Oilfield service providers suffered the heaviest blows from the 2014 oil price meltdown—there is little question about that. And the situation was particularly grave in Canada, and continues to be grave despite the recovery in prices. There are basically no major new field developments or infrastructure projects in the Canadian oil industry. There is, however, one gas megaproject that is awaiting its final investment decision in the next few weeks. LNG Canada, a project led by Shell, will cost US$30 billion to build and will produce some 26 million tons of superchilled natural gas at peak capacity. It would also create thousands of jobs, Bloomberg reports, in infrastructure as well as in natural gas production. These are jobs that the industry desperately needs. As of August, there were 74 gas rigs in Alberta and British Columbia, Bloomberg notes, citing data from RS Energy Group. That’s down from 180 at […]