Archive for the ‘PetroLMI News’ Category

Modest recovery in the oil sands

Posted January 18, 2017 by Blog AdministratorLabour Market Information, Labour News, PetroLMI News

The past two years were among the most difficult for Canada’s oil sands sector. Low oil prices, cost-cutting and restructuring resulted in a loss of approximately 2,400 direct jobs and thousands more indirect jobs. Added to all of that, was the Fort McMurray wildfires, which brought many operations to a temporary standstill.

With the worst of the downturn thought to be over, the oil and gas industry is cautiously optimistic. A modest recovery of about 3,450 net new jobs in oil sands construction, maintenance and operations is expected by 2020. Continue reading

Now available: Oil Sands Labour Demand Outlook to 2020 Update

Posted December 14, 2016 by Blog AdministratorLabour Market Information, Labour News, PetroLMI News

Canada’s oil sands sector has experienced sustained cost-cutting, restructuring and deeper than anticipated job cuts in 2016, but a modest recovery of about 3,450 net job growth is projected over the next four years as companies shift their spending from expansion to maintenance, repair and optimization of their operations, according to PetroLMI’s latest labour demand outlook report.

The report, Oil Sands Labour Demand Outlook to 2020 Update, is an update to the February 2016 Labour Demand Outlook to 2020: Oil Sands Construction, Maintenance and Operations and i... Continue reading