Service sector gets hammeredCanadian drillers forced to idle rigs, eliminate jobs, cut paychecks of staff, executives, pullback from some foreign operations Gary Park For Petroleum News
The costs of the rapid erosion of Canada’s upstream sector have landed squarely on supply and service companies, who are under extreme pressure to rebid on contracts or slash a minimum 20 percent off their orders.
Many of those companies have made it clear they will not play ball as they eliminate j....
[additional news subjects in this story]
Calfrac leaves Colombia Trican cutting salaries Trinidad laying off staff Bottom line carries high cost
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