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Mar 2, 2023 · About 26 per cent of the province's revenue in 2023 is expected to come from oil and gas contributions. It was 36 per cent last year, per forecasts. The budget is also projecting a drop of $9...
In 2022, Alberta’s mining, quarrying, and oil and gas extraction sector, or upstream energy sector employed about 138 thousand people, accounting for about 6 per cent of total employment in Alberta.
Feb 27, 2023 · If you were able to sock away $10,000 per day, each and every day, it would take you more than 7,600 years to amass that much cash. Thanks to oil and gas, the Government of Alberta only needs...
In 2023, the crude oil and natural gas sector (excluding oil sands) spent an estimated Cdn$15.6 billion in capital expenditures. This represents a 6% decline from 2022, as reflected by the reduction in drilling activity within the sector due to lower oil and gas prices in 2023.
Nov 21, 2022 · Though companies have been reporting record profits this year, the proportion of oil and gas reinvestments back into the Alberta economy are a fraction of what they were at the time of the...
4 days ago · The Alberta Energy Regulator has released its 2024 Alberta Energy Outlook report with interesting highlights about what the future of energy production in Alberta may look like. This report, released June 24, details data from 2023 and projects expectations for Alberta’s energy sector in the coming years. “With expected pipeline capacity improvements and reasonably elevated oil prices ...
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Oct 23, 2022 · “We’re producing about $12 billion a month of oil,” said Alberta Central’s chief economist Charles St-Arnaud. “To give a comparison, in 2014, the maximum we reached was $7.7 billion so it’s...
