Pason Systems Inc. increased its minority investment in Intelligent Wellhead Systems Inc. during this year’s second quarter, acquiring a portion of outstanding common shares for total cash consideration of $7.1 million.
August 11, 2021, 10:58 AM MDT
Pason System Inc.’s Q2 2021 results reflect strong competitive positioning, a prudent balance sheet, and operating leverage as industry conditions continued to improve from the depths of the COVID-19 downturn, says management.
August 11, 2021, 11:12 AM MDT
It is more likely than not that Tidewater Midstream and Infrastructure Ltd. will be expanding its Pipestone Gas Plant, based on recent throughput at the facility, says Joel MacLeod, chief executive officer.
August 9, 2021, 10:02 AM MDT
Pembina Pipeline Corporation has updated its full-year EBITDA guidance for 2021 to between $3.3 billion and $3.4 billion, raising the low-end, based on year-to-date results and the outlook for the remainder of the year.
August 6, 2021, 10:14 AM MDT
Pembina Pipeline Corporation continues to progress its Empress Cogeneration Facility, which uses natural gas to make up to 45 megawatts of electrical power, reducing overall operating costs by providing power and heat to the existing Empress NGL extraction facility.
August 6, 2021, 11:21 AM MDT
Enerflex Ltd. expects operator capital spending to increase as fundamentals improve in the back half of 2021 and into 2022 — a trend reflected in the company’s bookings, which have improved steadily since Q2 2020.
August 5, 2021, 9:28 AM MDT
Enerflex Ltd. has witnessed increasing demand for electrified rental compression as customers look to manage their environmental impact and reduce Scope-1 emissions, according to the company’s CEO.
August 5, 2021, 10:16 AM MDT
Gibson Energy Inc. has completed construction of the diluent recovery unit (DRU) near Hardisty, doing so on-schedule and within expected capital costs, and the company expects to place it into service sometime in Q3 2021.
August 4, 2021, 9:51 AM MDT
North American Construction Group Ltd. began feasibility studies in Q2 2021 — establishing a project team and hiring engineering and technical experts — in order to research the potential for blending hydrogen with diesel fuels in high-horsepower combustion engines.
August 3, 2021, 9:55 AM MDT
International Petroleum Corporation is increasing its full-year 2021 capital budget to US$73 million (up $36 million from the previous guidance), due to improved oil and gas prices leading to an expanded spending program, positioning the company to capture additional high-return and quick-payback opportunities from added production going into 2022.
August 3, 2021, 2:28 PM MDT
Enbridge Inc.’s experience in developing Canadian renewable natural gas (RNG) projects, working with various stakeholders, is something the company can build upon, eventually taking it to the U.S. market, says management.
July 30, 2021, 11:04 AM MDT
Enbridge Inc. delivered solid Q2 2021 financial performance, with high utilization across its systems as a global economic recovery from COVID-19 continues, and the company provides essential access to reliable and affordable conventional (and renewable) energy throughout this critical period.
July 30, 2021, 9:31 AM MDT
Coastal GasLink is in dispute with LNG Canada with respect to recognition of certain costs and the impacts on the project schedule, TC Energy Corporation top brass told this morning’s second quarter conference call.
July 29, 2021, 11:25 AM MDT
TC Energy Corporation, while optimistic on the future, is still in the early stage of investigating technologies and safety matters regarding transporting hydrogen, says François Poirier, president and chief executive officer.
July 29, 2021, 12:52 PM MDT
Whitecap Resources Inc. is dealing with an unplanned downtime event at Weyburn, which will reduce its third quarter production by approximately 1,600 boe/d — to 114,000 boe/d.
July 29, 2021, 3:12 PM MDT
Ovintiv Inc. is increasing its full-year crude and condensate guidance to between 190,000 and 195,000 bbls/d (up from the previous guidance of around 190,000 bbls/d) due to strong production outperformance across its assets, although the $1.5 billion 2021 capital guidance remains unchanged.
July 28, 2021, 9:43 AM MDT
Canadian Pacific Railway Limited moved 76,100 carloads of energy, chemical and plastics freight (the category that includes crude-by-rail) for the second quarter, which is up 21 per cent from Q2 of 2020, and senior management expects continued strength in this segment with further economic recovery during the rest of 2021.
July 28, 2021, 8:29 PM MDT
Precision Drilling Corporation employee recruitment and training practices represent a competitive advantage for the company coming out of the downturn, ensuring a sustained, strong market position, says top brass.
July 23, 2021, 7:27 AM MDT
If most emissions come out of the end use of hydrocarbons, then perhaps oil and gas companies should concentrate more efforts at resolving those end-use issues, says University of Calgary professor Robert Schulz.
July 22, 2021, 6 AM MDT
Precision Drilling Corporation’s Q3 total drilling days likely will exceed the Q1 winter drilling season, says the chief executive, and there is the potential for more rig activations in Q4 as customers prepare for a busier 2022.
July 22, 2021, 2:46 PM MDT
An important reason some companies in the energy sector are rebranding — changing their names to replace words such as ‘petroleum’ with ‘energy’ — is that they want to appeal to so-called ‘green funds’ or ‘ethical funds’ that would be turned off by references to oil and gas, suggests University of Calgary professor Robert Schulz.
July 21, 2021, 6 AM MDT
Canadian National Railway Company moved about 143,000 carloads of petroleum and chemical products — the category that includes crude-by-rail — for the second quarter of 2021, which is up nine per cent from Q2 last year.
July 21, 2021, 6:27 AM MDT
Can a name change backfire? In the case of Coca-Cola rebranding itself as New Coke in 1985, which came with a product shift, this was not well received, and so the product, and its name, went back to what it was prior, according to Dwight Heinrichs, a professor in the Paul J. Hill School of Business at the University of Regina.
July 20, 2021, 6 AM MDT
An interesting trend in the energy sector is firms removing references to oil and gas in their names, which University of Calgary business professor Robert Schulz says highlights where the world is moving toward in terms of energy.
July 19, 2021, 6 AM MDT
The B.C. Ministry of Energy, Mines and Low Carbon Innovation has cancelled the province’s pending July and August petroleum and natural gas tenure dispositions in consideration of a B.C. Supreme Court decision (on June 29) in favour of the Blueberry River First Nations, which has a formal treaty with the Crown.
July 16, 2021, 6:58 AM MDT
Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.