PSAC in the News

2016

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National Energy Board report recommends conditional approval of the Trans Mountain Expansion Project – May 19, 2016
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“‘Fort McMurray will get rebuilt’: Oil services companies start work on resurrecting oilsands hub” – May 13, 2016

  • “They are hurting, but they are out there helping out peers and citizens — nobody’s really quantifying the cost, they are just getting it done,” says Mark Salkeld, president and chief executive of the Petroleum Services Association of Canada, which represents the interests of the oil services companies. But now the industry is gearing up to be at the forefront of the turnaround.
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How To Do Business in Colombia: Colombia has become one of the continent’s best prospects, with 100-percent stakes in fields for international oil firms on the road ahead – May 9, 2016

  • Which is why the Petroleum Services Association of Canada (PSAC) sent a delegation there earlier this year to check out the lay of the land. A new free trade agreement between Canada and Colombia and the strong presence of Canadian companies, including Petrominerales, Gran Tierra Energy and Parex Resources “provide[s] an excellent opportunity for Canadian service companies to boost optimization with drilling and completion technologies,” PSAC president Mark Salkeld says.
 
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Why Now is the Time for Canadian Energy Firms to Go Overseas: Canadian energy firms have much to offer the world – May 9, 2016

  • Kodiak and Stream-Flo are exploring overseas opportunities. “The low loonie, the contracting domestic market, the reputation of Canadian technology—driven by world-class regulatory regimes at home—create a powerful pull toward foreign markets.”
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PSAC Significantly Lowers Its 2016 Drilling Activity Forecast: No Improvement to Sector Activity or Market Access – April 28, 2016
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How Green Technology is Driving Economic Diversification in Nisku – April 25, 2016

  • Speaking to more than 100 attendees in March at Alberta Oil’s Energy Services Breakfast in Nisku, Petroleum Services Association of Canada CEO Mark Salkeld said firms that make or sell environmental technology that cuts costs and carbon emissions can increase revenue and slash operational expenditure. Carbon pricing and royalties that incent producers to cut costs are powerful drivers.
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Canada’s Oilfield Services Sector Cashes In Its Political Capital – April 25, 2016

  • In what areas do you need to build public confidence?
    In regulatory areas, in the system, environmentally and in our ability to do the job. It’s one of those frustrating points… the world has the utmost respect for Canada in how we responsibly develop our energy resources. The whole world knows it except for right here in our own backyard. Oil and gas companies and governments from other countries are banging on our doors asking for us to help them develop their petroleum resources, because our association members are on the leading edge of that technology and have a great safety track record. (Mark Sakeld, CEO, PSAC)
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PSAC Supports Trans Mountain Expansion Project – April 21, 2016
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 “Alliance To Offer More Than Loans To Assist Beleaguered Oilpatch“, PSAC’s Open for Business Networking Event – April 18, 2016

  • ATB Financial, BDC and EDC have formed an alliance, Partnering to Enhance Access to Capital and Support, to help companies to succeed, grow and diversify with access to capital and loans, business and technical services and expertise, said Mark Salkeld, PSAC president and chief executive officer.

 

PSAC Updates Well Decommissioning Proposal for Government of Alberta Budget Submission – April 14, 2016
 
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Competitive Pricing Leads to ‘Dire’ Outlook for Oilfield Services Sector: PSAC CEO” – April 11, 2016.

  • “It’s very dire,” says Mark Salkeld, president and CEO of the Petroleum Services Association of Canada. “There’s a growing consensus it’s the worst downturn oilfield services sector crisis in the history of Canada.”
Mark Salkeld: Key Panelist at Alberta Oil magazine’s Energy Services Discussion – March 30, 2016
 
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“Politicians, industry disappointed with no funding for oil well cleanup in budget” – March 23, 2016
 
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“PSAC Responds to 2016 Federal Budget” – March 23, 2016
 
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“PSAC Requests Federal Assistance for Oil & Gas Services Sector” – March 14, 2016
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“PSAC: The Backbone of Canada’s Oilfield Services Industry” – March 2016
 
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“Alberta’s Taxes Precipitate Fall from Grace Within Oil Industry Circles”, Pipeline & Gas Journal – March 2016.

  • “As the Petroleum Services Association of Canada has demonstrated on multiple occasions, the oilfield services supply chain is much broader than drilling rigs, trucks and construction equipment in the field. It also includes products and services primarily used only in the E&P head office such as software, technology, data processing and business support and professional services.”
 
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“Stars & Spurs gala flies high” – February 20, 2016
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“PSAC meets with Prime Minister Trudeau and Alberta Premier Rachel Notley” – February 4, 2016
 
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“PSAC Responds to Royalty Review Announcement” – January 29, 2016
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“Hard-hit Energy Services Sector Continues to Champion STARS; More than Half a Million Dollars Raised at PSAC’s 22nd Annual STARS & SPURS Gala” – January 27, 2016
 
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“PSAC Lowers Its 2016 Drilling Activity Forecast: No Improvement to Sector Activity or Market Access” – January 27, 2016

2015

“Oil and Gas industry supports STARS – the annual STARS & Spurs Gala hosted by PSAC is January 23” – December 11, 2015
PSAC made a “Written Submission to the New Brunswick Commission on Hydraulic Fracturing” – November 18, 2015
“PSAC Forecasts 5,150 Wells Drilled in 2016; Continuing Low Commodity Prices & Ongoing Market Access Issues Leaves Little Room for Improvement” – November 3, 2015
“PSAC makes a submission to Alberta’s Climate Change Advisory Panel” – October 30, 2015
PSAC response to Chronicle Herald reader’s concern that O&G contribution inflated – September 18, 2015
The OGS sector’s contribution to Canada’s economy is substantial. How big is it? Read PSAC’s economic study – September 2015
“PSAC report shows international revenue of OGS sector companies jumps 21% in 2014, over previous year” – July 2015
“PSAC Canadian Drilling Activity Forecast Remains Unchanged in Third Quarter; With No Expectation of Any Significant Improvement by Year-end” – July 30, 2015
“PSAC Opening Remarks at the 2015 Energy and Mines Ministers’ Conference” – July 20, 2015
“Petroleum Services Sector Raising Funds to Support Youth Education and Careers in Oil and Gas”– July 20, 2015
“PSAC Will Work with Government, Public to Answer Questions, Address Hydraulic Fracturing Concerns” – June 22, 2015
“PSAC Presentation to the House of Commons Standing Committee on Natural Resources” – June 16, 2015
“Prolonged Low Oil Prices Result in Further 30% Decline in Drilling Activity Says PSAC” – April 30, 2015
“The 2015 STARS & Spurs Gala Presented by PSAC Raises Nearly $1.1 million” – January 28, 2015
“PSAC 2015 Drilling Forecast Declines 24% Amid Slumping Oil Prices” – January 27, 2015

 

Direct media calls to:
Margaret (Maggie) Taylor
Tel: 403.264.4195
Email: mtaylor@psac.ca