-related investment for the next four years, which will help fund economic growth of 3.8 […]
Read more