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Why BC’s natural gas sector looks so bright By Nelson Bennett | January 29, 2021, 12:38pm
Pacific Canbriam uses holding ponds and pipelines to recycle 100% of the water used in its hydraulic fracturing operations in B.C. | Pacific Canbriam
The year just passed was one of the worst in decades for Canada’s oil and gas sector.
The Petroleum Services Association of Canada reckons the 3,100 oil and gas wells that were estimated to have been drilled in Canada in 2020 was the lowest since 1972, thanks to the pandemic and low oil prices.
It’s estimated employment in the oil and gas services sector fell 26% in 2020 (a decrease of about 20,000 jobs).
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