Oilfield service and supply companies appear to be increasingly recognizing the benefits of co-operation, both internally and with peers, but it is still early days and there is much untapped potential, a service and supply audience heard Tuesday.
Canada’s energy-decision system is under growing stress, reaching the point of dysfunction, and the future will be difficult given the economy’s energy intensity, the country’s vast hydrocarbon and other energy resources, as well Canadians’ conflicting attitudes towards their energy resource economy, says a new University of Ottawa report.
Capital expenditure for 44 U.S. onshore-focused oil production companies increased $4.9 billion (72 per cent) between the fourth quarter of 2016 and the fourth quarter of 2015 based on their public quarterly financial statements. This increase in investment spending was the largest year-over-year increase for any quarter by these 44 companies since at least the first quarter of 2012.
While recent large-scale deals involving oilsands assets are “stealing the show” in the western Canadian oilpatch so far in 2017, a Wood Mackenzie analyst says more blockbusters are unlikely though smaller transactions could occur.
Sayer Energy Advisors has been engaged to assist Clearview Resources Ltd. (“Clearview” or the “Company”) with the marketing of its non-operated oil and natural gas properties in various areas of Alberta.
IBM Watson represents a new generation of “augmented intelligence” capabilities that can be a key enabler to support critical optimization initiatives in the areas of operational performance, productivity, and safety.
Leucrotta Exploration Inc. has completed its infrastructure project to tie-in four previously drilled delineation wells and has drilled three additional step-out /delineation wells that materially further extend the productive boundaries of the company's Lower Montney Turbidite Light Oil Resource Play.
This four-day course utilizes lectures, core workshops and one-day field trip to examine the reservoir characteristics, facies heterogeneity and stratigraphic framework of the Montney formation with emphasis on the geological attributes that make the Montney one of North America’s leading resource plays.
Showcasing the latest research, Dinara Millington, VP of Research, CERI joins the New Technology for In Situ Oil Sands Facilities 2017 Conference to identify clear technological pathways to significantly reduce oil sands operations costs, as well as emissions.
Canada has an opportunity to leap ahead of the U.S in the development of clean technologies, particularly in the context of the new U.S. administration under President Donald Trump, says the president and CEO of an Ottawa-based, federally-funded clean tech funding agency.
Savanna Energy Services Corp. and Total Energy Services Inc. announced that the board of directors of Savanna has been reconstituted following Total Energy's recent acquisition of common shares of Savanna and the termination by Savanna of its arrangement agreement with Western Energy Services Corp.
Federal Environment Minister Catherine McKenna today launched a 30-day public comment period on the report of the expert panel which has recommended possible approaches to improving current federal government environmental assessment processes.
CWC Energy Services Corp. says that it intends to renew its normal course issuer bid to purchase for cancellation, from time to time, as it considers advisable, a maximum of 19,653,292 common shares, subject to receipt of approval from the TSX Venture Exchange.
On April 5, 2017 in Hong Kong, Sunshine Oilsands Ltd. entered into a debt settlement agreement with Creditor A, being an independent third party and a creditor to the corporation, pursuant to which the corporation will allot and issue the relevant shares to Creditor A as full and final settlement of the partial debt.
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