Daily Oil Bulletin records show new well permitting over the first two months of the year is at an almost 25-year low, with licence counts in British Columbia the only bright spot in otherwise dark times.
With conventional discovered marketable reserves of nearly two billion bbls of oil and 32 tcf of gas, as well as tremendous unconventional potential, Arctic Canada is blessed with an abundance of resources but they will remain stranded until major impediments to development are identified and solved, an industry conference heard.
Canada’s economy, and everyone in it, would be better off if politicians and public commentators put the phrase “value added” to rest, says a new report by the University of Calgary School of Public Policy, which stated that Canada’s raw resource extraction industries actually provide the highest value-added.
ENTREC Corporation may be well-positioned with the right equipment fleet in the right geographical region to weather the proverbial storm of low commodity prices, says management, but the company must also take measures to minimize the damages of reduced customer demand during the ongoing industry downturn.
geoLOGIC systems is proud to collaborate with Drill Stem Test expert and hydrodynamacist Richard Bartlett to offer free-of-charge training sessions focused on understanding Drill Stem Tests and their application to petroleum hydrodynamics.
Trican Well Service Ltd. announces that the Toronto Stock Exchange has accepted its application to make a normal course issuer bid to purchase, from March 13, 2015, to March 12, 2016, certain of its outstanding common shares.
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