Petroleum Services Association of Canada

• Canadian 2021 drilling forecast rises due to higher commodity price expectations

  The improved outlook is consistent with other recent signs of optimism in the gloomy oil patch.

  Canada

  Jan 28
• Drilling forecast calls for 14% rebound in 2021 from depths of 2020 activity

  The organization that represents Canadian drilling contractors is forecasting a 14 per cent increase in the number of oil and gas wells to be drilled in Canada in 2021 compared with the historic lows this year.

  Canada

  Nov 18, 2020
• Advertisement
• Drilling forecast calls for even fewer Canadian oil and gas wells in ‘bleak’ 2021

  The Petroleum Services Association of Canada cut its 2020 Canadian drilling forecast three times over the past 10 months.

  Economy

  Oct 29, 2020
• Advertisement
• Prolonged oil industry slump leads to third cut in Canadian drilling forecast

  PSAC says it now expects just 2,800 wells will be drilled in Canada this year, down from a nearly 50-year low of 3,100 in its revised forecast in April.

  Canada

  Jul 29, 2020
• Canada’s oil and gas drilling forecast revised to 49 year low as producers cut spending

  The Petroleum Services Association of Canada has revised its 2020 Canadian drilling forecast to an almost 50-year record low of 3,100 oil and gas wells.

  Economy

  Apr 30, 2020
• Canadian oil and gas drilling activity expected to fall by 10 per cent in 2020

  The association representing oil and gas service companies is predicting a 10 per cent fall from current depressed levels of drilling in Canada next year.

  Economy

  Oct 31, 2019
• Line 3 pipeline setback more bad news for Canadian oilfield workers: CEO of industry group

  The president of the Petroleum Services Association of Canada says a court ruling in Minnesota that could further delay Enbridge Inc.'s Line 3 oil pipeline replacement project spells more bad news for Canadian oilfield workers.

  Environment

  Jun 3, 2019
• PSAC cuts oil and gas drilling forecast again as slowdown deepens

  The Petroleum Services Association of Canada is again lowering its forecast for how many oil and gas wells will be drilled in Canada this year.

  Money

  May 1, 2019
• Advertisement
• 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.

  Money

  Jan 29, 2019
• Advertisement
• Ensign shares jump as driller reports lower loss, higher revenue in 3rd quarter

  Shares in Ensign Energy Services Inc. closed about eight per cent higher at $5.49 Monday after it reported a smaller loss in its third quarter compared with a year ago, while revenue grew 17 per cent.

  Money

  Nov 5, 2018