Source: cbc.ca, March 25, 2021 Companies are increasingly focusing on profitability over production to unlock value. Tough times for Canada’s oil and gas industry have taken a toll on jobs across the sector but a new labour outlook is forecasting “modest” growth in employment beginning next year. PetroLMI’s labour market outlook released Tuesday says direct… Continue reading ‘Modest’ Recovery for Oilpatch Employment Expected Next Year
Tag: oil field
Man dies at oilfield site in southern Saskatchewan
By Alexa Huffman, Global News, August 23, 2016 The Office of the Chief Coroner is investigating after a 27-year-old man died at an oilfield site near Alameda, Sask. Monday. According to the chief coroner, the death is considered work-related and there is no indication of foul play. On Aug. 21, STARS Air Ambulance said it… Continue reading Man dies at oilfield site in southern Saskatchewan
Private equity firms zeroing in on Western Canada oilpatch bargains
By Dan Healing, The Canadian Press, July 17, 2016 CALGARY — The largest energy-focused private equity firm in Calgary is ramping up its oilpatch investing pace to take advantage of bargain prices and an expected recovery in oil prices next year. ARC Financial Corp. has been more active than usual in 2016, fuelled in part… Continue reading Private equity firms zeroing in on Western Canada oilpatch bargains
Just how many jobs have been cut in the oilpatch?
By Tracy Johnson, CBC News, July 6, 2016 Estimates of job losses vary widely. Here’s a look at the numbers The pain of the oil price crash in Alberta has mostly been expressed through job losses, with the idea being that if we can put a number on it, we can get a sense of just… Continue reading Just how many jobs have been cut in the oilpatch?
Saskatchewan a hot market as oilpatch recovers
By Kyle Bakx, CBC News, July 4, 2016 Investor interest in Saskatchewan partly due to politics but mostly about economics A string of deals in the oilpatch suggests some investors are bullish on Saskatchewan and bearish on Alberta. Several different companies have purchased assets in Saskatchewan recently as both Penn West and Husky sold off properties in the… Continue reading Saskatchewan a hot market as oilpatch recovers
Oilpatch showing signs of life after string of deals
By Kyle Bakx, CBC News, June 15, 2016 Recession isn’t over in the energy sector, but the mood is changing Renewed interest from investors is spurring optimism in the oilpatch and helping at least one Calgary oil company pull itself from the brink of bankruptcy. A few weeks ago, Penn West warned it may default… Continue reading Oilpatch showing signs of life after string of deals
Canada's oil industry 'in the middle of a battle,' Brad Wall tells Calgary Petroleum Club
By Robson Fletcher, CBC News, June 8, 2016 ‘The other side has the glamour of Daryl Hannah, and we’ve got Rex Murphy,’ Saskatchewan premier says Canada’s oil industry faces an “existential threat” from a coalition of forces that includes Hollywood stars, proponents of the Leap Manifesto and universities, churches and public pension funds looking to divest… Continue reading Canada's oil industry 'in the middle of a battle,' Brad Wall tells Calgary Petroleum Club
Significant Investment For Kindersley Area
By SaskatoonHompage.ca, June 6, 2016 The Kindersley region is going to benefit from a company that has its eyes set on Saskatchewan. Raging River Exploration plans on investing three billion dollars in the province over the next 10 years with a majority of that investment coming in the Kindersley region. President and CEO Neil Roszell… Continue reading Significant Investment For Kindersley Area
Alberta tech firms feel oil price crisis differently
By Dan Healing, The Canadian Press, May 31, 2016 CALGARY – In the high stakes world of high-tech oilfield services, low oil and gas prices are hitting Calgary’s two largest publicly traded players, Pason Systems and Computer Modelling Group, in vastly different ways. Pason, which builds and rents sensitive instrumentation systems attached to most of… Continue reading Alberta tech firms feel oil price crisis differently
WTI price briefly back above $50 US for 1st time since October
By CBC News, May 26, 2016 Crude price has rallied after a series of production cuts including Fort McMurray The price of a barrel of the North American oil benchmark briefly touched $50 US for the first time since October. A barrel of West Texas Intermediate was changing hands at $50.03 early Thursday, up 47 cents… Continue reading WTI price briefly back above $50 US for 1st time since October