This industry profile provides a five-year forecast for Canada’s Mining, Oil and Gas Support Activities Industry.
Canada’s Mining, Oil and Gas Support Activities Industry: Industrial Profile Spring 2015
Canada’s Mining, Oil and Gas Support Activities Industry: Industrial Profile Spring 2015
Industry Economic Analysis
$635.00
- Oil Prices—Weak oil prices continue to deter investment in oil projects, leading to large declines in demand for contract drilling and field support activities.
- Natural Gas Prices—Strong U.S. production has restored North American inventories following last year’s drawdown. This has kept gas prices weak, dampening growth in operating gas wells, and thereby limiting demand for ancillary services.
- Oil Sands—Despite the low prices, production from the oil sands will continue to grow in 2015. This should help to support the demand for drilling, asset management, and staff accommodations.
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