For Canada's energy industry, 2022 was the year that finally snapped a decade of weak commodity prices and brought prosperity back to the sector. But most of these profits went to paying down debt and rewarding shareholders, not into major construction or infrastructure projects, analysts say.
Canadian oil and gas companies are expected to increase spending in 2023, but analysts say it will be another year of modest growth and not a return to boom times.
Canadian oilpatch likely to surpass 2022's production record, but only slightly ominecaexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ominecaexpress.com Daily Mail and Mail on Sunday newspapers.