Even though the risk for service companies worldwide is substantial in a global sustainable development scenario (SDS), there will be material and significant opportunities for those suppliers who diversify and create value in segments such as emissions abatement and clean energy technologies, says a Rystad Energy AS analyst.
May 31, 2021, 7:47 AM MDT
Canadians lack a strong level of trust in the courts when it comes to deciding on energy project and climate change disputes, suggests the results of a recent survey from Positive Energy and Nanos Research.
May 31, 2021, 2:19 PM MDT
Technology improvements continued to be an important differentiator for oilfield services companies during this year’s first quarter, including through continued investing in automation and digitization.
May 28, 2021, 6 AM MDT
While the newly-named Canadian Association of Energy Contractors (CAOEC) may be expanding its mandate to include the hydrogen, helium, geothermal, and carbon capture, utilization and storage (CCUS) sectors, it certainly is not abandoning oil and gas in the process, says president and chief executive officer Mark Scholz.
May 27, 2021, 2:12 PM MDT
Suncor Energy Inc. plans to become a net-zero carbon emissions company by 2050 on emissions produced in running its facilities, including those in which it has a working interest.
May 27, 2021, 6:03 AM MDT
The Terra Nova floating, production storage and offloading (FPSO) vessel, located offshore about 350 kilometres southeast of Newfoundland and Labrador, is presenting something a challenge for Suncor Energy Inc.
May 27, 2021, 6:13 AM MDT
The importance of pricing was a sentiment expressed by several oilfield services companies while reporting their first quarter financial and operational results.
May 21, 2021, 6:31 AM MDT
To address the issue of long-term inactive and un-reclaimed wells, the province should strengthen the governance of surface rights and well liabilities, suggests a new School of Public Policy report.
May 21, 2021, 10:11 AM MDT
Avanti Energy Inc. is on track to be an industry-leading helium producer, as the company boasts an experienced oil and gas workforce, pivoting to this new resource, as well as a developing portfolio of high-quality assets.
May 19, 2021, 6:34 AM MDT
Avanti Energy Inc. is developing critical resources to unlock helium reserves across Western Canada and into the U.S., helping meet the increasing global demand for this scarce, irreplaceable element.
May 19, 2021, 6:37 AM MDT
Trican Well Service Ltd. introduced during Q1 2021 the first fracturing pumper in Canada with a CAT Tier-4 dynamic gas blending (DBG) engine, which displaces up to 85 per cent of diesel used in a conventional pumper with clean-burning natural gas, which reduces carbon dioxide and particulate matter emissions.
May 17, 2021, 6:26 AM MDT
Trican Well Service Ltd. plans to increase its pricing in the second half of 2021, says top brass, as the company simply cannot operate at current pricing levels if it wants to maintain a sustainable business.
May 14, 2021, 8:15 AM MDT
Trican Well Service Ltd. has enjoyed a “really good start” to the second quarter, says Bradley Fedora, president and chief executive officer, as customers take advantage of good commodity prices and stable weather.
May 14, 2021, 9:03 AM MDT
Digitization is important for CES Energy Solutions Corp., says top brass, but such technological advancements cannot replace all the workers in the field.
May 14, 2021, 12 AM MDT
CES Energy Solutions Corp. was able to leverage its established infrastructure and strong industry positioning in Q1 2021, capitalizing on positive developments as demonstrated by sequential improvements in financial results.
May 13, 2021, 11:30 AM MDT
While resources such as hydrogen, helium and geothermal will benefit oilfield service firms, as well as support the sustainable energy story in the future, none of their developments are yet mature enough to sustain even one crew for a year, and therefore they are not yet ready to provide the sort of sustainability workers would like to see in the industry, says Duncan Au, president and chief executive officer of CWC Energy Services Corp.
May 12, 2021, 6 AM MDT
Keyera Corp. preserved its strong financial position during the first quarter of 2021, maintaining $1.5 billion in available liquidity with minimal near-term debt maturities.
May 12, 2021, 10:27 AM MDT
If simply raising wages would solve the energy sector’s so-called “labour crunch” problems, then that would be an easy solution, suggests Breanne O’Reilly, program manager, PetroLMI (a division of Energy Safety Canada).
May 11, 2021, 6:36 AM MDT
Keyera Corp. is well positioned to adapt to and find opportunities in the energy transition, says Dean Setoguchi, president and chief executive officer. The company will remain focused on generating returns for the shareholders, he adds, leveraging existing core competencies and an asset base throughout this transition.
May 11, 2021, 4:27 PM MDT
In Western Canada, a “labour crunch” already began to show itself this past winter as oilfield service companies could not get to projects as quickly as customers would have wanted due to staffing, says Duncan Au, president and chief executive officer at CWC Energy Services Corp.
May 10, 2021, 6:40 AM MDT
Ensign Energy Services Inc. has been raising its rates coming out of spring breakup by $1,000 per day, says Bob Geddes, president and chief operating officer, and the oilfield services company is talking with clients about possibly increasing rates by $2,000 per day going into the fall.
May 10, 2021, 2:16 PM MDT
For Ensign Energy Services Inc., Canada remains one of the most challenged areas both geopolitically and due to continuing COVID-19 issues, as well as in terms of securing a skilled workforce, says top brass.
May 10, 2021, 7:31 AM MDT
There is no sufficient alternative to Enbridge Inc.’s Line 5, which provides about half of the crude oil and propane to the Great Lakes states and Central Canada, says Vern Yu, executive vice-president and president, liquids pipelines.
May 7, 2021, 11 AM MDT
Enbridge Inc. achieved a strong outcome for this year’s first quarter, suggests management, given Q1 2020 results were largely free from the effects of COVID-19 pandemic that were still impacting Q1 2021.
May 7, 2021, 11:10 AM MDT
By approaching the energy transition as a massive opportunity for the oil and gas industry, the Avatar program has been able to pick up as a movement, says its founder, with young professionals thriving on encouragement and support towards tackling the biggest, most exciting energy projects and environmental solutions facing the modern world.
May 6, 2021, 12 AM MDT
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