Daily Oil Bulletin (dot com) reports this past week that capital expenditures in the Oilsands look to remain strong through out 2014, coming in equal or better than 2013. Even without counting the contribution from CNOOC owned Nexen, planned spending is expected to reach $24 billion, within 4% of the 2013 total.
This is good news for jobs, and economic benefits flowing through to the many sub-contractors serving the majors in the Alberta Oil industry. Alberta Tank Fabrication and Coating serves a growing number of the major players and enthusiastically invites inquiries for specialized tanks and sophisticated coatings from energy companies seeking additional capacity in these areas.
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