Capital expenditures in Canadian oil patch plunge 58% from 2014

ATB report blames the decline on the completion of major projects and the dramatic oil price differential

Capital expenditures in Canadian oil patch plunge 58% from 2014The news from the oil patch continues to raise concerns across Alberta and Canada. The latest is the revelation that capital expenditure in the oil patch, a driving force of the national and provincial economies, is falling again. ATB Financial’s Economics & Research Team on Thursday released data from Statistics Canada indicating that there were “whispers…

Canada a dry hole for oil and gas investors

Onerous regulations, higher taxes and a lack of pipeline capacity are taking their toll on Canada’s energy sector: Fraser Institute

Canada a dry hole for oil and gas investorsThe oil and gas sector in Canada has been through some challenging times in recent years, making investment in the sector nowhere near what it used to be. A new report released on Thursday by the Fraser Institute, an independent Canadian public think-thank, indicates just how bad that’s become. The 2018 Global Petroleum Survey said no…

Canadian oil production on the rise

StatsCan says crude oil production totalled 20.7 million cubic metres in July, up 7.6% from a year earlier

Canadian oil production on the riseCanada produced 22.5 million cubic metres (141.4 million barrels) of crude oil and equivalent products in July, up 8.1 per cent compared with the same month in 2017, says Statistics Canada. “The rise in production of crude oil and equivalent products in July was primarily attributable to a 15.2 per cent increase in non-upgraded crude…