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Alberta oil companies plan to work closely with Rachel Notley, CAPP says

2015-05-15 09:51:08| Oil & Gas - Topix.net

Alberta's energy sector will form a new committee to work closely with Rachel Notley and her NDP government, says the Canadian Association of Petroleum Producers. "Albertans voted for change and we are prepared to work with the new government to explore and embrace the best change possible," CAPP president Tim McMillan said in a news release.

Tags: work plan companies oil

CAPP predicts oil investment will drop by a third as prices languish

2015-01-22 06:36:37| Oil & Gas - Topix.net

The Canadian Association of Petroleum Producers is expecting oilpatch investment to drop by a third - or $23 billion - this year compared with 2014, while output is seen growing at a slower clip than previously predicted. The oil and gas industry group released an updated forecast Wednesday as crude prices continue to languish below US$50 a barrel.

Tags: prices investment oil drop