Capital spending by Canada's oil and gas producers hit a historic low in 2020, but the industry will see a C$3.36 billion (US$2.66 billion) bounce in upstream spending this year, mostly in Alberta and British Columbia, according to a forecast by the Canadian Association of Petroleum Producers (CAPP). The industry was pounded last year by the »

Norway's oil major Equinor has announced plans to invest 287 million euro ($353 million) in the North Sea Statfjord Øst field to improve recovery by 23 million barrels of oil equivalent (boe). Statfjord Øst is tied back to the Statfjord C platform by pipelines. A total of four new wells will be drilled from existing subsea templates. The project also »

A growing number of natural gas processing plant projects are dotting the landscape as gas is extracted from U.S. tight shale formations. Industrial Info's natural gas processing plant database is tracking more than 100 projects for planned, or already underway, natural gas processing projects involving grassroot construction or expansions at existing plants. While the bulk of these projects are »

Since crude oil prices tanked four years ago, the oil pipeline industry has seen many setbacks and slowdowns. Permitting woes, public resistance and narrow profit margins - both upstream and downstream pipeline companies - have made major oil pipelines seem like increasingly risky propositions. As such, Industrial Info saw very low growth in crude oil pipelines in the u.s »