CALGARY – What a difference a year makes in Calgary’s downtown office market.
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Tag Archives: oilpatch
Where does Canada rank in the global oilpatch?
There are two ways to look at Canada’s oil wealth, found mostly in Alberta’s oilsands deposits.
One is to be amazed that we’re sitting on more than 170 billion barrels of oil — an immense resource by any yardstick.
Read more: http://tinyurl.com/n58fmxr
Oilpatch gets back to work despite flooded office towers
Of all the organizations forced out of their head offices since the Bow River flooded downtown Calgary none likely has more scrutiny on it to keep operations up and running than the newly created Alberta Energy Regulator.
Read more: http://tinyurl.com/kjqodz8
Oil patch companies cautious as price pressures build
The latest quarterly results from some key oil patch companies show how pricing pressures are translating into cutbacks or flat growth in their expansion plans this year.
Precision Drilling Corp., for example, is planning $526-million in capital expenditures this year, half the $1.1-billion it budgeted for in 2012.
Read more: http://tinyurl.com/d42hvny
Obama’s waning influence in Canada’s oil patch
BLOG: Anyone curious about how Barack Obama could influence decisions in the Canadian energy sector during his second term as President of the United States need only remember what happened to The West Wing after its fourth season.
Experts argue the President’s second term, much like the second half of the critically-acclaimed political drama’s 7-season run, will lose both relevance and resolve as the clock tics down to the inevitable finale.
In the meantime, Canada’s top oil and gas executives needn’t worry about anti oil sands rhetoric being formalized into White House opposition.
Read more: http://tinyurl.com/ave6k4m
County worried about proposed oilpatch response plans
Proposed changes to provincial regulations around oilpatch emergency response has raised concerns at Mountain View County council.
Alberta Energy Resources Conservation Board is updating Directive 071: Emergency Preparedness and Response Requirements for the Petroleum Industry and has asked for public feedback.
Read more: http://tinyurl.com/bxlttcd
Manufacturing going strong in Edmonton and area
Blanket statements about doing business in Alberta are dangerous things.
Conventional wisdom says manufacturing, outside the oil patch, is impossible.
We can’t compete against the Chinese. We can’t compete against the oil patch for wages. We can’t compete in transportation. And our input costs are too high.
The business folks who don’t actually make real stuff have accepted these “truths” without critical examination.
Read more: http://tinyurl.com/bzhczop
State-owned investors a new reality as Canada debates Chinese oilpatch bid
OTTAWA- The Chinese National Offshore Oil Corp.’s bid to buy Calgary oil producer Nexen Inc. is posing a conundrum to Canada’s governments and its people: what do we do when wealthy state-owned enterprises come calling?
Asking that question is easy. The hard part, it seems, is answering it.
Read more: http://tinyurl.com/ckk6dv7
Energy sector grapples with acute labour shortages
Any legitimate job offering $80,000-plus as a starting salary should be an easy sell to students in these troubled economic times, right? Wrong.
“Even in Alberta there is a poor connection in the K-12 education system to find balanced information about the oil and gas industry,” says Cheryl Knight, executive director and chief executive of the Petroleum HR Council of Canada. “The environmental messaging is much more attractive and probably easier to make interesting for students everywhere. It is a key problem that our industry faces, even just outside my door.”
Read more: http://tinyurl.com/9n5zeqe