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While Edmonton (population 972,223 thousand in 2019 [20]) is the provincial capital and is considered the pipeline, manufacturing, chemical processing, research and refining centre of the Canadian oil industry, its rival city Calgary (population 1.26 million [20]) is the main oil company head office and financial centre, with more than 960 ...
In his blog entitled "Canadian Oil and Gas: The First 100 Years", Peter McKenzie-Brown said that the "early uses of petroleum go back thousands of years.But while people have known about and used petroleum for centuries, Charles Nelson Tripp was the first Canadian to recover the substance for commercial use.
As of 2009, Syncrude and Irving Oil were leaders in the Canadian industry, with Syncrude being the top producer of oil sands crude and Irving Oil operating the largest oil refinery in the country. [5] Canadian oil company profits quickly recovered following the 2008 financial crisis; In 2009 they were down 90% but in 2010 they reached $8.4 billion.
The oil industry measures the weight of oil on terms of an artificial scale known as API (American Petroleum Institute) gravity. Ten degrees API is the gravity of water. Light oils use a higher API number. Generally heavier than water, bitumen typically has an API of 8-10 degrees API.
As of 2023, Canada's oil sands industry, along with Western Canada and offshore petroleum facilities near Newfoundland and Labrador, continued to increase production and were projected to increase by an estimated 10% in 2024 representing a potential record high at the end of the year of approximately 5.3 million barrels per day (bpd). [4]
When Canadian Oil Companies formed in 1908, its main asset was the Petrolia Refinery that the Canadian Oil Refining Company had built in 1901. Canadian Oil closed the Petrolia Refinery in 1952. Concurrent with the closure of the Petrolia facilities, Canadian Oil built a new refinery at Corunna, Ontario , just south of Sarnia .
The oil and gas industry represents 27% of Canada's total greenhouse gas emissions, an increase of 84% since 1990, mostly due to the development of the oil sands. [137] Historically, an important issue in Canadian politics is the interplay between the oil and energy industry in Western Canada and the
Since the oil industry's earliest days, discovery and production have periodically taken a human toll. For Canada's petroleum industry, the worst incident was the Ocean Ranger disaster of 1982. In that terrible tragedy the Ocean Ranger, a semi-submersible offshore rig drilling the Hibernia J-34 delineation well, went down in a winter storm.