Oilpatch experiencing labour shortage that could slow recovery, industry says

Canadian vitality contractors are dealing with a scarcity of rig staff that would sluggish oilpatch restoration.

Oil and fuel firms are ramping up manufacturing to fulfill international vitality demand as COVID-19 restrictions ease. Oil costs are at seven-year highs, with West Texas Intermediate buying and selling this week at greater than US$80 per barrel.

The Canadian Affiliation of Power Contractors says there have been 175 energetic drilling rigs in Canada final week, in comparison with simply 75 in the identical interval final yr. It says employment within the sector has elevated 130 per cent year-over-year.

However the {industry} group says labour shortages are an issue. It says some firms who can’t discover staff are struggling to fill buyer demand for rigs.

Learn extra:
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Firms are discovering it troublesome to draw staff again to the oil and fuel sector after a six-year financial downturn. Some rig staff have left Western Canada whereas others have retrained in different industries.

The Canadian Affiliation of Power Contractors says wages for rig staff have already elevated by about 10 per cent from final yr resulting from market demand.

© 2021 The Canadian Press

https://globalnews.ca/information/8263238/oilpatch-labour-shortage-slow-recovery-industry/ | Oilpatch experiencing labour scarcity that would sluggish restoration, {industry} says


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