Canada enters shadows
Rig fleet hits lowest activity since 1993; well permits drop 5.5% in 2007 from 2006; Alberta oil sands, natural gas hardest hit
For Petroleum News
The downturn in Canadian drilling is starting to register with the upstream sector operating at its lowest level in 16 years as low commodity prices, tight credit and Alberta’s new royalties leave their imprint.
The Canadian Association of Oilwell Drilling Contractors reported dismal numbers for Alb....
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