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In his blog entitled "Canadian Oil and Gas: The First 100 Years", Peter McKenzie-Brown said that the "early uses of petroleum go back thousands of years.But while people have known about and used petroleum for centuries, Charles Nelson Tripp was the first Canadian to recover the substance for commercial use.
Most of the oil companies exploring for oil in Alberta were of U.S. origin, and at its peak in 1973, over 78 per cent of Canadian oil and gas production was under foreign ownership and over 90 per cent of oil and gas production companies were under foreign control, mostly American.
Few Canadian refineries can process more than small amounts of heavy oil, so production has traditionally gone to United States asphalt plants. This changed in the 1980s, however, with the announcement that construction would begin on two heavy oil upgraders.
In part, this history illustrates how important changes take place in the economies of newly producing regions, as frontier exploration shifts from wildcat drilling through oil and gas development into production. It also explores the ingenuity needed to drill in those inhospitable areas, and the deadly challenges explorers sometimes face.
To complete the picture of the Canadian liquids business, it is worth noting that in 1977 Amoco and Dome bought the Canadian assets of Goliad Oil and Gas Company. This increased the supply of liquids available to Amoco by about 1,800 barrels per day (290 m 3 /d). But this acquisition also had symbolic importance, since Goliad had such a key ...
According to the Canadian Association of Petroleum Producers, or CAPP, Canadian oil production will more than double over the next two decades, fueled by steadily growing oil sands production and ...
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(Reuters) -Three of Canada's biggest oil producers, Suncor Energy, Cenovus Energy and Imperial Oil, on Thursday projected higher production in 2025, betting on resilient demand for Canadian crude ...