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
ZenaTech reported that its recently acquired DaaS business, Velocity Geomatics, is benefiting from a strengthening market in Western Canada driven by rising oil prices. The company cited industry data showing a 45% year-over-year increase in oil prices during the second quarter and forecasts of over US$500 billion in Canadian energy investment over the next decade.
Key figures
- Oil price increase yoy
- 45%
- Drone workflow adoption
- 80%
- Expected canadian energy investment
- US$500 billion
AI analysis
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