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Natural gas prices have surged nearly 25% over the last month. Energy experts attribute the rise to cold weather expected in January and geopolitical issues around the globe.
In 1985, the federal government and the provincial governments in Alberta, British Columbia and Saskatchewan agreed to deregulate the prices of crude oil and natural gas. Offshore oil Atlantic Canada is administered under joint federal and provincial responsibility in Nova Scotia and Newfoundland and Labrador. [79]
The British Columbia Energy Regulator (BCER), formerly the BC Oil and Gas Commission, is the Crown Corporation responsible for energy regulation in British Columbia, Canada. [1] Established in October 1998, it has offices in seven cities: Fort St. John, Fort Nelson, Kelowna, Victoria, Terrace, Dawson Creek, and Prince George.
Production in the other major OECD producers (the United States, United Kingdom, Norway and Mexico) at that time have been declining, as was conventional oil production in Canada. 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.
Both conflicts have kept upward pressure on oil prices this year. ... oil, and gas. We have more liquid gold than any country in the world. ... Nov. 6, 2024, in West Palm Beach, Fla. (AP Photo ...
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[33] In 2014, Canada Natural Resources described how federal-provincial agreements and accords had informed Canada's energy policy including the Western Accord on oil and gas pricing and taxation with the provinces of Alberta, Saskatchewan and British Columbia, the Agreement on Natural Gas Markets and Prices with Alberta, Saskatchewan and ...
Until Canadian crude oil accesses international prices like LLS or Maya crude oil by "getting to tidewater" (south to the U.S. Gulf ports via Keystone XL for example, west to the BC Pacific coast via the proposed Northern Gateway line to ports at Kitimat, BC or north via the northern hamlet of Tuktoyaktuk, on the Beaufort Sea), [177] the ...