Drilling will be reduced even more than usual: 31% decline forecast for average working rig count in Canada for the rest of 2020.
Company hopes to put 45 to 50 rigs to work in Western Canada in the third quarter.
Slowdown due to decaying investor confidence as export pipeline projects are delayed.
The Canadian drilling market would benefit from more consolidation given recent declines in drilling activity.
Drilling contractors have relocated 20 of their rigs to the US in 2018 to now, up from just six in 2017.
Sales give companies the right to drill exploration wells on land where the province owns the mineral rights.
Seeking energy dominance by exporting oil, gas and coal to global markets.
Drillers and service companies are rehiring staff and redeploying equipment after cutting costs to the bone during the downturn.
PSAC concerned competition from the US pro-business policies of the president.
Head of industry association says 100,000 people are out of work in the oil and gas industry – the equivalent of one in six.
Potentially toxic substance released after leak at Nova Gas Transmission Ltd. site.
Association anticipates a 57% drop in activity compared to 2014.
Needs emergency capping stack for deeper drilling off Alaska’s northwest coast.
Vale Canada contract includes drilling, monitoring, and pumping of wells, aquifer tests and groundwater and surface-water sampling.
Contract will generate $20 million in revenue for HNZ Group Inc., the Montreal-based owner of Canadian Helicopters.