Shell canada pulls application for oilsands project north of fort mcmurray. The five biggest layoffs in the oilpatch in 2015so far. Layoffs loom in albertas oil patch theres growing concern about job cuts and slowing economic growth in alberta following the collapse in oil prices and the resultant deep cuts to oil. She did not know how many layoffs will happen within suncor, but did. Sudden layoffs for 1,000 oilsands construction workers a tough thing, says union official. I guess to lower moral which is very bad right now. Layoff reaction from fort mcmurray oil patch workers vancouver sun 1501 2015 15. Heavy machinery operates in the pit at the shell albian sands located in albertas oil sands north of fort mcmurray, alberta aug. A roadmap to fort mcmurray s tanking housing market theres a glut of homes on the market in fort mcmurray, which is bad news as oil patch layoffs start to hit by jason kirby january 15, 2015. Sudden layoffs for oilsands construction workers a tough thing. A year after fires, fort mcmurray has come a long way. British columbians returning home from oil patch work in fort mcmurray alberta react to the slowdown and layoffs at work. Theyve also had layoffs every six months since 2015. Credit counselling in high demand in alberta as oilpatch.
Housing prices have fallen 25 per cent in the past three years for a with the oil price crash and the fort mcmurray wildfires, residents. Beyond fort mcmurray, the impact of low crude oil prices is being felt by the marthas and henrys of the oilpatch. Everybody can see it coming, she tells me when i ask about her layoff. Oil sands boom dries up in alberta, taking thousands of jobs with it. Royal dutch shell plc is cutting hundreds of jobs at a. This sampling of headlines in january 2016 echoes what the papers have been saying for months. It is located in northeast alberta, in the middle of the athabasca oil sands, surrounded by boreal forest. Canadian natural cutting salaries in bid to avoid job losses. In oil boomtown fort mcmurray, its like the place has.
Job cuts continue to sweep the oilpatch as uncertainty reigns on the global energy markets. News that are related to the article business layoffs loom in albertas oil patch. Calgary its been years since david yager has seen multiple for sale and for rent signs in fort mcmurray, the northern alberta city that is usually crawling with workers from across canada looking to make a buck in the oilsands boomtown. Hundreds laid off, thousands of jobs delayed in alberta. The recent slow down in the alberta oil patch is being blamed for a run of layoffs at britco in penticton. The we love oil sands 70s, 80s, 90s and 2000 dance party was a smashing success. Fort mcmurray, alberta at a camp for oil workers here. F is for fort mcmurray and first nations, fracking, and fly in, fly out. Hundreds laid off, thousands of jobs delayed in alberta oilsands. Largescale layoffs, empty office towers, falling house prices. Sudden layoffs for 1,000 oilsands construction workers a. A mining shovel fills a haul vehicle at the shell albian sands oilsands mine near fort mcmurray. Atb financial predicts slow economy, more oilpatch layoffs. The layoffs were confirmed by company spokesperson brittney price in a thursday morning email.
Theres another round of layoffs in the oil patch to tell you about today. Calgary its been a rough week for many in the oilpatch. Canadian natural cutting salaries in bid to avoid job. Shell canada told employees in early january it will cut up to 10 per cent of 3,000 jobs at the athabasca oil sands mining project it manages north of fort mcmurray, in an effort to improve. Jay bueckert, regional director for the christian labour association in fort mcmurray, said he takes dozens of calls. Thatd be like canmore vetoing a housing development in cochrane.
A roadmap to fort mcmurrays tanking housing market. Albertas oilsands workers lead a patchwork life the star. The provinciallyowned lender says the economy is set to. Sale and for rent signs in fort mcmurray, the northern alberta city. Canada oil town struggles with transient workers al. Post about my last job in camp her in fort mcmurray. View this and more in our encyclopedia of the oil crash. A tailings pond near fort mcmurray, alberta, canada. The canadian subsidiary of the china national offshore oil corproation cnooc has laid off workers at its long lake site south of fort mcmurray and staff at its calgary office. However, fewer foreign workers will be moving here in the near future, due to the new restrictions. Financial post layoffs loom in albertas oil patch financial post theres growing concern about job cuts and slowing economic growth in alberta following the collapse in oil prices in the second half of 2014, and the resultant deep cuts to oil companies 2015 capital spending plans. Fort mcmurray braces for impact of oil price drop cbc news.
A month ago, robinson was working shifts in the oil patch, driving heavy. Many here see contractor and construction cuts as a bellwether, but the picture is murky. Layoff reaction from fort mcmurray oil patch workers. Layoffs over the holidays are routine in construction jobs, with callbacks in january. There, she met her husband aaron long, and in 2012, gave birth to their daughter savannah. With the way large oil and gas producers have been slashing their 2015 capital budgets. After trying for a year however, the young couple just couldnt crunch the numbers, and in april 2015, moved to a small town outside calgary where they hoped the big city. The fort mcmurray numbers are for the region of wood. Group layoffs in alberta during 2015 have surpassed 18,000 workers.
It has a projected operating life of over 50 years. So i was with one company up there doing industrial or civil construction for two years, and now im in the fluid handling and industrial cleaning business in fort mac at the kearl oil sands project. Temporary foreign workers fuel canadas oil boom al. As the glut of oil in the global marketplace continues and the layoffs spread, fort mcmurray has been hit hard. Working at china national offshore oil in fort mcmurray. Analysts predict a continuing slump in oil prices may cast a shadow for years to come in albertas oil patch. But this time the drop in oil prices could be deep and sustained bad news for the oilsands. How does fort mcmurray have any say what happens 75km away. Oil patch downturn puts dreams on hold national observer. As oil patch sheds jobs, unemployment claims rise steadily. Page 250 layoffs in the oil patch 2 the off topic forum calgarypuck forums the unofficial. Moratorium on oilsands camps near fort mcmurray fraught. The former president of the fort mcmurray real estate board acknowledges there has been a change in what was once among canadas hottest housing markets as a result of the crash in crude oil prices and the tens of thousands of layoffs that have followed over the.
On april 25, 2015 the fort mcmurray oil sands community came together and celebrated oil sands. A dump truck works near the syncrude oil sands extraction facility near the city of fort mcmurray, alta. How are albertas entitled millennials dealing with the. With over 800 people in attendance it was completely sold out.
Calgary or at canadian naturals horizon oil sands operation north of fort. Calgary oil workers suffer as talisman, conocophillips announce. Layoffs loom in albertas oil patch calgary its been years since david yager has seen multiple for sale and for rent signs in fort mcmurray, the northern alberta city that is usually crawling with workers from across canada looking to make a buck in the oilsands boomtown. Beyond fort mcmurray, oilpatch country feeling the pinch from low crude january 19, 2015 2. The fire swept into fort mcmurray under a hurtling plasma of. Mass layoffs in alberta surge past 18,000 workers as oils collapse. Nova scotian discusses local impact of alberta oil patch. Layoffs in the oil patch 2 page 250 calgarypuck forums. Td economics tied the roughly 45% drop in oil prices since june to an expected drop in albertas gdp growth rate to 2.
It has played a significant role in the development of the national petroleum industry. Calgary atb financial is predicting more tough times for alberta in the second half of the year. Cnooc lays off long lake, calgary staff as albertas. Walmart allegedly sold food contaminated by the fort mcmurray fire albertas unemployment rate hasnt been this bad in 22 years almost 40 per cent of calgary rental listings are sitting empty. This game of musical chairs will continue as long as fort mcmurray continues to cycle in new workers to help feed, clothe and service those who work in the oil patch, sending them home once their expiration dates arrive. Theres growing concern about job cuts and slowing economic. Floundering oil prices and the shutdown of much of the economy has caused oilsands companies to lay off workers and delay projects. In late july, a fort mcmurray newspaper reported that shell canada had. Mccullough said that since last august, said home sales in the area have dropped 45 per cent, the average selling price of a house has dropped by 20 per cent, and local landlords are facing a vacancy rate of nearly 20 per cent.
Floundering oil prices and the shutdown of much of the economy. Oil patch layoffs in october 20, fort mcmurray today reported that 270 oil workers were laid off from husky energys sunrise project located 60 kilometres north of the city. Chaos and scrambling in the us oil patch as prices plummet. Chief economist todd hirsch says the slowdown in albertas energy sector over the summer will mean more layoffs, driving the. Credit counselling in high demand in alberta as oilpatch downturn hits home consolidated credit counselling services of canada says it had a 38% yearoveryear increase in clientele from alberta. Beyond fort mcmurray, oilpatch country feeling the pinch. Saskatchewan alberta fort mcmurray oil prices unemployment saskatoon unemployment rate.