Canadian Offshore Petroleum Industry

The Canadian offshore petroleum industry involves the exploration, drilling, and production of oil and natural gas beneath the Atlantic, Pacific, and Arctic ocean floors. It is a significant part of Canada’s energy sector, contributing to domestic supply and exports. This industry employs advanced technology to safely extract resources while managing environmental risks in sensitive marine ecosystems. Governments regulate these activities through licensing and safety standards to balance economic benefits with environmental protection. Overall, it plays a vital role in Canada's energy landscape, supporting jobs and energy needs domestically and internationally.