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The petroleum industry in Canada is also referred to as the "Canadian Oil Patch"; the term refers especially to upstream operations (exploration and production of oil and gas), and to a lesser degree to downstream operations (refining, distribution, and selling of oil and gas products). In 2005, almost 25,000 new oil wells were spudded (drilled ...
Although the conventional oil and gas industry in western Canada is mature, the country's Arctic and offshore petroleum resources are mostly in early stages of exploration and development. Canada became a natural gas -producing giant in the late 1950s and is second, after Russia, in exports; the country also is home to the world's largest ...
By 2013, Suncor and CNRL—Canada's two largest petroleum companies were also among top eleven of the country's most valuable companies. [13] In 2011, Canadian Natural Resources, overtook Suncor to become Canada's largest producer. Suncor produced 549,000 boe/d in 2012 only slightly higher than in 2011. [14]
For Canada's petroleum industry, the worst incident was the Ocean Ranger disaster of 1982. In that terrible tragedy the Ocean Ranger, a semi-submersible offshore rig drilling the Hibernia J-34 delineation well, went down in a winter storm.
The oil industry measures the weight of oil on terms of an artificial scale known as API (American Petroleum Institute) gravity. Ten degrees API is the gravity of water. Light oils use a higher API number. Generally heavier than water, bitumen typically has an API of 8-10 degrees API.
The petroleum industry, also known as the oil industry or the oil patch, includes the global processes of exploration, extraction, refining, transportation (often by oil tankers and pipelines ), and marketing of petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol).
Total crude oil production in Canada was projected to increase by an average of 8.6 percent per year from 2008 to 2011 as a result of new non-conventional oil projects. See also. Athabasca Oil Sands; History of the petroleum industry in Canada (oil sands and heavy oil) External links. Map of Canadian Oil and gas infrastructure
Farmers and small communities not served by natural gas adopted it for home heating fuel. In the early 1960s, markets for liquid petroleum gases grew rapidly. Companies responded by building "straddle" plants. These facilities straddled gas pipelines to extract additional volumes of gas liquids from the gas stream.