The Canadian oil industry has been affected by dropping oil prices, but Energy Minister, Mel Knight along with Canada’s government has ensured that jobs in oil and gas are safe due to a $1.2 billion boost into the Alberta sector. This is considered a short term response to the global economic crisis and is also not to be seen as a “gift” to bail out the oil companies. The Alberta oil workers are only given credit when they earn it. These incentives include a low 5 percent royalty on any new oil and gas wells that are discovered, and a royalty credit for every meter of drilled well. This royalty and credit program is designed to cushion the impact for small oil companies who will end up owing less than half the royalties, and it will mean that large oil companies are limited to 10 percent.
Alberta Sands and other Alberta oil projects have offered plenty of jobs for people from all over the world, but this incentive program is designed to keep wells being drilled and for people to keep their jobs. You can find other oil and gas jobs by checking the job board on Oil Job Finder. You can also search for oil rig jobs, oil refinery jobs, North Dakota oil jobs, Alaska oil jobs, Barnett Shale oil jobs, petroleum pipeline jobs, and many others. Get tons of advice about the oil and gas industry and also learn how to write a winning resume and application form.
Related employment posts:
