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Canada’s Oil And Gas Industry Expects Upstream Investment To Surge This Year

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The Canadian oil and gas industry could see investments topping pre-pandemic levels at some C$40 billion, or $29.36 billion, the Canadian Association of Petroleum Producers said. The sum also represents an 11% increase over 2022 investment levels, equal to C$4 billion. “The year 2023 may be one of the most pivotal moments in time for Canada’s oil and natural gas industry. With an emerging liquefied natural gas export industry, the expected completion of the Trans Mountain pipeline expansion, and billions of dollars in emissions reduction…

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