Page 5 - Carol Howes News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Article content The labour shortage in the oilfield threatens to keep equipment sitting idle as oil and gas companies boost spending on drilling, fracking and oilfield construction to cash in on crude oil prices that have rebounded from all-time lows to benchmarks above US$70 per barrel and natural gas prices over US$3 per thousand cubic feet. We apologize, but this video has failed to load. Try refreshing your browser, or Rigs sit idle and jobs go unfilled in Canadian oilfields as workers walk away from volatile job market Back to video Industry groups and labour market experts say workers are reluctant to return to the oilfield services sector because it has been so volatile in the last five years and companies have laid off thousands of workers to grapple with ever-changing commodity prices and investment levels.

Switzerland generalMark scholzGeoffrey morganCarol howesEnsign energy services ltdEnergy safety canadaPostmedia network incCanadian association of energy contractorsPrecision drilling corpPetroleum services association of canadaGurpreet lailPetroleum services associationPetroleum labour market informationCanadian associationPrecision drillingWestern canada