Could have been worse, economists on average had expected a drop of 1.7% for the month.
Suspension comes two days after an estimated 250 cubic metres of oil leaked into the sea southeast of St. John’s.
It can resume operations after it addresses ice management procedures and other organizational issues.
Statistics Canada cites decline from automotive, petroleum-coal products.
Sales fell in 15 of the 21 industries tracked, representing 61% of the manufacturing sector.
CAPP forecast cites growing supply, need for new energy infrastructure urgent.
AER said it was the largest hydrocarbon leak from a pipeline since Nexen.
The federal government botched a land purchase in 1950, failing to secure rights to underground oil and gas reserves.
Global Petroleum Show
June 9th 2015
The Global Petroleum Show presented by DMG Events is now an annual event for global energy producers, EPCs, service companies and suppliers that hosts 63,000 attendees from 95 countries, and 2,000 exhibitors.
Landowners want a guarantee that land will be restored when well sites and pipelines are shut down.
Legislation to jointly manage the Gulf’s petroleum resources is expected to be tabled by the end of the year.
The natural gas producer will also off-load assets in Denver and Wyoming.
Ottawa says the deal will increase exports to South Korea by 32%
An innovative renewable catalytic process will provide cleaner fuel for the transportation sector.
Williams Energy Canada intends to convert cheap propane into a plastic feedstock that’s worth $800 million annually.