Canada's upstream spending set for 41% y/y decline
Rystad Energy expects total 2020 Canadian upstream spending to fall below CAN$21 billion.
Rystad Energy expects total 2020 Canadian upstream spending to fall below CAN$21 billion.
The March/April issue of Oilfield Technology is now available online! This issue features an array of technical articles, case studies and regional reports.
Nigeria’s state oil company has delayed publishing its future oil export plans as it negotiates with local companies and international majors about how to cut output.
Rystad Energy’s Head of Oil Markets, Bjornar Tonhaugen, has said that oil prices will likely continue falling until significant upstream shut-in volumes commence.
The cancellation has been been prompted by Norway banning all events of more than 500 people until 1 September 2020 due to the Covid-19 pandemic.