Tag Archives: oil sands

Downturn in oil price has its blessings

While the oil sands business remains challenging because of low oil prices, business conditions are improving thanks to lower costs, more productive labour and hungrier service providers, developers said at an investment conference Wednesday. “The big change we have seen as an operator is that (staff) turnover is way down,” said Christopher Slubicki, CEO of [...]

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Alberta’s oil sands show signs of life

Unlimited overtime pay was just one of the many perks John Halbauer enjoyed as a welder during Alberta’s super-sized energy boom. That’s disappeared, along with 11 of the 25-year-old’s 13 co-workers who got laid-off in January. “I was worried. I didn’t know if I was going to have to move back home or what,” the [...]

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Now is the chance to make money in Oil.

While no one seems to be looking, the oil sands landscape is poised to change once again as global oil majors take steps to stake out even bigger holdings. But in contrast to the last wave of foreign takeovers, made at hefty premiums and sometimes for marginal properties, multi-nationals including Paris-based Total SA, London-based BP [...]

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