The oil and gas industry is one of the many high-risk industries around the world, including North America. How health and safety is managed on site is critical.
Do you keep up with the latest in the oil and gas industry?
Did you know…
- U.S. oil production reached 10.04 million barrels per day (b/d) in December 2017 and 10.96 million b/d in July 2018
- U.S. natural gas gross withdrawals reached 96.97 billion cubic feet per day (Bcf/d) in December 2017 and 100.24 Bcf/d in July 2018
- Members of the Organization of the Petroleum Exporting Countries (OPEC) produce about 44.1% of the world’s crude oil, and possess almost 81.5% of the world’s total proven crude oil reserves, according to OPEC and US Energy Information Administration data
- Crude oil is a form of liquid petroleum, extracted from rock formations and used for fuel and other purposes
- In October 2017, the United States produced about 9.6 million barrels of crude oil per day
- The United States leads the world in total petroleum production, ahead of Saudi Arabia and Russia in 2017
- The United States consumed an average of 19.53 million barrels of petroleum products per day in 2016
- The United States is the world’s largest consumer of petroleum products
- In 2016, about 25% of the petroleum used in the United States was imported. About 38% of this petroleum is imported from Canada
- The world uses over 36 billion barrels of oil per year
- The United States is the top oil producer in the world
- Employee compensation within the oil and gas industry is up
- Canada is the fourth largest producer and fourth largest exporter of oil in the world
- 98% of Canada’s proven oil reserves are located in the oil sands
- 99% of Canada’s oil exports go to the U.S.
- GHG emissions per barrel of oil produced in the oil sands have fallen 29% since 2000
- The oil sands accounted for 64% of Canada’s oil production in 2017 or 2.7 million barrels per day
- The oil sands have an estimated $301 billion of capital investment to date, including $12.8 billion in 2017
- The 5 largest companies (Suncor, Canadian Natural Resources Limited, Imperial Oil, Husky and Cenovus) are responsible for over half of crude oil production in Canada
- In 2017, Canada was the largest foreign supplier of crude oil to the U.S., accounting for 43% of total U.S. crude oil imports and for 21% of U.S. refinery crude oil intake
- Canada exported 3.3 million barrels per day to the U.S. in 2017, 99% of all Canadian crude oil and equivalent exports
- Globally, Canada is the fourth largest producer and fifth largest exporter of natural gas
- Canadian marketable resources of natural gas can sustain current production levels for up to 300 years
- Canadian and U.S. natural gas markets are highly integrated, with 20% of Canadian consumption coming from the U.S.
- In 2017, Canada-U.S. production in the natural gas industry reached 90.3 billion cubic feet per day (Bcf/d) or 2.6 billion cubic metres per day (Bcm/d)
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