When oil prices collapsed in 2014, oilfield services companies were hit hard as activity slowed in the oilpatch and thousands of jobs were shed. There have been no reports of similarly deep cuts recently, though the province says it has received notice of seven layoffs of 50 or more people in the energy sector since April 1. With Canadian oil selling at steep discounts due to a supply glut and production companies re-examining their spending, there's again worry about what the future holds. Like others across the energy sector, Au says the problem is a lack of takeaway capacity — both pipelines and rail — for Canadian oil. They want to create a brand that promotes all Canadian energy.

Source: CBC News November 30, 2018 00:22 UTC