NorthAmOil - North America Oil & Gas

Crescent Point to buy Kaybob Duvernay assets in Canada from Paramount Resources

Crescent Point Energy is to buy Kaybob Duvernay assets in Canada from Paramount Resources for CAD375mn ($277mn).

Oil sands giants plan to ramp up spending

Canada’s leading oil producers have unveiled plans to step up capital spending in 2023 as rising costs continue to pose a challenge for the industry.