February 1, 2023--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Whether it's production of conventional fossil fuels or the tools needed for the energy transition, Alberta's energy minister says the province is the "powerhouse" the world needs.

Alberta published an outlook on its energy sector, saying it has proved to be an "incredibly resilient" producer that's set up for continued growth in 2023.

Energy Minister Pete Guthrie said the data supports the conclusion, with rig counts alone jumping some 48% from 2021 levels.

"Alberta's crude oil and equivalent production was up 4% in 2022, and the Trans Mountain pipeline expansion is scheduled to be completed later this year," he said. "A strong energy sector means more activity, more well-paying jobs and more benefits to surrounding communities."

Companies featured: BP (NYSE:BP), Enbridge Incorporated (NYSE:ENB)