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.

Read more
Insight
Progress Insight Energy 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

Related Content

  • Progress
    June 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.

    Read more

  • Progress
    December 10, 2024

    Lightbulb moments: How migrating to modern platforms can enable reliable energy production

    Forty-four percent of the North American Energy members have some cloud resources, and your company may fall behind if it does not invest in this new technology.

    Read more

  • Progress
    April 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.

    Read more

Insights

  • Agility

    April 30, 2025

    What role does tech play in the next chapter of your business?

    Improve efficiency, create opportunities, and differentiate your business with these four steps for successful tech adoption. 

    Read more

  • Progress

    April 30, 2025

    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.

    Read more

  • Performance

    April 29, 2025

    What challenges and opportunities are ahead for mining operations in Canada?

    Canadian mining companies are facing uncertainty — from navigating tariffs to managing rising costs. How can you address challenges and seize opportunities? 

    Read more