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.

Insight
Progress Insight Oil and Gas Corporate Finance

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

  • Progress

    February 23, 2021

    Quarterly Industry Update Oilfield Services Q4 2020