DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/887d3e/canada_oil_and_gas) has announced the addition of the "Canada Oil and Gas Report Q4 2011" report to their offering.
The latest Canada Oil & Gas Report from BMI forecasts that the country will account for 10.83% of North American regional oil demand by 2015, while contributing 27.99% to supply. In North America, overall oil consumption will have reached an estimated 21.53mn barrels per day (b/d) in 2011. It is set to rise to 22.49mn b/d by 2015. In the meantime, supply will average an estimated 12.01mn b/d in 2011 and could climb to 12.91mn b/d by 2015, thanks largely to biofuels and production from Canada's oil sands projects offsetting the conventional oil decline in Canada and the US. Net imports for the region should be 9.58mn b/d in 2015 - up from an estimated 9.52mn b/d in 2011.
In terms of natural gas, the North American region will have consumed an estimated 767bn cubic metres (bcm) in 2011, with demand of 846bcm targeted for 2015, representing 10.4% growth. Production of an estimated 945cm in 2011 is set to rise to 1,019bcm in 2015. Canada's share of gas consumption in 2011 will have been an estimated 12.02%, while it will have contributed 17.57% to regional production. By 2015, its share of gas consumption is forecast to be 12.42%, with 15.61% of regional supply.
Companies Mentioned:
- Suncor
- Shell Canada
- Encana
- Cenovus Energy
- Canadian Natural Resources
- ConocoPhillips
- Chevron
- Devon Energy
- Syncrude
- BP Canada
- Husky Energy
- ExxonMobil
- Statoil
- Total
- Murphy Oil
- Enbridge
- Nexen
- Occidental Petroleum
- TransCanada
- UTS Energy
- Gazprom
- Ultramar
- TAQA
- Apache
- Penn West
- Talisman Energy
- PetroChina
- Korea National Oil Corporation (KNOC)
For more information visit http://www.researchandmarkets.com/research/887d3e/canada_oil_and_gas