Since late last year, oil and gas companies globally have fought to sustain the drop in oil prices … layoffs ensued and companies large and small were affected. And according to a new study released by the Petroleum Labour Market Information (PetroLMI) Division of Enform, a safety association for upstream oil and gas in Canada, there’s a prediction that 185,000 jobs will be lost in Canada this year due to the drop in oil prices. According to the study, in 2014, the oil and gas industry spent nearly $125 billion on exploration, development and production – which supported more than 720,000 direct and indirect jobs in Canada. About two-thirds of these jobs were concentrated in Alberta. The Canadian Association of Oilwell Drilling Contractors (CAODC) recently forecasted that more than 25,000 Canadian drilling jobs would be lost due to weak oil prices, Reuters reported. CAODC president Mark Scholz said “potential […]