COVID-19 Casts $33 Billion Shadow Over Canada's Oil & Gas Investments

COVID-19 Casts $33 Billion Shadow Over Canada

SUGAR LAND--September 21, 2020--Researched by Industrial Info Resources (Sugar Land, Texas)--Canada is known for its vast wealth of oil and gas reserves. For crude oil alone, it ranks among the top nations, with an estimated 171 billion barrels of reserves, according to Canada's government. Yet Canada falls behind several other producing countries in the development of its reserves, with capital investments dropping during the past few years, according to reports. The COVID-19 pandemic has caused those investments to drop even more.

Within this article: COVID-19 impacted oil and gas projects in Canada Other companies featured: Royal Dutch Shell plc (NYSE:RDS.A), TC Energy Corporation (NYSE:TRP), Husky Energy Incorporated (TSX:HSE)

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