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   How much oil & natural gas investment will Canada make in 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 2023 is forecast at $28.5 billion, while oilsands investment is expected to reach $11.5 billion.

   Oil and gas investment in Canada to hit $40 billion in 2023, industry

   globalnews.ca/news/9519907/canadian-association-of-petroleum-producers-oil-gas-investment/

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   How much will oil & natural gas invest in 2023?

   • CAPP says conventional oil and natural gas capital investment for 2023 is forecast at $28.5 billion, while oilsands investment is expected to reach $11.5 billion. CAPP says much of this year’s increased spending will go towards maintenance and incremental growth projects, as well as managing inflationary pressures.

   Oil and gas investment in Canada to hit $40 billion in 2023, industry

   globalnews.ca/news/9519907/canadian-association-of-petroleum-producers-oil-gas-investment/

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   How much will Alberta invest in oil & natural gas in 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) The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.

   Canadian producers predict C$40 bln 2023 upstream oil and gas

   www.reuters.com/business/energy/canadian-producers-predict-c40-bln-2023-upstream-oil-gas-investment-2023-03-01/

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   Will global oil demand rise in 2023?

   • The IEA also predicts that global oil demand will rise each year until 2030, but peak soon after as electric vehicles and efficiency gains undermine demand. Investment in oil and gas production in Canada will jump by 11 per cent to hit $40 billion in 2023, rising above pre-COVID levels.

   Oil and gas investment in Canada to hit $40 billion in 2023, CAPP says

   financialpost.com/commodities/oil-and-gas-investment-canada-40-billion-2023-capp

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   Will Canadian oil production hit $40 billion this year?

   • Paul Sancya, The Associated Press/The Canadian Press The Canadian Association of Petroleum Producers says it expects investment in oil and natural gas production in this country to hit $40 billion this year. The industry group says that’s 11 per cent higher than last year and also surpasses pre-COVID-19 pandemic levels.

   Oil and gas investment in Canada to hit $40 billion in 2023, industry

   globalnews.ca/news/9519907/canadian-association-of-petroleum-producers-oil-gas-investment/

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   Why did Canadian oil & gas prices spike in 2022?

   • That, combined with Russia’s invasion of Ukraine, saw oil and gas prices spike to record highs in 2022 — and many Canadian companies reaped record profits as a result. CAPP said this country’s conventional oil and natural gas capital investment for 2023 is forecast at $28.5 billion, while oilsands investment is expected to reach $11.5 billion.

   Oil and gas investment in Canada to hit $40 billion in 2023, CAPP says

   financialpost.com/commodities/oil-and-gas-investment-canada-40-billion-2023-capp

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2. financialpost.com › commodities › oil-and-gasOil and gas investment in Canada to hit $40 billion in 2023 ...

   financialpost.com › commodities › oil-and-gas

   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.

3. globalnews.ca › news › 9519907Oil and gas investment in Canada to hit $40 billion in 2023 ...

   globalnews.ca › news › 9519907

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   Mar 1, 2023 · CAPP says conventional oil and natural gas capital investment for 2023 is forecast at $28.5 billion, while oilsands investment is expected to reach $11.5 billion.

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     We will have the lowest oil inventories in at least 5 years by end of 2023: Eric Nuttall

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5. energynow.ca › 2023 › 03Oil & Gas Investing in Canada – See Where $40 Billion in 2023 ...

   energynow.ca › 2023 › 03

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   Mar 13, 2023 · Oil and gas investment in Canada is growing, creating jobs and prosperity for all Canadians. Investment is forecasted at $40 billion in 2023 along with the investments in research and development which focuses on reducing greenhouse gas emissions.

6. energynow.ca › 2023 › 03Oil and gas investment in Canada to hit $40 billion in 2023 ...

   energynow.ca › 2023 › 03

   • Cached

   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 2023 is forecast at $28.5 billion, while oilsands investment is expected to reach $11.5 billion.

7. www.cer-rec.gc.ca › en › data-analysisCanada’s Energy Future 2023: Energy Supply and Demand ...

   www.cer-rec.gc.ca › en › data-analysis

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   • End-use energy intensity trends by end-use subsector, Global Net-zero scenario. Description: This line chart shows energy intensity trends by end-use subsector in the Global Net-zero scenario from 2021 to 2050 (indexed to 100).
   • Kaya identity, or trends in key drivers of GHG emission levels, Global Net-zero scenario. Description: This line chart shows trends in the main drivers of greenhouse gas (GHG emissions), or Kaya identity in the Global Net-zero scenario.
   • 2050 GHG emissions, Global Net-zero scenario. Description: Net zero GHG emissions by 2050 means that any remaining emissions across the economy are offset by an equal number of removals.
   • Bioenergy demand by type and end-use sector, Global Net-zero scenario. Description: This stacked bar chart shows bioenergy demand in Canada’s four end-use sectors for the Global Net-zero scenario.

8. www.rec-cer.gc.ca › en › data-analysisCER – Energy Future 2023: Executive Summary

   www.rec-cer.gc.ca › en › data-analysis

   • Cached

   Key Findings. Canada’s Energy Future 2023: Energy Supply and Demand Projections to 2050 (EF2023) is the latest long-term energy outlook from the Canada Energy Regulator (CER). The Canada’s Energy Future series explores how possible energy futures might unfold for Canadians over the long term.

9. www.reuters.com › business › energyCanadian producers predict C$40 bln 2023 upstream oil and gas ...

   www.reuters.com › business › energy

   Mar 1, 2023 · The Canadian Association of Petroleum Producers (CAPP) said on Wednesday it expects oil and natural gas investment in upstream production will reach C$40 billion ($29.4 billion) in 2023,...