Alberta oil patch forecast

13 Nov 2019 Drilling association forecasts almost no growth in 2020 oilpatch activity. The stand-pat forecast is more positive than one released two weeks  The Daily Oil Bulletin (DOB) is the most trusted source of exclusive news, data and analysis for Canada's oil and gas industry.

Premier Jason Kenney vowed Wednesday to keep fighting for Alberta's slumping oil and gas sector as the industry unveiled another disappointing drilling forecast and criticism surfaced from an The Alberta government twice rolled back part of the initial 325,000 barrels per day reduction imposed on large producers of crude oil and bitumen by a total of 150,000 barrels per day. Published Wednesday, June 17, 2015 6:47AM MDT. An industry jobs forecast in Alberta has some grim news for those working in the energy sector, saying that 25,000 people could lose their jobs in 2015. Oil is currently sitting at $60 per barrel, well down from the price last year. PSAC Forecast Update Oilpatch downturn – five years and still counting CALGARY, AB (January 30, 2020) – In its first update to the 2020 Canadian Oilfield Services Activity Forecast, released today, the Petroleum Services Association of Canada (PSAC) has revised the number of wells drilled (rig released) across Canada for 2020 to 4,800 wells. The stand-pat forecast is more positive than one released two weeks ago by the Petroleum Services Association of Canada, which called for a 10% drop in wells drilled next year to 4,500, down from PetroLMI says the workforce is forecast to drop to about 173,300 in 2019, a decline of 23 per cent from 226,500 in 2014. Watch: The impact of automation on Alberta's oilsands. Story continues below.

3 Mar 2020 trucking company serving the province's dying oilpatch has closed its helped in transporting “hot oiler units” used in cold weather climates.

A new report says direct employment in Canada's oil and gas sector is expected to fall by more than 12,000 jobs this year. PetroLMI says the workforce is forecast to drop to about 173,300 in 2019, a decline of 23 per cent from 226,500 in 2014. Oil production will increase from 3.85 million barrels per day in 2016 to 5.1 million in 2030, according to the Canadian Association of Petroleum Producers (CAPP) in its 2017 forecast released on Tuesday. The main growth driver will be the Alberta oilsands, which is expected to grow production by 53 per cent during that time frame. CALGARY — Premier Jason Kenney vowed Wednesday to keep fighting for Alberta's slumping oil and gas sector as the industry unveiled another disappointing drilling forecast and criticism surfaced from an unlikely source, the Swedish central bank. Premier Jason Kenney vowed Wednesday to keep fighting for Alberta's slumping oil and gas sector as the industry unveiled another disappointing drilling forecast and criticism surfaced from an The Alberta government twice rolled back part of the initial 325,000 barrels per day reduction imposed on large producers of crude oil and bitumen by a total of 150,000 barrels per day.

8 Apr 2019 More than 50000 jobs directly related to oil and gas have PetroLMI warns of mass job losses in Canada's oil patch this year. PetroLMI says the workforce is forecast to drop to about 173,300 in 2019, a decline of 23 per cent from 226,500 in 2014. Watch: The impact of automation on Alberta's oilsands.

14 Nov 2019 CALGARY -- Premier Jason Kenney vowed Wednesday to keep fighting for Alberta's slumping oil and gas sector as the industry unveiled 

A new report says direct employment in Canada's oil and gas sector is expected to fall by more than 12,000 jobs this year. PetroLMI says the workforce is forecast to drop to about 173,300 in 2019, a decline of 23 per cent from 226,500 in 2014.

In all, non-renewable energy sources are expected to make up 15 per cent of Alberta’s total revenues by 2022-23, hitting $8.5-billion from the $5.1-billion forecast for 2020-21. A new report says direct employment in Canada's oil and gas sector is expected to fall by more than 12,000 jobs this year. PetroLMI says the workforce is forecast to drop to about 173,300 in 2019, a decline of 23 per cent from 226,500 in 2014.

This represents an increase of 300 wells, or 7 percent, from PSAC’s original 2020 Forecast released in October 2019. PSAC is basing its updated 2020 Forecast on average natural gas prices of $1.85 CDN/mcf (AECO), crude oil prices of $59.00 USD/barrel (WTI) and the Canada-US exchange rate averaging $0.76.

9 Dec 2019 Alberta's oil industry has faced crisis after crisis, and while Canada's oil Job losses, office vacancies, and oil companies leaving the oil patch all the Canada Energy Regulator, forecast the production of crude oil in the  12 Dec 2019 Calgary—ATB Financial's newest Alberta Economic Outlook shows our province's real GDP is forecast to grow slightly higher—0.9 per cent—in 2020. up at least a little for Alberta's beleaguered oil patch,” said Todd Hirsch,  13 Nov 2019 Drilling association forecasts almost no growth in 2020 oilpatch activity. The stand-pat forecast is more positive than one released two weeks  The Daily Oil Bulletin (DOB) is the most trusted source of exclusive news, data and analysis for Canada's oil and gas industry.

23 Dec 2019 3, 2019) Texas is taking advantage of Alberta's weakened oil sector, enticing Canadian energy workers to move to south. Dallas Flexhaug  16 Jan 2020 Scotiabank this week forecast 2020 growth of 1.6 per cent. The weakening outlook for Alberta's oil has a lot to do with that. The price of a barrel  14 Nov 2019 CALGARY -- Premier Jason Kenney vowed Wednesday to keep fighting for Alberta's slumping oil and gas sector as the industry unveiled  17 Dec 2019 Alberta wants to flip the script in oilpatch's favour — it won't be easy. "Now, investment is still much, much lower than it was in 2014. So we have