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 2014
Canada’s Oil and Gas Support Activities Industry: Industrial Profile Spring 2014
Industry Economic Analysis
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- Liquefied Natural Gas—The proposed natural gas export facilities on B.C.’s coast will support natural gas drilling activities, such as delineation and reserve definition, as producers determine the LNG investment opportunity.
- Natural Gas Prices—The cold winter in North America has pushed up prices and encouraged drilling activity to restock inventories for next winter.
- Oil Sands—With capital spending in the oil sands expected to exceed $20 billion this year and remain elevated in the near term, the demand for drilling, asset management, and staff accommodations will remain strong.
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