Canada 2010

Boosted by the high oil prices of 2007 and 2008, the Alberta province saw spectacular development. Today it faces a somewhat more challenging future, as prices recover from the lows of early 2009. Yet Canada is still eponymous with risk-taking, challenge-hungry small and mid-cap independents, who have been exploring their homeland avidly but also more exotic skies across the globe. The oil sands industry is enjoying a second life, using substantial hedging strategies and downstream investments to guard against oil price fluctuation. The oil sands also bear the trademark of Canada's taste for innovation, lateral thinking applied to technology and technical pragmatism, exemplified by the country's expertise in EOR techniques. The strength of the Canadian financial sector provides the bedrock of support for this cutting-edge hydrocarbons development. To learn more about those who keep the dream alive, read "The Oil and Gas Year - Canada 2010".