Alberta’s new energy minister had a lot of positive things to say about Alberta’s oil and gas sector. But what about everything he left out?
Tag: oil & gas
This may come as a shock to some people, but it appears that the federal Liberal government is doing a pretty horrible job of shutting down Alberta’s oil and gas industry.
Despite generating nearly $1 billion in more corporate tax revenue last year, the oil and gas sector still accounted for just 16.65% of total corporate profit tax revenue.
The new plant will increase natural gas consumption in Alberta.
The federal government is getting in on the deal, too, propping up the American company by an additional $300 million.
According to new Statistics Canada data, Alberta was producing record oil levels this summer. But they were doing it with thousands of fewer workers.
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Alberta oil exports increased 8% last year
Despite UCP politicians insisting that Justin Trudeau is preventing Alberta from exporting oil, the amount of crude oil leaving the province last year surpassed the previous two years.
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Active drilling wells in AB drop to 85
This marks 3 months in a row with the number of active drilling wells declining.
Earlier this month, Statistics Canada updated statistics for capital expenditures in the national oil and gas sector. The statistics now run from the first quarter of 2013 to the first quarter of 2022. Capital expenditures are what companies spent on such things as machinery, equipment, and buildings, as well as major repairs to these goods […]
Even though total production has been higher under the UCP, the pace at which it has grown has slowed.