Efficiency gains fail to boost bottom line for oil and gas drillers
Analysts say rigs are drilling a third deeper per day compared to 2014 but average earnings per day have fallen by 25%.
Drilling group calls on Alberta, feds to show sector more respect
Head of industry association says 100,000 people are out of work in the oil and gas industry – the equivalent of one in six.
Notley says Ottawa owes Alberta economic payback
Premier touts province as a fundamental part to the Canadian economy.
Oil well drilling association forecasts 2016 to be worst year in a generation
Association anticipates a 57% drop in activity compared to 2014.
2,600 more oilpatch job losses coming: report
Industry association forecast predicts a 50% overall decline in oilpatch positions since mid-2014.
Oil industry ‘cautiously optimistic’ about prospects in 2013
CAODC expects about 40% of the group’s 830 rigs will be active in 2013.