Tag: PSAC
Canada needs ‘energy brand’ oilfield services association tells Ottawa
“Supplying the world with Canadian energy would help reduce global GHG emissions. The world needs more Canada.” The Petroleum Services Association of Canada has sent a message to Canadian parliamentarians: Canada needs a brand for energy that communicates the country’s strong oil and gas regulations and its commitment to lowering greenhouse gas emissions. PSAC highlighted […]
PSAC forecasting 7,900 wells drilled in 2018, better than 2017
2018’s activity to be better than 2015, 2016 and 2017 The Petroleum Services Association of Canada (PSAC) released its 2018 Canadian Drilling Activity Forecast, with an expectation of 7,900 wells drilled in Canada, according to a press release. For 2017, the association’s final revised forecast predicts a yearly total of 7,550 wells. PSAC bases its […]
PSAC boosts 2017 drilling forecast 60%, service rates rise more slowly
3,320 wells to be drilled in Alberta, up from 1,900 wells in the original PSAC forecast The Petroleum Services Association of Canada (PSAC) announced a revision of the forecasted number of wells drilled across Canada for 2017 to 6,680 wells, according to a press release. That’s an increase of 2,505 wells and a 60 per cent […]
Industry group boosts Canadian oil well drilling forecast
Canadian oil services company seeing uptick in activity CALGARY, Alberta, Jan 30 (Reuters) – The Petroleum Services Association of Canada upped its 2017 Canadian oil and gas well drilling forecast by 23 per cent on Monday as global oil prices recover from a two-year rout. The industry body now estimates 5,150 wells will be drilled across Canada […]
My New Year’s wish for Canadian oil/gas: Time to ditch outdated politics
CAPP understands link between climate policies and pipelines. Other energy associations not so enlightened My New Year’s wish for the Canadian oil and gas industry is a spanky new political worldview that embraces the energy transition, and an effective communications program that finally – finally! – engages with the Canadian public. One of the enduring […]
Equalization payments for pipelines? PSAC’s plan is flawed in so many ways
Equalization payments for pipelines is unconstitutional, poor way to stimulate Canadian debate Mark Salkeld is basking in oil and gas industry approval for his recent media comments about linking Eastern Canada equalization payments and pipelines approvals. He shouldn’t be. The strategy is wrong-headed and ultimately harmful to industry’s own interests. Salkeld is the CEO of […]
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