Oil, gas capital spending in US, Canada to jump sharply in 2000

Click here to enlarge imageBuoyed by higher crude oil prices, capital spending for oil and gas projects in the US and Canada will jump sharply this year from 1999 levels.According to Oil & Gas Journal's annual capital expenditure survey, US outlays this year are expected to approach 1998's level, reversing their plunge of 1999. Spending in Canada will continue to rise, although by a healthier margin than it did last year.Investments outside the US and Canada will dip, especially for upstream activities.A year ago, spending in 1999 was expected to plummet due to extremely low oil prices and weak natural gas prices that had prevailed at the end of 1998 (OGJ, Apr. 5, 1999, p. 4...

Why Register?


Why Subscribe?




Subscriber Help or Subscribe



Stay Connected