Canadian crude oil production plunges amid COVID-19
Canada produced 129.2 million barrel of crude oil and equivalent products in April, down 9% from April 2019, largest year-over-year decrease since June 2016
Canada produced 129.2 million barrel of crude oil and equivalent products in April, down 9% from April 2019, largest year-over-year decrease since June 2016
Report projects employment to plummet by 440,000 in Alberta during the COVID-19 (coronavirus) pandemic with unemployment rate soaring
A continued commitment of the participating producing countries to a stable market, said the Organization of the Petroleum Exporting Countries
On average, companies had revised their 2020 capital spending plans down 30 percent compared with 2019, says Bank of Canada survey
Recouping Alberta’s 7.7 per cent 2015–16 real GDP contraction by mid-2020 is now highly unlikely, according to Scotiabank report
Updated capital outlook of $1.1 billion to $1.2 billion, a $500 million (30%) reduction compared to original guidance of $1.6 billion to $1.7 billion
Ensign is reducing its capital expenditure budget from the previously announced 2020 budget of $100 million to $60 million
Budget reduced by 18 per cent, or $200 million, to $900 million in response to the significant decline in global energy prices
Capital investment has been revised to between $900 million and $1 billion from the original budget of $1.3 to $1.5 billion
The oil price situation and continued fears that the coronavirus will impact the global economy has led to the financial markets on a steep downward trend
Company points to reduced global economic prospects following the outbreak of the novel coronavirus (COVID-19) for the reduction
Assets generated record adjusted funds flow of approximately $10.3 billion and delivered record free cash flow of approximately $4.6 billion in 2019
Record attributed to higher output from Alberta oil sands and Newfoundland & Labrador offshore facilities, says Statistics Canada