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Petroleum Services Association of Canada (PSAC)

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Are all excavators the same?

Among the top brands, many believe all excavators are the same. But when you look closely, you can spot the small differences in design that add up to huge differences in productivity and efficiency — differences that can boost your profitability. 


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Occupational Health & Safety

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

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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PSAC revises 2017 drilling forecast upward after strong second quarter

PSAC revises 2017 drilling forecast upward after strong second quarter

The Petroleum Services Association of Canada (PSAC), in its third update to its 2017 Canadian Drilling Activity Forecast, announced that it was increasing its forecasted number of 6,680 wells to be drilled (rig released) across Canada for 2017 to 7,200 wells drilled. PSAC based its updated 2017 Forecast on average natural gas prices of $2.75 CDN/mcf (AECO), crude oil prices of US$49.00/barrel (WTI) and the Canada-US exchange rate averaging $0.77.

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PSAC revises drilling forecast upward after strong first quarter

PSAC revises drilling forecast upward after strong first quarter

The Petroleum Services Association of Canada (PSAC), in its second update to the 2017 Canadian Drilling Activity Forecast, announced its revision of the forecasted number of wells drilled (rig released) across Canada for 2017 to 6,680 wells. This represents an increase of 2,505 wells and a 60 per cent increase from PSAC’s original 2017 Drilling Activity Forecast released in early November 2016 of 4,175 wells rig released. PSAC based its updated 2017 forecast on average natural gas prices of $3.00 CDN/mcf (AECO), crude oil prices of US$52.50/barrel (WTI) and the Canada-US exchange rate averaging $0.74.

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PSAC supports federal funding for orphan well decommissioning

PSAC supports federal funding for orphan well decommissioning

The Petroleum Services Association of Canada (PSAC) was pleased to hear the federal government will provide a one-time payment of $30 million to the Government of Alberta to “support provincial actions that will stimulate economic activity and employment in Alberta’s resource sector.” PSAC has been advocating for loans to decommission orphan wells, pipelines and facilities to get workers in this sector back to work following tens of thousands of layoffs, while improving environmental outcomes, reducing carbon emissions, and strengthening Canada’s reputation as responsible stewards of the environment.

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No change to PSAC’s 2016 Drilling Activity Forecast: Lack of tidewater access prolongs oil-patch woes

No change to PSAC’s 2016 Drilling Activity Forecast: Lack of tidewater access prolongs oil-patch woes

The Petroleum Services Association of Canada (PSAC), in its third update to its 2016 Canadian Drilling Activity Forecast, has announced that there are no changes to its last forecasted number of 3,315 wells to be drilled (rig released) across Canada for 2016. While there were minor adjustments across various regions and provinces, overall wells drilled are expected to remain the same as PSAC’s April 2016 Forecast. PSAC based its updated 2016 Forecast on average natural gas prices of $1.90 CDN/mcf (AECO), crude oil prices of US$42.00/barrel (WTI) and the Canada-US exchange rate averaging $0.76.

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