The oil and gas sector in Canada: A year after the start of the pandemic

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 bac...

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Bibliographic Details
Main Author: Statistics Canada
Format: Article in Journal/Newspaper
Language:English
Published: Government of Canada 2021
Subjects:
Newfoundland
Canada
Online Access:https://dx.doi.org/10.25318/36280001202100700003-eng
https://www150.statcan.gc.ca/n1/pub/36-28-0001/2021007/article/00003-eng.htm
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spelling ftdatacite:10.25318/36280001202100700003-eng 2023-05-15T17:21:53+02:00 The oil and gas sector in Canada: A year after the start of the pandemic Statistics Canada 2021 https://dx.doi.org/10.25318/36280001202100700003-eng https://www150.statcan.gc.ca/n1/pub/36-28-0001/2021007/article/00003-eng.htm en eng Government of Canada DataPaper Article 2021 ftdatacite https://doi.org/10.25318/36280001202100700003-eng 2021-11-05T12:55:41Z 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. Article in Journal/Newspaper Newfoundland DataCite Metadata Store (German National Library of Science and Technology) Newfoundland Canada
institution Open Polar
collection DataCite Metadata Store (German National Library of Science and Technology)
op_collection_id ftdatacite
language English
description 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.
format Article in Journal/Newspaper
author Statistics Canada
spellingShingle Statistics Canada
The oil and gas sector in Canada: A year after the start of the pandemic
author_facet Statistics Canada
author_sort Statistics Canada
title The oil and gas sector in Canada: A year after the start of the pandemic
title_short The oil and gas sector in Canada: A year after the start of the pandemic
title_full The oil and gas sector in Canada: A year after the start of the pandemic
title_fullStr The oil and gas sector in Canada: A year after the start of the pandemic
title_full_unstemmed The oil and gas sector in Canada: A year after the start of the pandemic
title_sort oil and gas sector in canada: a year after the start of the pandemic
publisher Government of Canada
publishDate 2021
url https://dx.doi.org/10.25318/36280001202100700003-eng
https://www150.statcan.gc.ca/n1/pub/36-28-0001/2021007/article/00003-eng.htm
geographic Newfoundland
Canada
geographic_facet Newfoundland
Canada
genre Newfoundland
genre_facet Newfoundland
op_doi https://doi.org/10.25318/36280001202100700003-eng
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