More than 25,000 total jobs are expected to be lost in the Canadian exploration and production sector, a well drilling association said. The Canadian Association of Oilwell Drilling Contractors said it was revising downward its drilling forecast because of lower crude oil prices and changing market conditions in the resource-rich province of Alberta. “Since its last revision in January 2015, the number of operating days is expected to decline by an additional 10,320 days or 13 percent,” the association said in its latest forecast. “A sharp drop in the number of overall operating days means an estimated reduction of 25,110 total jobs in 2015, down almost 50 percent from the 2014 total of 49,950.” The Canadian National Energy Board said it was monitoring crude oil prices as […]