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Vol. 14, No. 16 Week of April 19, 2009
Providing coverage of Alaska and northern Canada's oil and gas industry


Canada pays for cost structure

Oil, gas capital spending cut projected at 36%, compared to 30% in US, 17% worldwide; costs of conventional activity blamed

Gary Park

For Petroleum News

The evidence keeps pointing to a dismal year in Canada’s oil and gas upstream. A Tristone Capital study is now projecting a 36 percent drop in Canadian capital spending to C$33 billion from C$52 billion in 2008 — compared with expected cuts of 30 percent in the United States and 17 percent worldwide....

    [additional news subjects in this story]

Cheap LNG a challenge

Industry virtually stalled


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