Yahoo Canada Web Search

  1. Ads

    related to: Is Nova Scotia oil & gas rich?
  2. Global Market Access & Loads Of Natural Resources Makes Canada The Perfect For Investing. From Oil To Lumber, Canada is Abundant In Natural Resources. Learn More & Invest Today

  3. Commercializing and Deploying Technology from Our Industry-Leading R&D Portfolio. Developing Scalable Technologies to Help Address Climate Change.

Search results

  1. People also ask

  2. Our offshore is rich with potential. Several world leaders in oil and gas are investing in Nova Scotia's offshore, which will create more good jobs and generate hundreds of millions of dollars for Nova Scotians.

  3. Offshore Nova Scotia is a proven oil and gas rich region. The Scotian Basin has seen success with the Sable Offshore Energy, Cohasset-Panuke and the Deep Panuke Projects. The new Scotian Basin Integration Atlas estimates the basin contains ~32 Bboe (in place and unrisked).

  4. Scale of the oil and gas opportunity. The Play Fairway Analysis (PFA) project has identified rich hydrocarbon potential offshore Nova Scotia with an unrisked yet to find of 120 trillion cubic feet of gas and eight billion barrels of oil. This potential has diverse characteristics and scales.

    • Energy Production
    • Energy Transportation and Trade
    • Energy Consumption and Greenhouse Gas (GHG) Emissions
    • Energy Authorities

    Crude Oil

    1. Since 2018, Nova Scotia has not produced any crude oil or crude oil equivalents (Figure 1). 2. Between 2000 and 2018, Nova Scotia produced condensate/pentanes plus at the ExxonMobil-operated Point Tupper Fractionator Plant. In 2018, ExxonMobil applied to the province to abandon its fractionator as part of the abandonment of its natural gas producing Sable Offshore Energy Project.Footnote 1Production at Point Tupper ceased by May 2018. 3. There are currently no active exploration licenses o...

    Refined Petroleum Products

    1. Nova Scotia does not have any refineries. Imperial Oil’s Dartmouth refinery closed in 2013. The facility now operates as an oil products terminal. 2. In April 2022, NuStar Energy L.P. sold its 7.8 million-barrel storage terminal in Point Tupper to EverWind Fuels. The terminal is one of the largest RPP storage and blending facilities in Atlantic Canada. It serves markets in Atlantic Canada and the United States (U.S.) East Coast. EverWind plans to turn the terminal into Atlantic Canada’s fi...

    Natural Gas/Natural Gas Liquids

    1. Nova Scotia has not produced any natural gas since 2018. (Figure 1) 2. Natural gas in Nova Scotia was previously produced offshore at ExxonMobil’s Sable Offshore Energy Project and Ovintiv’s Deep PanukeFootnote 3project until 2018 (Encana changed its name to Ovintiv in 2020). 3. The Sable Offshore Energy Project, Canada’s first offshore natural gas project, was commissioned in 1999 and ceased production on 31 December 2018. The plugging and abandonment of all wells was completed in 2019. A...

    Crude Oil and Liquids

    1. There are no crude oil pipelines or crude-by-rail facilities in Nova Scotia. 2. Since Nova Scotia is not connected to oil pipeline systems and it does not have any refineries, it must import RPPs. RPPs are imported from the Irving Refinery in New Brunswick, as well as other countries including the U.S., the Netherlands, and Belgium.

    Natural Gas

    1. Nova Scotia relies entirely on imported natural gas, which arrives via the Maritimes and Northeast PipelineFootnote 20 (M&NP) (Figure 3). The M&NP connects to pipelines in the northeast U.S., which are connected to the broader, North American market, including western Canada. The Canadian portion of the M&NP starts at St. Stephen, New Brunswick, and ends near Halifax and Goldboro in Nova Scotia. In 2023, the M&NP shipped 189 MMcf/d of gas into Nova Scotia and New Brunswick. Some Nova Scoti...

    Liquefied Natural Gas

    1. In November 2023, Pieridae Energy announced that it would abandon plans to build the Goldboro LNG export project in Nova Scotia and sell the Goldboro assets.Footnote 25 The sale was finalized in July 2024.Footnote 26 The $3 billion facility was proposed in 2012 to export 320 MMcf/d of natural gas to European markets. Pieridae Energy had previously received authorization from the Nova Scotia Utilities and Review Board (NSUARB)Footnote 27 to construct Goldboro LNG export facility and an expo...

    Total Energy Consumption

    1. End-use demand in Nova Scotia was 156 petajoules (PJ) in 2020. The transportation sector was responsible for 39% of total demand, followed by residential at 28%, industrial at 18%, and commercial at 15% (Figure 4). Nova Scotia’s total energy demand was the eighth largest in Canada, and the eleventh largest on a per capita basis. 2. RPPs, including gasoline, diesel, and heating oil, were the most consumed fuel in Nova Scotia, accounting for 92 PJ, or 59% of total end-use demand. Electricity...

    Refined Petroleum Products

    1. Nova Scotia’s motor gasoline demand in 2022 was 1,211 litres per capita, 17% above the national average of 1,035 litres per capita. 2. Nova Scotia’s diesel demand in 2022 was 618 litres per capita, 20% below the national average of 772 litres per capita. 3. RPP prices in Nova Scotia have been regulated by the NSUARB since 2009. The NSUARB sets wholesale prices, minimum and maximum retail mark-ups, and maximum retail prices for gasoline and diesel.Footnote 36

    Natural Gas

    1. In 2023, Nova Scotia consumed an average of 77.2 MMcf/d of natural gas, which was less than 1% of total Canadian demand. 2. Nova Scotia’s industrial sector consumed 57.7 MMcf/d of natural gas in 2023. The commercial and residential sectors consumed 18.7 MMcf/d and 0.7 MMcf/d, respectively.

  5. Alberta, Saskatchewan, Nova Scotia, and Nunavut generate most of their electricity from fossil fuels like natural gas, coal, or petroleum. Generation from wind farms and solar photovoltaic panels grew from 1.5% of total electricity generation in 2010 to 7% in 2021.

    • Is Nova Scotia oil & gas rich?1
    • Is Nova Scotia oil & gas rich?2
    • Is Nova Scotia oil & gas rich?3
    • Is Nova Scotia oil & gas rich?4
    • Is Nova Scotia oil & gas rich?5
  6. In 2021, Nova Scotia reported the slowest growth among provinces in the GDP deflator at 4.5%. The three resource-producing provinces - whose oil and gas export prices rebounded with global oil prices in 2021 - reported much larger increases in their respective price indices for GDP.

  7. Oct 12, 2017 · This year marks a quarter century of offshore oil and natural gas production in Atlantic Canada. From fields discovered as far back as 1969, production from Nova Scotia and Newfoundland and Labrador has allowed those provinces to fill growing global demand for oil and natural gas.

  1. Ads

    related to: Is Nova Scotia oil & gas rich?
  2. Commercializing and Deploying Technology from Our Industry-Leading R&D Portfolio. Developing Scalable Technologies to Help Address Climate Change.

  1. People also search for