Lynda Harrison

  • Can We Flatten Out The Boom And Bust Cycles?

    Steven Berg isn’t sure he can trust himself to politely discuss how to remedy the pernicious cycle of booms and busts that have plagued Canada’s oil and gas industry for generations.

    March 28, 2017, 6 AM MDT

  • Xtreme Prepared For Improved U.S. Demand With Upgraded Rigs

    Debt-free Xtreme Drilling Corp. says that, thanks largely to the sale of its coiled-tubing division, it has the cash reserves to upgrade its fleet and financial flexibility just as commodity prices — and, in turn, the Canadian and United States land-drilling market — show signs of improvement.

    March 10, 2017, 4:58 AM MST

  • Emissions Levy Demands Immediate Action, Says Carbon Consultant

    Oil and gas operators can mitigate risks and capitalize on opportunities in an evolving environmental regulatory landscape but they must collaborate early and often, a recent energy symposium heard.

    March 9, 2017, 8:35 AM MST

  • Demand For Canyon’s Services Exceeds Ability To Supply Workers

    Typical of the industry, demand for Canyon Services Group Inc.’s services “far outweighs” its ability to supply crews as commodity prices improve and producers are putting them back to work, a conference call heard this morning.

    March 3, 2017, 11:39 AM MST

  • Strad Plans To Maintain ‘New Normal’ Cost Structure, Raise Prices

    Strad Energy Services Ltd. says it is approaching 2017 with caution, focused on managing its cost structure as activity levels increase to ensure the efficiencies it has gained over the past two years are preserved for when the recovery eventually takes hold.

    March 2, 2017, 11:03 AM MST

  • Newalta Sees Market Improvements, Reaps Rewards From Cutting Costs

    Newalta Corporation is beginning to benefit from improvement in its markets and expects a return towards normalized quarterly seasonality this year based on higher, more stable commodity prices than in 2016 and a boost in drilling.

    February 28, 2017, 10:47 AM MST

  • Western Energy Services Says It Has Seen The Worst

    Western Energy Services Corp. expects that 2016 will mark the bottom for industry profitability and management believes its prices and margins will improve this year.

    February 23, 2017, 11:25 AM MST

  • Labour Shortage Threatens Pace Of Service Companies’ Acceleration

    Based on producers’ healthier spending plans, Canada’s service and supply companies are expecting to emerge from their worst year in decades to improved conditions in 2017 — if they can get enough workers.

    February 21, 2017, 8 AM MST

  • PTAC Sessions Provide Free Advice On Managing Methane Emissions

    Petroleum Technology Alliance Canada (PTAC) is holding a series of free workshops and information sessions on the technologies available to simultaneously reduce methane emissions and costs.

    February 21, 2017, 8:29 AM MST

  • Cenovus Ponders Restarting Oilsands Projects

    Cenovus Energy Inc. hinted that construction could restart on two deferred steam-assisted gravity projects in the next couple of years and says more information will be released in the coming months.

    February 17, 2017, 6 AM MST

  • Cenovus Exits Tough Year Ready For Growth In 2017

    Its financial results continuing to be significantly hurt by volatile oil prices during 2016, Cenovus Energy Inc. says the company was focused on preserving financial resilience, exercising capital discipline and achieving sustained cost reductions.

    February 16, 2017, 11:34 AM MST

  • Republicans, Syncrude Providing Suncor With Confidence

    Recent government announcements have encouraged the head of Suncor Energy Inc. regarding the future of Canada’s oilsands and Syncrude, the joint-venture oilsands mine where the company acquired majority ownership last year.

    February 10, 2017, 6:53 AM MST

  • Profitable Suncor Reducing Organic Growth Spending

    Having turned the corner to profitability, nearing the end of a period of organic growth and winding down a multibillion program of divestments with no attractive merger or acquisition candidates in sight, Suncor Energy Inc. plans to allocate capital towards its dividend and buying back shares, a year-end conference call heard this morning.

    February 9, 2017, 11:30 AM MST

  • Oilsands Maintenance Spending The ‘Silver Lining’

    An estimated $13.5 billion will be spent on oilsands projects this year, the vast majority of it on maintenance, compared to an estimated $16 billion in 2016 — both figures are a far cry from the almost $34 billion spent in 2014 when oilsands spending peaked, says a researcher.

    February 2, 2017, 6 AM MST

  • Cenovus’s Cost Savings Expected To Continue

    Cenovus Energy Inc. is introducing a new, simplified version of its oilsands projects’ well-pad design that is expected to have overall cost savings per well of between 35 and 50 per cent while maintaining safety, compliance and production.

    January 31, 2017, 8:09 AM MST

  • Alberta’s Pneumatic Equipment Qualifies For Emissions Offsets

    Alberta Environment and Parks (AEP) this week approved the first carbon offset protocol that addresses methane emission reductions from pneumatic production equipment.

    January 27, 2017, 11:07 AM MST

  • Accept Change Or Die, Warns Entrepreneur

    The oil and gas industry is extremely resistant to change but innovation is critical to its survival, warns an entrepreneur who has felt the frustration of gaining the sector’s acceptance of his emerging oil- and gas-well remediation technology.

    January 16, 2017, 10:04 AM MST

  • PSAC, Financiers Propose New Plan To Fund Orphan Well Cleanup

    In yet-another attempt to get members back to work during the downturn, the Petroleum Services Association of Canada (PSAC) is proposing another way of funding the decommissioning of abandoned wells, and this time it has support from a financial entity.

    January 10, 2017, 10:58 AM MST

  • Penn West Optimism Boosts 2017 Budget

    Penn West Petroleum Ltd. expects its 2017 total capital budget of $180 million will provide approximately 15 per cent production growth from the fourth quarter of 2016 to the fourth quarter of 2017, and ample flexibility to respond to commodity prices as it uses only 80 per cent of available funds flow from operations.

    January 5, 2017, 10:31 AM MST

  • CNRL’s $3.89 Billion 2017 Budget Hikes Drilling, Completes Horizon Phase 3

    With completion of its Horizon expansion oilsands project in sight, Canadian Natural Resources Limited’s 2017 budget forecasts capital spending of $3.89 billion and production growth of six per cent over 2016.

    December 15, 2016, 11:50 AM MST

  • Québec Energy Bill A Victory For Industry: Explorers

    Québec’s nascent oil and gas industry is hailing the recent creation of that province’s energy law as a milestone for Québec and a boon for the industry as a whole.

    December 12, 2016, 10:53 AM MST

  • Cenovus Updates Construction And Drilling Plans, Savings

    Although only about 10 per cent of the construction of Cenovus Energy Inc.’s next oilsands project, Christina Lake phase G, has been done on site and about 25 per cent of its modules are complete and in storage at various locations, chances of going over budget are slim, says the company

    December 9, 2016, 11:58 AM MST

  • Cenovus’s 2017 Budget Hike Revives Oilsands Project Construction, Boosts Production

    Cenovus Energy Inc.’s 2017 budget of between $1.2 billion and $1.4 billion, which affords restarting construction of an oilsands project and features conventional oil drilling in southern Alberta, is a 24 per cent increase over this year’s spending ($1 billion to $1.1 billion).

    December 8, 2016, 11:53 AM MST

  • Brion’s MacKay River Oilsands Project Starts Up

    Brion Energy Corporation’s steam-assisted gravity project, the MacKay River Commercial Project, began steaming on schedule last week, according to a company spokesperson, who declined to say whether it was also on budget.

    December 6, 2016, 10:48 AM MST

  • Caribou, Grizzly Scientists Share Latest Findings

    New research has found that vegetation re-growth affects how caribou and their predators respond to seismic lines, varying between species and seasons, and that caribou avoid well sites during times of high activity, a recent forum heard.

    December 2, 2016, 8:36 AM MST