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- Stats in brief: 11-627-M2021063Description: This infographic highlights key employment characteristics in Canada’s oil and gas sector, for reference years 2009 to 2019. Data is taken from the most recent Natural Resource Satellite Account-Human Resource Module.Release date: 2021-08-26
- Articles and reports: 36-28-0001202100700003Description:
Since 2000, the oil and gas extraction industry has averaged 5% of GDP for Canada, 21% for Alberta, and 25% for Newfoundland and Labrador, making it an important contributor to the Canadian economy. Following the oil price crisis of March and April, 2020, many oil and gas companies in Canada cut back their production and investment plans. One year later the price of oil has increased to pre-crisis levels, and the recovering global economy may support a rebound in global oil demand. This article examines to what extent the industry has recovered from the crisis and the challenges facing the industry, now and in the future.
Release date: 2021-07-28
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- Stats in brief: 11-627-M2021063Description: This infographic highlights key employment characteristics in Canada’s oil and gas sector, for reference years 2009 to 2019. Data is taken from the most recent Natural Resource Satellite Account-Human Resource Module.Release date: 2021-08-26
- Articles and reports: 36-28-0001202100700003Description:
Since 2000, the oil and gas extraction industry has averaged 5% of GDP for Canada, 21% for Alberta, and 25% for Newfoundland and Labrador, making it an important contributor to the Canadian economy. Following the oil price crisis of March and April, 2020, many oil and gas companies in Canada cut back their production and investment plans. One year later the price of oil has increased to pre-crisis levels, and the recovering global economy may support a rebound in global oil demand. This article examines to what extent the industry has recovered from the crisis and the challenges facing the industry, now and in the future.
Release date: 2021-07-28
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