How does Pembina Pipeline Corporation build more projects without adding more personnel to the organization? That is a question the company has been asking itself. And the answer is: Technology.
August 7, 2020, 11:22 AM MDT
Pembina Pipeline Corporation’s physical volumes reached second-quarter lows in early May, at levels roughly down 16 per cent from average levels in the prior two quarters — a decrease of about 135,000 bbls/d due to producer shut-ins and advancement of turnarounds and maintenance work.
August 7, 2020, 11:17 AM MDT
Gibson Energy Inc. expects more reliance on storage during periods of limited egress in the medium to long-term, especially with pipeline upsets or to facilitate crude-by-rail, possibly leading customers to increasing available storage.
August 6, 2020, 12 AM MDT
Gibson Energy Inc. saw the return of a ‘more normalized’ business environment during the second quarter, which included resumed discussions with several potential customers for both additional tankage and future diluent recovery unit (DRU) phases in Hardisty, with the economy reopening and the partial recovery in oil prices.
August 5, 2020, 9:43 AM MDT
Trican Well Service Ltd.’s currently-identified opportunities to improve profitability include implementing ‘Lean Six Sigma’ efficiency initiatives to make the company leaner and more cost-effective.
August 4, 2020, 9:22 AM MDT
Trican Well Service Ltd. improved on its net loss in Q2 2020 despite a revenue decline, mostly due to cost-reduction strategies made late in Q1, efficiency improvements made through the last several quarters as part of a business-optimization program, as well as government assistance programs relating to the ongoing pandemic.
July 31, 2020, 10:53 AM MDT
North American Construction Group Ltd. (NACG) saw revenue drop for the second quarter of this year as oilsands customers, particularly at the Kearl and Syncrude mines, put in place temporary restrictions as part of risk-mitigation measures in the fight against the spread of COVID-19.
July 30, 2020, 2:49 PM MDT
Tervita Corporation’s industrial service line results for Q2 2020 benefitted from the federal government’s $1.7 billion orphan and inactive well abandonment and site rehabilitation program. The company is a prime contractor with Alberta’s Orphan Well Association (OWA) and British Columbia’s Oil and Gas Commission (OGC).
July 30, 2020, 9:21 AM MDT
Using renewables such as wind turbines to electrify upstream oil and gas operations would allow for oil extraction with lower emissions per bbl, says Minister of Natural Resources Seamus O’Regan. He believes for Canada to attract investment in an increasingly environmentally-conscious world, such “outside-the-box” thinking is necessary.
July 27, 2020, 10:48 AM MDT
Western Canada’s energy sector was hit particularly hard by the COVID-19 downturn, and this fact was a primary reason Mullen Group Ltd. experienced a revenue decrease during the second quarter.
July 23, 2020, 1:41 PM MDT
British Columbia is carrying out “its most ambitious plan to date” when it comes to orphan well management, as the province aims to abandon approximately 100 wells with support from northeastern B.C. service providers.
July 23, 2020, 7:05 AM MDT
The three-dimensional, multi-layer ‘cube’ approach to increasing the number of horizontal wells from single pads is a form of development garnering increasing interest and investment in the Montney, several producers told the recent TD Energy Inc. virtual energy conference.
July 22, 2020, 6 AM MDT
Just imagine: There is a metal alloy consisting of magnesium and aluminium, combined and compressed with some other chemicals to form a solid substance, which conveniently dissolves once its downhole completions work is done.
July 22, 2020, 8:55 AM MDT
Between labour disruptions late last year, rail blockades early this year then the COVID-19 pandemic, “it definitely has been a special time” for Canadian National Railway Company, say top executives.
July 22, 2020, 8:07 AM MDT
Could crude-by-rail make a comeback if pipeline capacity does not increase? While wider differentials could stimulate rail economics, Thomas Liles, senior analyst with Rystad Energy AS, says that for the time being it is difficult to envision rail transport of crude making a comeback, given current market conditions.
July 21, 2020, 8:11 AM MDT
When Alberta launched its Site Rehabilitation Program (SRP) less than two weeks after the federal government announced $1 billion in funding for the province, Phase 1 of that program was intended as a pilot, says Elizabeth Aquin, interim president and chief executive officer of the Petroleum Services Association of Canada (PSAC).
July 17, 2020, 6:33 AM MDT
Western Canadian energy production likely will not return to pre-COVID-19 levels until 2021, due to such factors as drastically-reduced drilling and completion activity this year, capital spending cuts on the shale side and sustainable capital cuts on the oilsands side, says Thomas Liles, senior analyst at Rystad Energy AS.
July 17, 2020, 9:16 AM MDT
As the Fourth Industrial Revolution continues to enhance connectivity and communication across various segments of the economy, oilfield operations are by no means exempt from this drive toward a digital frontier. And it is a good thing too, as companies are grappling with increasing challenges in a time of COVID-19 and low oil prices that demand ever-improved efficiencies in the energy sector.
July 15, 2020, 6 AM MDT
What Amazon.com has done for pretty much everything else, Fuelled.com hopes to do for the upstream oil and gas sector — giving sellers a transparent outlet to sell their equipment, while offering buyers the online credibility needed for them to purchase equipment remotely and from across the globe.
July 14, 2020, 6 AM MDT
Spacing wells vertically and horizontally in multi-well cubes certainly has benefits in terms of maximizing access to resources.
July 14, 2020, 12 AM MDT
When it comes to its nine natural gas plants connected with an extensive pipeline network, Peyto Exploration & Development Corp.’s focus of late has been on attracting nearby third-party volumes, says the chief operating officer.
July 10, 2020, 7:20 AM MDT
While Whitecap Resources Inc. still sees light oil as its “product of choice” due to higher netbacks along with potential for secondary and tertiary recovery methodologies, top brass says natural gas shows promise as well.
July 10, 2020, 12 AM MDT
Fulfilling asset retirement obligations associated with acquisitions is very important for Spartan Delta Corp., says top brass, as the company produces more than 25,000 boe/d from recently-bought Alberta assets.
July 10, 2020, 9:17 AM MDT
While energy sector consolidation is important, it will be difficult for these transactions to happen in the near-term given current market volatility and uncertainties surrounding the timing and shape of a recovery, a conference heard this week.
July 9, 2020, 12 AM MDT
According to Trican Well Service Ltd.’s top brass, most clients have been supportive of maintaining a healthy oilfield services sector in Canada during COVID-19 and the collapse in oil prices.
July 9, 2020, 9:18 AM MDT