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The energy industry provided 7.7% of all jobs in Alberta in 2013, [7] and 140,300 jobs representing 6.1% of total employment of 2,286,900 in Alberta in 2017. [11] The unemployment rate in Alberta peaked in November 2016 at 9.1%. Its lowest point in a ten-year period from July 2009 to July 2019, was in September 2013 at 4.3%. [12]
The greatest discovery, in terms of quantity, size, and overall effect on the industry was the discovery of the Pembina oil field by Mobil Oil in February 1953. [33] [32] With the discovery of the Leduc oil field in 1947 and the Redwater oil field in 1948 Manning's government realized the incredible potential of the massive oil reserves ...
The Pembina oil field is one of the largest and most prolific conventional oil fields in the province of Alberta, Canada. [ 1 ] The mature field is centered on Drayton Valley and is named for the Pembina River , which crosses the region from southwest to northeast.
Capital expenditure increased between 2006 and 2015 totalling $125 billion in all oil sands projects leading to a severe labor shortage in Alberta and driven unemployment rates to their lowest level in history – the lowest of all 10 Canadian provinces and 50 U.S. states.
When it found that the consortium's cost estimates were not out of line, the governments of Canada, Alberta and Ontario participated in a historic meeting in Winnipeg in February, 1975. That meeting salvaged the project. The federal government took a 15 per cent interest, Alberta 10 per cent and Ontario five per cent. The private partners ...
Alberta's first energy regulatory body was created in 1938. A succession of agencies led to the new ERCB being established 1 January 2008, as a result of the realignment of the Alberta Energy and Utilities Board (EUB) into the ERCB and the Alberta Utilities Commission. The ERCB also includes the Alberta Geological Survey.
Wabasca is an oil field in a remote area of northern Alberta, Canada. It is the fourth largest deposit of oil sands located in Alberta, located southwest of the larger Athabasca oil sands deposit. [1] [2] [3] It is also known as the Pelican Lake Oilfield. [4] The closest community is Wabasca.
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