Quarterly Industry Update: Oilfield Services - Q4 2020

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

  • September 25, 2025

    How to effectively protect your practice from cyber security threats

    Understanding key cyber security risk and how to mitigate them for independent doctors and dentists.

  • Confidence

    September 16, 2025

    Bullying in the workplace: What it looks like and the role you play in stopping it

    Workplace bullying affects every member of an organization.

  • Progress

    September 16, 2025

    How local governments can bridge the gap between AI desire and readiness: A roadmap for success

    Many local governments aren’t ready to implement AI within their organization yet. What steps can you take to bridge the gap between AI desire and readiness?