This industry profile provides a five-year forecast for Canada’s Oil and Gas Support Activities Industry.
Canada’s Oil and Gas Support Activities Industry: Industrial Profile Spring 2011
Canada’s Oil and Gas Support Activities Industry: Industrial Profile Spring 2011
Industry Economic Analysis
$565.00
- Oil Prices—High oil prices are encouraging contract drilling activity and boosting demand for field support services.
- Natural Gas Prices—Weak natural gas prices continue to hamper drilling activity. As a result, growth in the number of operating gas wells has slowed to a crawl, limiting demand for some ancillary services.
- Labour Costs—With activity in the oil patch accelerating, so too is growth in industry wages. Rising costs will continue to challenge industry profitability.
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