Drilling association forecasts almost no growth in 2020 oilpatch activity

By Staff The Canadian Press Posted November 13, 2019 12:11 pm Smaller font Descrease article font size –A Larger font Increase article font size A+ The association that represents Canadian drilling companies is forecasting a minuscule improvement in drilling activity…

Canadian oil and gas drilling activity expected to fall by 10 per cent in 2020

By Staff The Canadian Press Posted October 31, 2019 5:29 pm Updated October 31, 2019 5:30 pm Smaller font Descrease article font size –A Larger font Increase article font size A+ The association representing oil and gas service companies is…

Slow summer causes drilling forecast to go from bad to worse

The Canadian oilfield services sector is expected to continue to suffer as it enters the summer drilling season despite recent developments such as the approval of the Trans Mountain pipeline expansion and the election of a conservative government in Alberta.…

Drilling forecast cut because of lower expectations for 2019 oilpatch spending

The Petroleum Services Association of Canada is cutting 1,000 wells from its 2019 drilling forecast due to what it calls deteriorating investor confidence in Canada. The industry group says it now expects 5,600 wells to be drilled in Canada this…