Connecting to LinkedIn...

W1siziisijiwmtuvmdqvmtuvmdgvntqvmzgvnzi1l01ptlrbu0hfqkxpr19vtljftkrfukvex0lnqudfx3jlc2l6zwrfyw5kx3jlbmrlcmvklmpwzyjdlfsiccisinrodw1iiiwimtkymhgxmjuwiyjdxq

Blog

Increased oil and gas investment in Saskatchewan

6/07/2016 by Usha Tyagi

W1siziisijiwmtyvmdcvmdyvmtavmzivmjuvotqvt2lsigfuzcbnyxmuanbnil0swyjwiiwidgh1bwiilci2mdb4ndawxhuwmdnlil1d

Much of the oil and gas industry around the world remains in turmoil as falling prices and increasingly challenging operating environments make it difficult for many companies to carry on. However, amidst much downsizing, redundancy and business upheaval across the globe, investment remains. In Canada, for example, it has been revealed that though the oil and gas industry in Alberta continues to experience troubling times, the opposite is true in Saskatchewan, where investment in this industry is actually on the rise. Though well below overall operations in Alberta, new signs of growth are a positive sentiment for the sector.

Energy investors have had to become increasingly savvy over the past few years. Though the price of oil has plummeted, with much of the drop attributed to over-supply, energy is still required around the world and, as such, investment opportunities can still be attractive for the right people. Whilst Alberta has lost favour with many companies due to falling prices, it doesn’t mean that investors are sitting on their hands. In fact, recent deals have taken place in Saskatchewan and, as a result, have boosted the province’s position amongst the players in the oilfield service sector.

There are a variety of factors influencing just which opportunities seem the most lucrative and attractive to prospective investors. The recent commodity prices, for example, have made the light oil market more eye-catching to some. Meanwhile, Petroleum Services Association of Canada Chief Executive Officer and President Mark Salkeld said that politics also plays an important role. “Premiere [Brad] Wall is, no surprise to anybody, an unabashedly proud supporter of the oil and gas industry,” he said. Salkeld continued by saying that geographical location, particularly proximity to the US border, was a factor, as is transport. For example, train capacity can affect how attractive specific oil and gas areas can be. “The producers who were active in those plays in Saskatchewan were ramping up their railcar loading capacity because their product was in demand in the US,” he said.

It isn’t a complete loss for Alberta, however, with Salkeld saying that the province’s crude oil is still in demand. As a result, if and when prices begin to see upwards movement once again, it’s likely that local industry operations will pick up again. He added that even during slower periods, Alberta still has between two and three times as many new wells drilled in comparison to Saskatchewan.  

 

 

 

About Us

Montash is a multi-award winning global technology recruitment business. Specialising in permanent and contract positions across mid-senior appointments across a wide range of industry sectors and IT functions, including:

ERP Recruitment, BI & Data Recruitment, Information Security Recruitment, Enterprise Architecture & Strategy Recruitment , Energy Technology Recruitment, Demand IT and Business Engagement Recruitment, Digital and E-commerce Recruitment, Leadership Talent, Infrastructure and Service Delivery Recruitment, Project and Programme Delivery Recruitment.

Montash is headquartered in Old Street, London, in the heart of the technology hub. Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid management in permanent and contract roles.

 

 

 

 

 

 

 

comments powered by Disqus

Social Stream

Latest News

W1siziisijiwmtcvmdcvmtgvmdgvndcvmduvntu5l2jpz3n0b2nrluv4b3rpyy1qyxjhzglzzs1ucmf2zwwtvg91cmktmtc2mju4ndm3lmpwzyjdlfsiccisinrodw1iiiwimzgwedewmcmixv0

Getting Ready to Switch Off

2017-07-17 09:00:00 +0100

According to research by online travel company Expedia, just 53% of workers come back feeling rested after they’ve been on holiday. When you bring work-related stress on holiday with you, you’re never going to be able to truly switch off. So if you've got a summer holiday coming up, what should you do to switch off and unwind? Before you leave... Plan ahead As soon as you know when your last day of work is, make a plan. You don't want to get to that fin...

W1siziisijiwmtcvmdyvmzavmtyvmtgvmjavmtg5l3nodxr0zxjzdg9ja182njkxody3mdkuanbnil0swyjwiiwidgh1bwiilcizodb4mtawiyjdxq

In Her Shoes... SAP Contracting

2017-07-03 09:00:00 +0100

In IT, being a freelancer is very common; due to the nature of project work or other life commitments. SAP is an area in which a quality freelancer can really thrive. We sat down with one of our SAP freelancers, who has 20 years' experience, to find out more about SAP and working under a contract employment model. "After getting a degree in computing, I started my career as a training assistant, but I've always liked to fix things. I used to fix my own ...