Down to handful of active rigs, Canada’s oil and gas drillers face permanent contraction

Canada’s drilling rig count, a bellwether of the oil and gas industry’s growth, has plummeted far below previous records, raising risks that much of the country’s equipment will permanently fall out of service. Just 18 rigs were active last week in the world’s fourth-largest oil-producing country,...

https://www.hellenicshippingnews.com/down-to-handful-of-active-rigs-canadas-oil-and-gas-drillers-face-permanent-contraction/