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Home Tag Canadian oilpatch may defer $19 bln in capex spending if low prices persist

Tag: Canadian oilpatch may defer $19 bln in capex spending if low prices persist

A service rig, left, and a pumpjack in an oilfield outside of Weyburn, Sask., on June 8, 2009. With almost 150 countries, including Canada, poised to sign the Paris climate agreement at the end of this week in New York, some of the world's biggest oil companies aren't convinced there's any end in sight for fossil fuel use. THE CANADIAN PRESS/Troy Fleece ORG XMIT: CPT112

Canadian oilpatch may defer $19 bln in capex spending if low prices persist

CALGARY: Oil’s sharp decline into bear market territory this week threatens $19 billion in anticipated capital spending by Canadian energy ...

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© 2011 Customs Today -World's first newspaper on customs. Customs Today.