Bleak 2021 forecast for Canadian oilfield services sector

2021 Canadian Oilfield Services Activity Forecast said a total of 2,600 wells (rig releases) to be drilled in Canada in 2021

Bleak 2021 forecast for Canadian oilfield services sectorAnother bleak year is forecast for Canadian oilfield services sector as the Petroleum Services Association of Canada released a report Thursday. “On the heels of a 42 per cent plunge in activity in 2020 from 2019, PSAC forecasts a continued decline in well drilling to lows not seen in decades,” said PSAC Interim President &…

Setting the stage for clean geothermal development

“Opportunities like this are rooted in Alberta’s extensive experience in oil and gas drilling. The ability to diversify Alberta’s economy and build a geothermal sector is enabled by the vast geological and technical expertise of our energy industry."

The Alberta government announced Wednesday it is taking steps to create the conditions for industry to safely and successfully harness clean energy from the earth. The government said it is set to have discussions this fall with key groups and introduce legislation to create greater policy and regulatory certainty for investors and Albertans.

Strengthening and diversifying the natural gas sector

Premier Jason Kenney, Energy Minister Sonya Savage and Associate Minister of Natural Gas and Electricity Dale Nally announced a strategy to grow and expand the natural gas sector.

Premier Jason Kenney, Energy Minister Sonya Savage and Associate Minister of Natural Gas and Electricity Dale Nally announced a strategy to grow and expand the natural gas sector.

Oil and gas extraction sector’s contribution to Canadian GDP

“The oil and gas extraction sector in Alberta has made a significant contribution to Canada’s GDP, output and jobs over the past decade."

Oil and gas extraction sector’s contribution to Canadian GDPThe Canadian Energy Centre on Tuesday released its latest Fact Sheet: “$50 billion and $512 billion to Ottawa: The Alberta oil and gas sector (and Alberta’s) contribution to federal finances, 2007 to 2018.” “The oil and gas extraction sector in Alberta has made a significant contribution to Canada’s GDP, output and jobs over the past…
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