Global spending falls dramatically on the back of low prices & changing spending habits. Two years of acquisitions create new 90,000 boe/d for Appalachian Basin producer in U.S. Deal-making grinds to complete halt in uncertain Canadian climate.
The Canadian oil and gas industry is in crisis, with volatile prices, regulatory issues, and market access and diversification concerns driving down capital investment, according to the third annual Daily Oil Bulletin Industry Survey.
Read this post report providing insights into leading edge and future-oriented research on low carbon transport, along with their implications for Alberta—including the challenges of developing biofuels, lithium, and hydrogen industries within Alberta.