Quarterly Industry Update: Oilfield Services - Q4 2020

February 23, 2021

Quarterly Industry Update: Oilfield Services - Q4 2020

Synopsis
6 Minute Read

The Canadian Association of Petroleum Producers (CAPP) is forecasting upstream capital spending in the oiland gas sector to be $3.36 billion (14 percent) higher in 2021, reaching $27.3 billion as compared to anestimated $24 billion in 2020. This represents a stabilizing of industry investment and the beginning of a longer-term economic recovery.

The Canadian Association of Petroleum Producers (CAPP) is forecasting upstream capital spending in the oil and gas sector to be $3.36 billion (14 percent) higher in 2021, reaching $27.3 billion as compared to an estimated $24 billion in 2020. This represents a stabilizing of industry investment and the beginning of a longer-term economic recovery.

Download PDF to view full report

Insights

  • November 25, 2021

    2021 Quebec Economic and Financial Update

    Québec Finance Minister Eric Girard released the Update on Quebec’s Economic and Financial Situation on November 25, 2021.

  • Agility

    How to automate your bookkeeping (successfully)

    Is there an easy way to automate your finances? Take it one step at a time, Shayne Dueck, National Leader, ease, says in this latest insight.

  • Performance

    November 25, 2021

    Dealership investments in captive insurers and Form T1134: Filing requirements

    Dealership investments in non-resident insurance and reinsurance corporations are subject to increasingly complex tax reporting requirements. Non-compliance penalties can add up quickly.