Only two PSAC zones reported year-over-year increases in rig release counts during the first half of the year.
July 23, 2019, 6 AM MDT
With so many competitors currently in the United States, for the time being at least Tervita Corporation does not intend to make a major move into that market, says executive John Cooper.
July 19, 2019, 12 AM MDT
Solar-powered pump jacks? SkyFire Energy Inc. actually has built a couple of solar rays on two wellsites in the Brooks area — a rather novel approach for Alberta oil and gas operations, says the company’s top brass.
July 18, 2019, 12 AM MDT
Renewable energy could become an important tool for oil and gas producers in meeting additional energy demands and stricter environmental standards, while also reducing fuel usage and operating costs — especially as costs fall.
July 17, 2019, 8:31 AM MDT
A group of nine Alberta natural gas producers is seeking Alberta government support for an industry proposal that is designed to balance supply with NGTL System capacity in order to stabilize AECO prices.
July 17, 2019, 2:18 PM MDT
Attrition perhaps is more useful than mergers and acquisitions to handle current hydraulic fracturing overcapacity, says Dale Dusterhoft, as this segment in Canada is already fairly consolidated between a few major competitors.
July 17, 2019, 12 AM MDT
Implementing renewables simply makes economic sense for oil and gas companies, which is why they have long been among the biggest proponents and purchasers of solar power technology.
July 16, 2019, 8:10 AM MDT
In the U.S., energy producers have adopted a self-funding E&P model that ensures spending stays within cash flow, which has an impact on the operations of oilfield services companies, says TD Securities Inc.’s Aaron MacNeal.
July 15, 2019, 6:21 AM MDT
May and June were rather wet months across the Western Canadian Sedimentary Basin, generally speaking, which definitely impeded the amount of work drilling and service rigs could do.
July 12, 2019, 12 AM MDT
Money matters, which is why oilfield service companies are looking for the first opportunity they can to increase prices in Western Canada. At least, that is what Trican Well Services Ltd.’s chief executive tells his clients.
July 12, 2019, 12 AM MDT
What will electric fracturing do to the oilfield services sector? That is a question Dale Dusterhoft often hears from investors. His response: Electric frac technology will probably enter the Canadian market somewhat gradually, aligning with the retirement of conventional equipment.
July 11, 2019, 10 AM MDT
One of the biggest hurdles to mergers and acquisitions in the Montney right now is that companies are all “land rich and cash poor,” suggests Dale Shwed.
July 11, 2019, 12 AM MDT
The energy services sector would very quickly feel the negative impacts of a provincially-mandated natural gas production limit similar to the one already in place temporarily for oil, suggests Jeff Tonken.
July 10, 2019, 8:48 AM MDT
Electric fracturing is well-suited to Canada’s energy sector, possibly benefitting customers, communities and frac companies with cost savings and ‘greener’ operations, says a representative of a U.S. firm developing this technology.
July 10, 2019, 6 AM MDT
There were 1,924 and 3,896 licences issued for the three and six months ended June 30, 2019, respectively, which is 14.94 and 12.19 per cent less than during the comparative timeframes one year prior.
July 9, 2019, 11:46 AM MDT
‘Transformation’ will be the theme of the 24th World Petroleum Congress, assuming the host city of Calgary has its way, which organizers expect it will.
July 2, 2019, 10:20 AM MDT
Alberta’s total number of pipeline incidents last year was 32 per cent lower than in 2009 even as the total length of pipeline increased by 15 per cent over the timeframe, says a new performance report by the Alberta Energy Regulator (AER).
June 27, 2019, 10:05 AM MDT
Canada’s LNG export industry faces robust and often successful campaigns to convince the general public that natural gas is undesirable, unwanted and unacceptable in this country, says Stewart Muir.
June 26, 2019, 9:57 AM MDT
Fear is a driving factor in Canada’s upstream oil and gas space, says Iggy Domagalski, which unfortunately results in slower adoption of current innovations that could improve efficiencies and lower costs.
June 25, 2019, 7:41 AM MDT
Packers Plus Energy Services Inc. hopes to appeal to the Supreme Court of Canada an earlier Federal Court of Appeal decision related to a patent infringement proceeding against Essential Energy Services Ltd.
June 25, 2019, 11:24 AM MDT
Capital investment markets in Western Canada’s oil and gas space have shifted dramatically over the last five years, with the number of small-cap E&P companies dropping by about half, says Tyler Bradley.
June 20, 2019, 10:35 AM MDT
While some energy sector jobs will simply become irrelevant thanks to automation, Lauren Rooney says the oil and gas industry still needs “a strong pipeline of talent” to solve the challenges it faces.
June 19, 2019, 8:35 AM MDT
Reporters for the DOB contacted the chief executives of several industry associations on Tuesday for their reaction to the decision of the federal government to approve the Trans Mountain expansion.
June 18, 2019, 7:53 PM MDT
June 18, 2019, 8:37 AM MDT
Crescent Point Energy Corp.’s commitment to change was such a key theme at Friday’s annual general meeting, president and CEO Craig Bryksa made a point of saying twice to shareholders the following statement:
June 17, 2019, 10:17 AM MDT