Energy and Cleantech
Alberta is Canada’s energy province. We are home to one of the world’s largest unconventional oil deposits, the oil sands, and we have the third largest oil reserves in the world. We also have an abundant supply of low-emission and affordable blue hydrogen, experience in hydrogen production and leadership in carbon capture and storage.
Invest in Alberta's cost-competitive and diverse oil and gas industry,
including one of the world's largest unconventional oil deposits
The energy sector covers the entire value chain from upstream production to downstream end use in conventional and unconventional oil and natural gas extraction and processing. This includes petrochemicals, renewable energy, bio-energy, innovative hydrocarbon uses, technology innovation, carbon capture and storage as well as electricity transmission and distribution. There are also opportunities for exploration and extraction of other energy resources and minerals such as geothermal, helium, lithium, rare earth elements, and other heavy metals.
Alberta has the potential to become the world’s leading energy provider. It has a world-class resource next to the largest market in the world. Only 19% of the world’s proven oil reserves are accessible to private sector investment (not state controlled) of which more than half (53%) are in Alberta’s oil sands, which represents considerable investment opportunities in Alberta’s oil sands.
Products and services
Oil and gas technology and services is focused on upstream-related oil and gas equipment and services. Upstream-related products and services include seismic and geological services, drilling and completions, and advanced production techniques. This important industry sector focuses on such areas as:
- multilateral drilling technologies,
- non-invasive drilling fluids,
- swell packer stimulation technologies,
- coiled tubing expertise and benefits,
- innovative pumping technologies,
- non-traditional well configurations, and
- geosteering of horizontal wells in real time.
Oil and Gas Equipment
Alberta has the world’s third largest proven crude oil reserves after Saudi Arabia and Venezuela. Canada is the world’s third largest supplier of natural gas, with Alberta accounting for 67% of Canadian production. The Alberta Government is committed to improving extraction technologies for conventional oil production; i.e. advanced seismic and horizontal drilling. Alberta’s industrial manufacturing sector delivers high-value products and services across Canada and around the world.
Alberta is well set-up for oil and gas activities, with pre-zoned industrial lands, ready access to water, and a skilled workforce ready to work.
The province has a large network of oil and gas pipelines as well as multi-commodity oil and gas distribution centres that connect Alberta’s oil and gas to ports.
Alberta’s oil and gas industry has a long history of innovating and finding solutions to technical problems and are partners in keeping costs low.
Unprecedented demands and resource constraints on the energy sector have resulted in companies seeking out new and innovative processes, demonstrated through an increased focus on research and technology. In regards to the heavy oil and oil sands industry, opportunities exist to reduce the use of water and natural gas and to decrease overall environmental impacts.
On a similar front, Alberta’s natural gas industry is exploring ways to improve well economics by reducing the cost of explorations and increasing well productivity through technology and process improvements. As a whole, technology development and adoption, and process improvements are key components to increasing the competitiveness of Alberta’s oil and gas industry.
Alberta is a leader in developing resources in an environmentally sustainable and socially responsible manner. Alberta’s oil industry is committed to reducing emissions and freshwater usage while enhancing recovery rates. We are committed to improving extraction technologies for conventional oil production; i.e. advanced seismic and horizontal drilling.
The province was the first major oil producer to introduce a price on carbon and has a legislated emissions cap of 100 mt. Greenhouse gases from a barrel of oil produced in the oil sands have dropped almost 20 per cent compared to 2011 levels. From 2000 to 2017 the emissions intensity of the oil sands operations dropped by approximately 28 per cent as a result of technological and efficiency improvements.
Alberta’s energy is secure and ethically sourced. Alberta believes that Indigenous consultation and participation is foundational to developing Canada’s energy resources. The Province has committed $1 billion to the Alberta Indigenous Opportunities Corporation, which is designed to increase Indigenous communities’ ability to invest in natural resource projects.
How we can Help
Invest Alberta is your one-stop government connection to doing business in Alberta. Through our extensive network of international and local contacts, our team of investment professionals provides a centralized, coordinated service to support foreign investors throughout the investment and business
Alberta’s International Offices