Canadian oil and gas opportunities gather momentum off Atlantic and Pacific coasts

02/07/2005
Canada's Offshore—1 With rising prices for oil and natural gas, coupled with declining North American production, the motivation to find new opportunities for oil and gas exploration and development off Canada's east and west coasts is high.Opportunities for Canada's offshore oil and gas industry have been gathering momentum in recent months. Although both coasts have faced similar territorial disputes, concerns about potential environmental damage, and use conflicts with other ocean industries, the growth of the industry has differed sharply from one coast to the other.The east coast industry is well developed following a number of significant discoveries since the mid-196...
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