Oil investment to increase by $700 million
Canada’s energy sector is boosting upstream capital investments this year. The Canadian Association of Petroleum Producers (CAPP) forecasts the sector to invest $40.6 billion (CAD) this year, up approximately $700 million over 2023 levels. According to Lisa Baiton, President and CEO of CAPP, there is cautious optimism with current Canadian oil production at record levels […]