Decline in Canada’s Oil & Gas Production and Extraction of Mineral Resources

For the first time in seven months, mining, quarrying, and oil and gas extraction in Canada experienced a decrease of 1.8% in November 2021, according to Statistics Canada (StatCan).

Oil and gas extraction dropped 2.5% in November after hitting pre-pandemic levels in October, according to the Canadian Statistics Agency (STA). In November, crude bitumen and synthetic oil output in Alberta declined by 4.3%. Oil and gas extraction (excluding oil sands) increased by 0.1%, despite the decrease in crude oil extraction.

Also, due to flooding in British Columbia, exports from Vancouver marine terminals were interrupted by 17.2% in November, according to the study.

While metal ore production increased and non-metallic mineral production decreased in November, the mining and quarrying industry as a whole declined by 0.2%.

Non-metallic mineral mining, on the other hand, had a 2% increase in the number of mines in Canada, driven by an increase in copper, nickel, lead and zinc mining (+7.0%) and an increase in potash mining (+2.6%).

There was a 2.0% drop in support activities for mining, oil and gas extraction, and drilling services in November, after six months of growth, StatCan reported.

Original source material for this article taken from here