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Last year was a disappointing one for the Canadian oilfield service industry as a whole, and 2019 will be even worse based on results of the 2019 Daily Oil Bulletin Service & Supply Outlook Survey.
Canada’s oilfield services industry saw a major turnaround in 2017 as higher oil and gas prices resulted in increased capital investment by producers. The third annual JWN Oil & Gas Service & Supply Outlook Survey finds the sector still in recovery mode, with most companies remaining shy on spending capital for growth. Companies also continue to look for diversification opportunities within the industry, into new markets, and into other industries. And they continue to invest in new technologies to make their operations — and their customers’ operations — more efficient.
The 2017 Service & Supply Outlook report will seek to understand the industry’s perceptions of the future, and explore how these have changed over the last year with respect to collaboration, succession transition, culture-shift, and technology disruptions
A comprehensive overview of the current state of the oil and gas service and supply industry globally and within Canada.
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