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Leduc No. 1 was a major crude oil discovery made near Leduc, Alberta, Canada, on February 13, 1947.It provided the geological key to Alberta's most prolific conventional oil reserves and resulted in a boom in petroleum exploration and development across Western Canada.
The Keystone XL Pipeline Project (Phase IV) revised proposal in 2012 consists of a new 36-inch (910 mm) pipeline from Hardisty, Alberta, through Montana and South Dakota to Steele City, Nebraska, to "transport of up to 830,000 barrels per day (132,000 m 3 /d) of crude oil from the Western Canadian Sedimentary Basin in Alberta, Canada, and from ...
Author David J. Hughes in his 2004 book entitled North America's Natural Gas Crisis, predicted that the Western Canadian Sedimentary Basin would likely continue to be the main gas supply area in Canada for many years; however, declining production and the likelihood that much of the gas will be diverted to fuel new oil sands plants mean that ...
This recent acquisition was the latest in a string of multi-billion-dollar mergers among oil companies in the region. Occidental Petroleum makes $12 billion deal to grow Permian Basin oil and gas ...
Finally, transporting oil and gas by rail is generally more expensive for producers than transporting it by pipeline. On average, it costs between US$10-$15 per barrel to transport oil and gas by rail compared to $5 a barrel for pipeline. [76] [77] In 2012,16 million barrels of oil were exported to USA by rail.
It operates in the North Sea (4% of oil production), Western Canada (93% of oil / 97% of gas production), and West Africa (3% of oil / 2% of gas production). In 2011, its revenue was $14.625 billion, MV 48.379 bn. [ 12 ] In last quarter of 2011 company production leaped by a significant margin and stayed there: 2011 production: 657,599 b/d in ...
Part of Canada’s reasoning to produce so much oil and gas in the 21st century is that it’s a stable democracy with stricter environmental and human rights laws than other oil giants that the ...
The lawsuit by the attorney general's office included an antitrust action under state law, and had attracted the close attention of major business groups in Pennsylvania, the nation's No. 2 gas ...