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UN report must sound death knell for fossil fuels as Canada faces climate urgency
ctvnews.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ctvnews.ca Daily Mail and Mail on Sunday newspapers.
Rigs sit idle and jobs go unfilled in Canadian oilfields as workers walk away from volatile job market
leaderpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leaderpost.com Daily Mail and Mail on Sunday newspapers.
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The labour shortage in the oilfield threatens to keep equipment sitting idle as oil and gas companies boost spending on drilling, fracking and oilfield construction to cash in on crude oil prices that have rebounded from all-time lows to benchmarks above US$70 per barrel and natural gas prices over US$3 per thousand cubic feet.
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Industry groups and labour market experts say workers are reluctant to return to the oilfield services sector because it has been so volatile in the last five years and companies have laid off thousands of workers to grapple with ever-changing commodity prices and investment levels.
Rigs sit idle and jobs go unfilled in Canadian oilfields as workers walk away from volatile job market
edmontonjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from edmontonjournal.com Daily Mail and Mail on Sunday newspapers.
Cenovus logo seen at the company s headquarters in Calgary, Alta., November 15, 2017. Cenovus Energy Inc. reported a fourth-quarter profit of $113 million compared with a loss of nearly $1.36 billion in the same quarter a year earlier. The oilsands company says the profit amounted to nine cents per share for the quarter ended Dec. 31 compared with a loss of $1.10 per share in the fourth quarter of 2018. THE CANADIAN PRESS/Jeff McIntosh
CALGARY Cenovus Energy Inc. retired nearly $1 billion in debt in the second quarter as the easing of COVID-19 restrictions and a related commodity price surge provided a lift to Canadian oil and gas producers.