Oil sands best hope for cap-ex hikeCompanies still edgy over late 1990’s prices; new wave of oil sands projects could rescue E&P investment Gary Park Petroleum News Calgary correspondent
A proliferation of income trusts that is gutting the mid-size E&P sector and a pullback by several majors from Western Canada’s conventional oil and natural gas plays are likely to take a bite out of upstream spending in 2004.
But a new wave of oil sands projects could rescue overall capital investm....
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Five producers have announced 2004 budgets
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