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  1. Mar 2, 2023 · CALGARY — Investment in oil and gas production in Canada will jump by 11 per cent to hit $40 billion in 2023, the country’s largest fossil fuel industry group said Wednesday. The Canadian Association of Petroleum Producers (CAPP) said spending in the oilpatch in 2023 is expected to surpass pre-pandemic levels, three years after the arrival ...

  2. Mar 1, 2023 · Upstream oil and natural gas investment in Canada reached a low of $22 billion in 2020, as prices collapsed due to the pandemic. CAPP says conventional oil and natural gas capital investment for ...

  3. Investment and operations of the infrastructure created 142.6 thousand jobs and $22.8 billion in gross domestic product (GDP). In 2023, there were 223 planned (announced, under review, or approved) major energy projects worth $294 billion, and 120 energy projects under construction worth $180 billion. There were 233 clean technology projects ...

  4. Mar 1, 2023 · Published March 1, 2023 7:41 a.m. PST. Analysts say Canada's oil and gas industry will hit $40 billion in total investment in 2023, an increase of 11 per cent from last year. The forecast from the ...

  5. Mar 1, 2023 · CALGARY - Investment in oil and gas production in Canada will jump by 11 per cent to hit $40 billion in 2023, the country’s largest fossil fuel industry group said Wednesday. Storage is shown at ...

  6. Mar 1, 2023 · The International Energy Agency, which projects Canada will hit an all-time record for oil production this year, has said global oil demand is set to rise by 1.9 million barrels per day in 2023 ...

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  8. Mar 1, 2023 · In Alberta, investment is expected to reach C$28 billion in 2023, representing about 70% of all upstream oil and natural gas investment nationally, CAPP said. ($1 = 1.3602 Canadian dollars) Sign ...

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