ZenaTech’s DaaS Oil and Gas Business Enters a Strengthened Market with Higher Oil Prices and More Than US$500 Billion in Expected Canadian Energy Investment Over the Next Decade
Summary
ZenaTech says its recent acquisition of Velocity Geomatics has strengthened its oil and gas field services business in Western Canada. The company links higher oil prices to improved producer cash flow and increased demand for surveying, inspection, reclamation, and compliance work. It also points to more than US$500 billion in expected Canadian energy investment over the next decade as a long-term growth tailwind. ZenaTech highlights that most of Velocity’s projects already use drone-based workflows, which gives it a base to scale its services further.
AskAI Classifications
Sectors
Services
Field Services Management
Functions
Developer and IT Infrastructure
Workflow Orchestration
Linked Companies
ZenaTech
$1M to $5M