Subscribe free to our newsletters via your
. Space Industry and Business News .




OIL AND GAS
Total Canadian oil production up 8 percent
by Daniel J. Graeber
Calgary, Alberta (UPI) Feb 10, 2015


disclaimer: image is for illustration purposes only

The full-year 2014 crude oil production average for Canadian basins increased year-on-year, but there may be strains from low oil prices, federal data show.

The National Energy Board released full-year production figures for 2014, showing a cumulative average of 3.8 million barrels per day, an 8 percent increase from full-year 2013. Total crude oil production since June, when oil prices reached their recent peak, increased by about 1 percent.

In a late January report, NEB noted the decline in global crude oil prices was in part a reflection of the increase in U.S. oil production. That lead to strains on Canadian oil output, which is expensive to produce.

While total Canadian crude oil production increased for the year, the heavier grade of crude oil sometimes dubbed tar sands held more or less steady at 1.7 million bpd on average during the last six months of 2014. Production of heavy Canadian crude oil increased 1 percent from June to December

During the same period in 2013, production of heavy Canadian crude oil increased 10 percent.

Canada sends more than 95 percent of its exported crude oil to the U.S. market. Before the shale era began in the last decade, the NEB said in its January report the United States was expected to need more foreign-sourced crude oil.

During the last five years, the NEB said, growth in U.S. oil production is equal to the entire output from Canada.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





OIL AND GAS
Some Kurdish oil exports suspended
London (UPI) Feb 6, 2015
Exports from the Kurdish north of Iraq through Turkey are suspended while payment negotiations continue, Gulf Keystone Petroleum said Friday. The British company said it's owed an unstated amount in payments from the Kurdish government. As a short-term measure, crude oil was redirected to the local market and exports by truck through Turkey are suspended. "This is expected to be ... read more


OIL AND GAS
Penta-graphene, a new structural variant of carbon, discovered

New method allows for greater variation in band gap tunability

Winding borders may enhance graphene

Cheap and abundant chemical outperforms precious metals as a catalyst

OIL AND GAS
Navy orders additional LCS mission modules

U.S. EA-18G Growlers getting new electronic warfare system

Third MUOS Satellite Launched And Responding To Commands

USAF orders addditional Boeing rescue radios

OIL AND GAS
Soyuz Installed at Baikonur, Expected to Launch Wednesday

Sea Launch considers replacement of Zenit-3SL rockets

Russia launches British comms satellite into space

Iran Launches Satellite Into Space, First Since 2012

OIL AND GAS
US Senator says GPS often fails to track emergency calls

NASA Engineer Advances New Daytime Star Tracker

Europe to resume satnav launches in March: Arianespace

911 Assc says lobbyist behind tactics to derail GLONASS

OIL AND GAS
Airbus, Korean Air to bid for S. Korea military deal: report

Bladed ground testing of S-97 Raider helicopter begins

Singapore plans 'real-time' aircraft tracking system

First flight for Embraer's KC-390

OIL AND GAS
Rediscovering spontaneous light emission

New pathway to valleytronics

Researchers use oxides to flip graphene conductivity

Breakthrough promises secure communications and faster computers

OIL AND GAS
Q&A on NOAA's DSCOVR Mission

Spire unveils nanosatellite to make weather predictable to navigate

Satellites can improve regional air quality forecasting

New NASA SMAP satellite already measuring surface water

OIL AND GAS
Emergency declared after Galapagos ship grounding

Mercury levels rise in Hawaiian ahi tuna: study

British city becomes first to impose public smoking curbs

Ship grounding threatens Galapagos Islands




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.