South America / GoM
Country profile: Canada
| Location: | Northern North America, bordering the North Atlantic Ocean on the east, North Pacific Ocean on the west, and the Arctic Ocean on the north, north of the conterminous US |
| Climate: | varies from temperate in south to subarctic and arctic in north |
| Terrain: | mostly plains with mountains in west and lowlands in southeast |
| Size: | 9984670 sq. km total (Land area: 9093507 sq. km Water area: 891163 sq.km) |
| Population: | 33,212,696 (July 2008 est.) |
| Languages: | English (official) 59.3%, French (official) 23.2%, other 17.5% |
| Government: | constitutional monarchy that is also a parliamentary democracy and a federation |
| Capital city: | Ottawa |
| Legal system: | based on English common law, except in Quebec, where civil law system based on French law prevails; accepts compulsory ICJ jurisdiction, with reservations |
| Currency: | Canadian dollar (CAD) |
| Licensing: |
Country profile
Canada has considerable natural resources and is one of the world’s largest producers and exporters of energy. In 2005, Canada produced 19.1 quadrillion British Thermal Units (Btu) of total energy, the fifth-largest amount in the world. Since 1980, Canada’s total energy production has increased by 86 percent, while its total energy consumption has increased by only 48 percent during that period. Almost all of Canada’s energy exports go to the United States, making it the largest foreign source of U.S. energy imports: Canada is consistently among the top sources for U.S. oil imports, and it is the largest source of U.S. natural gas and electricity imports.
Recognizing the importance of the energy trade between the two countries, both participate in the North American Energy Working Group, which seeks to improve energy integration and cooperation between Canada, the U.S., and Mexico. In 2005, the largest source of energy consumption in Canada was oil (31 percent), followed by hydroelectricity (25 percent) and natural gas (24 percent). Both coal (12 percent) and nuclear (7 percent) constitute a smaller share of the country’s overall energy mix. From 1985-2005, Canada’s overall energy mix has remained relatively stable, though hydroelectricity has decreased from 31 percent to 25 percent.
Energy production and consumption
| Oil | Gas | |
| Production: | 3 million bbl/day (2005) | 178 billion cu m (2005 est.) |
| Consumption: | 2 million bbl/day (2005) | 92 billion cu m (2005 est.) |
| Exports: | 2 million bbl/day (2005) | 101 billion cu m (2005 est.) |
| Imports: | 1 million bbl/day (2005) | 9 billion cu m (2005 est.) |
| Reserves: | 178 billion bbl | 1 trillion cu m (1 January 2006 est.) |
| Major fields: |
Canada - recent news
| 19 Oct 26 |
Canada: Pennpetro Energy signs Heads of Agreement for the proposed acquisition of ICENERGY Pennpetro Energy has entered into Heads of Agreement with Indigenous Canadian Energy Holdings Inc. ('ICENERGY') in relation to the proposed acquisition by Pennpetro of the entire issued share capital of ICENERGY. |
| 11 Oct 26 |
Canada: Moncan Energy launches Alberta Acquisition and Development Strategy focused on producing oil and gas assets Moncan Energy, a newly established Calgary-based exploration and production company, has announced its strategy to acquire, improve and selectively develop smaller producing oil and natural gas assets across Alberta. |
| 11 Oct 26 |
Canada: Equinor and Shell partner on the Bay du Nord project Equinor and Shell have signed an agreement under which Shell will acquire a 30% interest in the Bay du Nord project offshore Newfoundland and Labrador in Canada. The transaction supports the continued maturation of Bay du Nord towards an investment decision currently targeted for early 2027. |
| 05 Oct 26 |
Suncor to divest non-core offshore assets and increase shareholder returns Suncor Energy has entered into a definitive agreement to sell its 48% interest in Terra Nova, 40% interest in White Rose and 38.6% interest in West White Rose offshore assets to Ithaca Energy for $1.2 billion (US$860 million) of upfront cash and an additional contingent payment of up to $350 million (US$250 million), based on future oil prices. |
| 01 Oct 26 |
Canada: Fluor Joint Venture selected for LNG Canada Phase 2 Expansion following Final Investment Decision Fluor Corporation has announced that its joint venture with JGC Corporation has been selected to deliver engineering, procurement, fabrication, construction and commissioning for Phase 2 of LNG Canada’s liquified natural gas (LNG) export facility in Kitimat, British Columbia. |
Canada - more news
Other countries in this region
- Argentina,
- Aruba,
- Bahamas,
- Barbados,
- Belize,
- Bermuda,
- Bolivia,
- Brazil,
- Chile,
- Colombia,
- Costa Rica,
- Cuba,
- Dominican Republic,
- Ecuador,
- Falklands,
- French Guiana,
- Grenada,
- Guatemala,
- Gulf of Mexico,
- Guyana,
- Honduras,
- Jamaica,
- Mexico,
- Nicaragua,
- Panama,
- Paraguay,
- Peru,
- Suriname,
- Trinidad,
- Uruguay,
- USA,
- Venezuela










