- Apr 8, 2020 9:27 pm GMT
- 3395 views
The Saudi-Russia price war has seriously impacted the profitability of oil company operations in North America. Oil sands operators are in danger of going deeply into debt and are seeking government bailouts from provincial and federal sources. Bakken and Permian fracking operations are operating in a deficit. And now comes COVID-19 with the pandemic impacting workers on offshore rigs and platforms and putting a hold on further exploration.