The oil and gas industry in Canada Research Paper

The anele and gas industry in Canada - question Paper ExampleMost of Canadas, which is about 283,000 cubic meters per day, is exported. Most of it is imported to the United States.The production of oil and gas in Canada is very efficient. For instance, over 25,000 new oil wells were sunk in 2005. In Alberta province, over 100 new wells are dug every day. Production operations allow upstream (mainly, exploration and production of gas and oil), and downstream (here oil and gas is refined, distributed and sold). Most exploration happens in the province of Alberta with many operations in British Columbia and Saskatchewan (Daniel, 2012). Oil themes that have been of preponderating importance to Canada economically include, Athabasca Oil Sands in Alberta, White Rose oil field, Terra Nova oil field and Hamburg oil field in Alberta.The oil and gas industry in Canada works within a complex framework of regulations and laws that govern and guide industry operation in terms of the environm ent, safety, hiring and personnel, land access, landowner rights, surface and mineral rights and many more. For instance, every gas and oil activity must be employ for and given approval before any work can begin. Some major federal players in the Canadian oil and gas industry include subject area Energy Board and ingrained Resources Canada (Ballem, 2011).National Energy Board established by parliament of Canada in 1959 is mandated with the regulation of international and inter tike aspects of the gas, oil and voltaic utility industries. It therefore regulates energy development, pipelines and the public interest of the Canadian citizens as concerns matters of oil and gas. TheAt the provincial level, there is BC Oil and Gas Commission, Saskatchewan Energy and Resources, Energy Resources Conservation Board (Alberta), Ontario Energy Board, Newfoundland and Labrador Natural Resources, and Nova Scotia Energy. The legislation in the oil