Oil and gas capital spending to rise in US, fall in Canada

Capital spending for oil and gas activities in the US will rise this year but at a slower rate than last year. In 2006, upstream spending surged as a result of increased activity and high costs as oil prices held firm.Meanwhile, total capital spending in Canada will decline this year, but spending for oil sands development there will continue to climb.Total capital expenditures for upstream and downstream oil and gas projects in the US during 2007 will be $183 billion, up from $176 billion last year. In 2005 spending totaled $135 billion.In Canada, total capital spending will dip to $50 billion from $53 billion last year and $45 billion 2 years ago.Upstream spending outside the US and Can...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected