Sentences with phrase «of oilpatch»

The records, including a leaked email and an internal government memo from January 2016, provide a glimpse into public servants» deliberations over opposition to the multi-billion-dollar Kinder Morgan project as well as the power and influence of the oilpatch over Canadian government policies.

Some bright spots: revival of the oilpatch; increases in M&A s; more class action certification; and the return of commercial real estate.

It was thought the policy would encourage drilling of wells and development of the oilpatch.

The Corporate Mapping Project report by earth scientist David Hughes may attempt to cast some illumination on the facts underlying this debate, but it is not likely in the current overheated circumstances to get much attention except as the work of «enemies» of the oilpatch who «want to destroy» Alberta jobs.

Not exact matches

Their costs for capital, labour, land, energy and other resources are subsidized such that they generate huge retained earnings, much of which is being reinvested in foreign real assets like Canada's oilpatch, says U of T's Dobson.

Most people working in the oilpatch in the summer of 2014 had never known a prolonged downturn.

The 2015 share performance of the other oilpatch firms Edwards has major stakes in, Ensign Energy Services and Penn West Petroleum, was even worse.

In the room were some 1,500 energy sector executives, most of them in a tetchy mood, given that oil was south of US$ 50 a barrel and over 35,000 Albertans had lost oilpatch jobs up to that point in 2015.

«What we're seeing is a whole bunch of engineers who were laid off from the oilpatch,» he says.

It was no coincidence that the last surge of foreign investment in Canada's oilpatch followed the Arab Spring and came from China.

TORONTO — The slowdown in the oilpatch is again showing its effects on the wider economy, this time with Telus Corp. citing the struggling Alberta economy along with a very competitive market as factors that took a big bite out of fourth - quarter profits.

While many Alberta businesses were feeling the sting of a slowdown in the oilpatch last year, ONEC grew its revenues by 16 %, increased its workforce

After all the frenetic deal - making of the past few years, Canada's oilpatch is now finding itself in the grip of an unaccustomed drought of mergers and acquisitions.

But the University of Alberta has more to offer than proximity to the oilpatch.

Yet like the forest industry then, the oilpatch today has problems with international acceptance of its products and resistance at home to many of the things it wants to do and used to do happily, without a peep of protest — building pipelines being chief among them.

Even so, there are lessons to be drawn from how forest companies found their way out of this stalemate, some of which can be directly applied to the oilpatch:

Working in oil can be dirty, but it pays The oilpatch is booming, and several of our Top 50 jobs are related to the energy sector, including two in the Top 10.

Perhaps that shouldn't surprise, given that the oilpatch is far and away Canada's largest driver of employment and economic activity.

He estimates it would cost $ 100 billion to boost production to the levels of today's leading oil exporters — close to double the current investment in the oilpatch.

As a result, many observers view the Canadian oilpatch's problem as simply one of infrastructure that the industry will find ways to solve.

The defectors included some of this country's most seasoned recruiters, folks who had handled marquee assignments with Canada Post and Bank of Canada (including the hiring of Stephen Poloz to replace Mark Carney), top oilpatch companies and universities.

But the prime minister may take more of the 180 days allowed to ponder assent of the Northern Gateway oil pipeline than his supporters in the oilpatch expect.

Making that happen will require not only a shift in our industry, but reconsideration of the fundamental assumptions that built the oilpatch.

It's taken a while, but the homegrown investors are finally coming out of the woodwork as the oilpatch heavyweights get bogged down.

Add to that a substantial corporate reorganization at the top, which included both promoting some long - term Husky insiders, but also bringing on - board five new senior VPs with deep oilpatch experience (including John Myer, now Husky's senior vice-president of oilsands, from Suncor Energy, and Rob Symonds, Husky's senior vice-president of Western Canada productions, from Enerplus Resources Fund), and Ghosh was ready to focus on crafting the new Husky story.

But after years of growth, Calgary's high - end housing market declined last year as the downturn in the oilpatch hurt consumer confidence.

«Long, slow recovery»: After 3 years of heavy losses, Canadian oilpatch to eke out paltry gains this year

As Cosh puts it, «The oilpatch isn't distinguishable from other kinds of mining or manufacture, or even service businesses, in the degree to which it involves risk, innovation, or scientific sophistication.»

But after years of growth, Calgary's high - end housing market declined last year as the downturn in the oilpatch hurt consumer confidence.

But continued economic uncertainty in Calgary due to troubles in the oilpatch will increase the number of homes available and contribute to declining prices in both the top - tier and conventional markets in Alberta's largest city, it said.

Brent Ballash, owner and managing director of Calgary - based Amorea Designs, says consumers are certainly spending more conservatively as a result of massive layoffs in the oilpatch.

It's not a case of what I believe or want to believe since there is 56 years of global oilpatch experience as a petroleum, minerals and environmental geologist to back up my statements.

As a petroleum, minerals and environmental geologist with 56 years of global oilpatch experience, Walt's foolish comments require serious correcting.

This was first understood by making a vow at the birth of my second grandson, almost 20 years ago to wake up my professional oilpatch colleagues to their responsibilities in becoming better citizens of the world.

The affect of Gustav on the oilpatch appears to be a variation of» No Child Left Behind,» only this time it's our entire country that's being left behind.

Your comments, along with others in the North American oilpatch have given geology and geologists a very bad name in the minds of the general public.

«It's allocation of risk with respect to environmental liabilities, particularly as it relates to asset transactions in the oilpatch,» he says.

However, as the price of crude has plummeted and investment in the oilpatch has dried up, both residential and commercial properties in the region have stopped switching hands as owners take a wait - and - see approach.

The slumping oilpatch is continuing to hit the Fort McMurray housing market, where the average MLS sale price of a home plunged by more than $ 117,000 in October.