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

  • Progress

    August 01, 2025

    Diagnosing hidden inefficiencies in your practice: Key insight and actionable strategies

    How can you identify and address hidden inefficiencies in your practice? Discover key insights and takeaways from MNP’s recent webinar. 

  • Agility

    July 31, 2025

    Planning for what’s next: Strategies for forestry businesses in uncertainty

  • Confidence

    July 30, 2025

    How to unlock the growth potential of your business with a fractional financial executive

    How can your business navigate financial complexities as it continues to grow? A fractional financial executive can help unlock your growth potential.