In anticipation of gas supply shortages and elevated pricing, Advantage Energy Ltd. accelerated $10 million of spending from January into December.
February 25, 2022, 12 AM MST
While Russia’s invasion of Ukraine destabilizes the world and business environment in general, Enerflex Ltd. does not anticipate any material impacts to its particular sales and revenue streams from this geopolitical event, says Marc Rossiter, president and chief executive officer.
February 24, 2022, 10:57 AM MST
Enerflex Ltd. maintains a strong Canadian outlook, but that region also remains challenged in that while Canada’s operators and customers are “excellent,” the regulatory environment can be problematic for the industry, according to Marc Rossiter, president and chief executive officer.
February 24, 2022, 10:59 AM MST
Commodity pricing helped drive a substantial year-over-year increase in net profit for Trican Well Service Ltd. in its 2021 fourth quarter, says the company.
February 24, 2022, 10:33 AM MST
Gibson Energy Inc. says strong performance from its infrastructure segment in part because of contributions from its diluent recovery unit (DRU) which came online in the third quarter backstopped solid Q4 and full-year 2021 financial and operational results.
February 23, 2022, 9:59 AM MST
Pason Systems Inc. expects to spend about $30 million in capital expenditures in 2022, including $5.2 million of planned expenditures carried forward from 2021, due in part to ongoing supply-chain shortages and delays.
February 23, 2022, 10:50 AM MST
Total revenue for Pulse Seismic Inc. was $49.2 million in 2021 compared to $11.3 million for the year ended Dec. 31, 2020.
February 18, 2022, 12 AM MST
Higher operating margins and lower 2021 impairment expense helped Keyera Corp. swing to a full-year and Q4 2021 profit versus a loss in the comparable periods a year earlier.
February 16, 2022, 10:40 AM MST
TC Energy Corporation is continuing to advance on $24 billion of commercially-secured projects, including approximately $6.5 billion that the company expects will enter into service in 2022.
February 15, 2022, 9:38 AM MST
Enbridge Inc. delivered strong safety, operating and financial performance in 2021, says executive management, while advancing strategic priorities and strengthening the conventional and low-carbon segments’ competitive position.
February 11, 2022, 7:20 AM MST
Precision Drilling Corporation anticipates increasing activity in both Canada and the U.S. for 2022, based on customer inquiries and bid activity, and reflecting higher commodity prices.
February 10, 2022, 7:43 AM MST
Mullen Group Ltd. generated record quarterly revenue of $441.9 million, an increase of $144.2 million, or 48.4 per cent, compared to $297.7 million in 2020 due to $136.1 million of incremental revenue generated from acquisitions and internal growth.
February 10, 2022, 12 PM MST
International Petroleum Corporation (IPC) will focus 2022 Canadian spending on three properties.
February 9, 2022, 8:15 AM MST
Canadian National Railway Company is solidifying its position as a dominant heavy crude carrier with the start-up late last year of a new undiluted bitumen unit train facility at Hardisty, which is capable of handling volumes in the range of 40,000 bbls/d, says executive management.
January 26, 2022, 5:17 AM MST
January 20, 2022, 8:31 AM MST
Cordy Oilfield Services Inc. experienced the strongest quarter — in Q3 2021 — since realigning its business in 2015, due to increased energy sector activity, revenue from last year’s Platinum North Resources Ltd. acquisition, and its joint-venture partnership (also completed last year).
November 19, 2021, 7:30 AM MST
DIVERGENT Energy Services Corp.’s largest client plans to continue its coalbed methane workover program for next year at a pace similar to during Q3 2021, says management, barring any potential weather-related disruptions and assuming commodity prices remain strong.
November 17, 2021, 9:09 AM MST
CES Energy Solutions Corp. realized improvements throughout its business lines during the third quarter amid strengthening industry conditions, notes management, including in Canada where the firm benefitted from increased drilling and completions activity, higher production volumes, and frack-related chemical sales.
November 12, 2021, 11:19 AM MST
The macro-environment for oilfield services in North America has shown steady improvement throughout 2021, and that is expected to continue in 2022, says Cathedral Energy Services Ltd.
November 11, 2021, 10:18 AM MST
AKITA Drilling Ltd.’s operating days increased to 1,169 in the third quarter of 2021 compared to 531 in the third quarter of 2020.
November 10, 2021, 12 AM MST
After posting strong third quarter operational and financial results, MEG Energy Corp. has lifted its full-year 2021 production guidance for the third time this year.
November 9, 2021, 9:42 AM MST
Enerflex Ltd. reported $191 million in total bookings for Q3 2021, which is up from $23 million during the same 2020 period, says management, demonstrating an improving backdrop for the company’s engineered systems business.
November 8, 2021, 7:19 AM MST
Ensign Energy Services Inc. is pushing its Canadian clients to keep drilling programs running through Christmas this year, as the company expects to be operating around 50 rigs by year-end 2021, peaking at 60 in the new year, and management wants to hang onto its crews through this period of increasing activity.
November 8, 2021, 3:51 PM MST
Ensign Energy Services Inc.’s firm stance on COVID-19 protocol of requiring proof of vaccination or on-site rapid testing has provided worker protection at rig sites, says management, and has resulted in virtually no shutdowns.
November 8, 2021, 4 PM MST
TC Energy Corporation expects its portfolio of secured capital projects will keep growing as it continues to expand, extend and modernize its existing natural gas pipeline network, advances the Bruce Power life extension program, and develops renewable energy to power certain of its proprietary energy loads, says management.
November 5, 2021, 8:09 AM MDT
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