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Petroleum Services Association of Canada (PSAC)

Address Suite 1150, 800 6 Avenue SW, Calgary, AB, T2P 3G3, CA
Phone 403-264-4195
Fax 403-263-7174
Email [email protected]
Website psac.ca

Related Articles

PSAC cites market access challenges as it cuts 2019 forecast for second time

The Petroleum Services Association of Canada (PSAC), in its Midyear Update to the 2019 Canadian Oilfield Services Activity Forecast, lowered for a second time its Forecast for the number of wells drilled (rig released) in 2019 across Canada to 5,300 wells - a drop of 1,300 or twenty per cent (20%) from the original Forecast of 6,600 in November 2018.  PSAC has based its updated Forecast on an average natural gas price of C$1.65/mcf (AECO), crude oil price of US$57.00/barrel (WTI), and a U.S.-Canada exchange rate averaging $0.75.

Deteriorating investor confidence in Canada causes cut in PSAC 2019 forecast

In its first update to the 2019 Canadian Drilling Activity Forecast, the Petroleum Services Association of Canada (PSAC) has revised the number of wells drilled (rig released) across Canada for 2019 to 5,600 wells. This represents a decrease of 1,000 wells, or 15 percent, from PSAC's original 2019 drilling Forecast released in November 2018 and reflects the deteriorating investor confidence in Canada.  

PSAC to award scholarship, safety campaign in memory of Jordan Roppel

The Petroleum Services Association of Canada (PSAC) announced the addition of a new scholarship to the Association's annual Scholarship Program. The "Remember Jordan" scholarship, created in memory of Jordan Roppel, aims to remind workers of the dangers of shock load vehicle recovery while supporting Canadian post-secondary education. More details about Vehicle Recovery Safety can be found on the Energy Safety Canada's website.

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