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
-
ConfidenceJuly 10, 2025
How oil and gas companies can strengthen their insurance strategies for wildfires and other natural disasters
Appropriate insurance coverage for oil and gas is more important than ever as wildfires and other natural disasters across the country become more frequent and intense.
-
PerformanceApril 29, 2021
Oil and Gas Services and Budget 2021
The 2021 Federal Budget delivered numerous announcements that may impact the oil and gas services sector. Find out what the changes mean for you and your business.
-
PerformanceDecember 03, 2020
Managing your finances just got easier
Cloud accounting and bookkeeping from ease can help you navigate the road ahead.
Insights
-
Confidence
September 29, 2025
Performance improvement in AML regulatory compliance
With the introduction of Bill C-2 and FINTRAC’s amped up enforcement, reporting entities face sweeping changes to anti-money laundering (AML) compliance.
-
Agility
September 26, 2025
Paying attention to relationships as a foundation for governments to adapt in a shifting, uncertain world
How governments must build trust, adapt quickly, and deliver integrated solutions in a complex, uncertain world.
-
Performance
September 24, 2025
Solving the productivity puzzle: Leveraging technology
How can you increase the productivity of your business? Leveraging the right technology is the final piece of solving the productivity puzzle.
