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Service & Supply report

Canada’s oilfield services industry saw a major turnaround in 2017 as higher oil and gas prices resulted in increased capital investment by producers.

The third annual JWN Oil & Gas Service & Supply Outlook Survey finds the sector still in recovery mode, with most companies remaining shy on spending capital for growth.

Companies also continue to look for diversification opportunities within the industry, into new markets, and into other industries. And they continue to invest in new technologies to make their operations — and their customers’ operations — more efficient.

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