Posted May 4, 2018 by Blog AdministratorPetroLMI News
We’ve just released the Q1 labour force data for the oil and gas industry from Statistics Canada. All signs point toward industry recovering. Employment is up 5%, or 9,000 jobs, from last quarter, and oil prices have been above US$60 per barrel for all of 2018. After the last three years of job losses, there is some optimism that the worst is behind us.
The services sector has seen close to 65% of the employment growt... Continue reading
Posted March 1, 2018 by Blog AdministratorPetroLMI News
Three years after oil prices began to plummet and overall expansion of the oil and gas sector halted, the labour market is still adjusting. While unemployment rates have declined in recent months, much of it has to do with workers leaving the oil and gas industry for different opportunities. The recent stabilization of oil prices has created some optimism, but, continued uncertainty about the economic and market challenges, combined with regulatory, environmental and geopolitical forces are limiting new investment prospects.
Oil and gas companies and service providers that support th... Continue reading
Posted January 9, 2018 by Blog AdministratorPetroLMI News
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