Global Financial Crisis: The Impact On Canadian Oil Sands Projects

As concerns over slowing US oil demand and falling crude prices mount, several international oil companies (IOCs) are in the process of reviewing their capital expenditure (capex) plans for 2009 and beyond. While conventional oil and gas development projects are unlikely to remain unaffected by the global financial crisis and could face delays, it is unconventional projects with their much greater capital intensity where the current crisis will have the greatest impact.

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