Quarterly Industry Update: Oilfield Services - Q4 2020
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.
Related Content
-
ProgressJune 19, 2024
How the current market impacts the value of your energy business
How do shifts in the energy sector impact the value of your business? A valuation can help you understand what your company is worth in a volatile market.
-
ProgressApril 10, 2024
Why growing your own resources can help your organization succeed in the evolving energy and utilities sector
How can you improve employee retention? Taking these steps can reduce turnover and ensure your energy and utilities company has the skills it needs to succeed.
-
ProgressMarch 06, 2024
How Indigenous communities can achieve equity ownership in major energy projects
What steps should Indigenous communities take to successfully navigate the complex transaction process with energy companies?
Insights
-
Performance
July 25, 2024
How to pay yourself from your practice
How can you pay yourself from your business? Review the pros and cons of taking a salary as an employee or receiving dividends as a shareholder.
-
Progress
July 25, 2024
Veterinary market update: Navigating trends and opportunities in the industry
Stay ahead in veterinary practice with MNP's market update. Navigate consolidation shifts, labour shortages, and strategic sales.
-
Agility
July 24, 2024
What you need to know about GenAI in local governments
Discover how GenAI is changing local governments by enhancing customer experiences, streamlining workflows, and providing data-driven insights.