Striving to stay afloatCanada’s service sector turns to innovation to cut costs, ride out current storm; Beaver Drilling creates rig to optimize drilling GARY PARK For Petroleum News
Total revenue generated by Canada’s petroleum industry is forecast at C$74 billion this year, compared with C$149 billion in 2014, according to ARC Financial Corp.
And that’s about all anyone needs to know as they watch the tidal wave from thousands of layoffs and billions of dollars in spending cut....
[additional news subjects in this story]
Credit losses seen Rigs decommissioned Beaver Drilling’s response New rig ‘optimizes’ variables
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