CES Energy Solutions Corp. recognized early on in the first quarter of 2021 the looming supply-chain crisis, enabling the service company to develop strategies that minimize shortages and high costs for key raw materials, says management. Those early efforts are continuing to pay off for CES and its customers.
November 12, 2021, 2:24 PM MST
Pipestone Energy Corp. generated record revenue for Q3 2021 due to continued production growth, combined with improving commodity prices during the quarter, and the company is increasing its full-year capital budget.
November 10, 2021, 10:49 AM MST
Tidewater Midstream and Infrastructure Ltd. is experiencing strong fourth quarter results, thanks to improved producer activity, increased volumes and refined product demand, as the company also reported strong results for Q3 2021 — the quarter in which the company spun out its new subsidiary, Tidewater Renewables Ltd.
November 10, 2021, 3:12 PM MST
Transporting hydrogen at scale via pipelines offers an economic solution to the innate challenges associated with this would-be energy carrier, according to a recent Transition Accelerator webinar.
November 9, 2021, 6 AM MST
Total Energy Services Inc. has increased its 2021 capital expenditure budget to $33.2 million (up by $6.5 million) in response to increasing demand for drilling rigs and compression rental equipment.
November 9, 2021, 10:34 AM MST
Total Energy Services Inc. is seeing inflationary pressures across all its business segments, says the company’s president and CEO, as he expects Canada’s energy sector will show its “true capacity” in terms of equipment and personnel this winter season.
November 9, 2021, 3:14 PM MST
In the event that hydrogen becomes a much larger component of the overall energy mix, can the current pipeline network and infrastructure set up for natural gas accommodate higher concentrations of the periodic table’s lightest element? The answer: It depends, says Joe Cargnelli, chief technology officer at Hydrogenics Corporation.
November 8, 2021, 9:07 AM MST
Enerflex Ltd. reported $191 million in total bookings for Q3 2021, which is up from $23 million during the same 2020 period, says management, demonstrating an improving backdrop for the company’s engineered systems business.
November 8, 2021, 7:19 AM MST
During this year’s third quarter, Enerflex Ltd. continued working towards energy decarbonization by adding electric compression to its U.S. rental fleet, receiving orders for non-fossil fuel based engineered systems, and completing its first flare-to-power project in Latin America.
November 8, 2021, 7:20 AM MST
Ensign Energy Services Inc. is pushing its Canadian clients to keep drilling programs running through Christmas this year, as the company expects to be operating around 50 rigs by year-end 2021, peaking at 60 in the new year, and management wants to hang onto its crews through this period of increasing activity.
November 8, 2021, 3:51 PM MST
Ensign Energy Services Inc.’s firm stance on COVID-19 protocol of requiring proof of vaccination or on-site rapid testing has provided worker protection at rig sites, says management, and has resulted in virtually no shutdowns.
November 8, 2021, 4 PM MST
TC Energy Corporation modified its near-term dividend growth outlook in order to “judiciously fund” its suite of growth opportunities, maintain a strong financial position, and enhance its conservative, utility-like dividend payout ratios, says François Poirier, president and chief executive officer.
November 5, 2021, 1:42 PM MDT
Canadian Natural Resources Limited is constantly looking for enhancements to reduce its energy use, says Tim McKay, president, especially in light of higher commodity prices.
November 4, 2021, 12:46 PM MDT
Helium is a rare commodity, necessary for important industries and technologies in North America, says Marlon McDougall, president and chief operating officer, North American Helium Inc. As such, this resource is a growing opportunity for Canada’s energy sector that will not replace oil and gas, but certainly is complementary.
November 4, 2021, 6 AM MDT
North American Helium Inc. focuses on Saskatchewan for various reasons, says Marlon McDougall, president and chief operating officer, including due to the provincial government’s approach to helium — something that other jurisdictions could model to support this burgeoning Canadian industry.
November 4, 2021, 6 AM MDT
Western Canada’s burgeoning helium sector remains at an early-appraisal stage, driven primarily by junior start-ups whose current activity includes identifying prospects and core areas, appraisal drilling and early-stage production, says Brad Hayes, president of Petrel Robertson Consulting Ltd.
November 3, 2021, 6 AM MDT
Keyera Corp. continued construction on the KAPS pipeline project throughout the third quarter, with mainline construction still steadily progressing, and management considering this project as a “critical link” to integrate the company’s value chain, expanding what services it can offer to customers.
November 3, 2021, 11:12 AM MDT
Most service and supply companies that would help develop the helium resource in Western Canada already have offices in Calgary, working in the oil and gas sector, says Chris Bakker, chief executive officer, Avanti Energy Inc.
November 2, 2021, 6 AM MDT
Gibson Energy Inc. reported strong third quarter results, both operationally and financially, thanks in part to the infrastructure segment’s run-rate increasing with partial quarter contributions from the diluent recovery unit (DRU).
November 2, 2021, 9:46 AM MDT
Gibson Energy Inc. is positioned for “ESG-minded investors,” says top brass, as the company says it has the lowest carbon intensity amongst peers, while it also takes steps to achieve strong environmental, social and governance (ESG) ratings.
November 2, 2021, 11:16 AM MDT
SECURE Energy Services Inc.’s first quarter as a combined company with Tervita Corporation demonstrates that the increased size and scope generates significant free cash flow, improving overall leverage and enhancing the ability to deliver greater shareholder returns, says Rene Amirault, president and chief executive officer.
November 1, 2021, 12:42 PM MDT
SECURE Energy Services Inc. expects its 2022 sustaining capital spending will come to about $40 million, according to the third quarter financial and operational results, while additional sustaining capital related to landfill expansions comes to roughly $15 million, which assumes growth from industry activity levels.
November 1, 2021, 12:51 PM MDT
North American Construction Group Ltd. conducted “major fleet remobilization” between mine sites in its oilsands operations during this year’s third quarter, reflecting recent “project wins” for the company.
October 29, 2021, 8:49 AM MDT
Oilfield service costs will be of interest across the energy sector as companies prepare for what should be a fairly busy first quarter in 2022, says Brian Schmidt, president and chief executive officer, Tamarack Valley Energy Ltd.
October 28, 2021, 1:06 PM MDT
Tamarack Valley Energy Ltd. is increasing its full-year production guidance by four per cent to 34,250 boe/d, and the company has announced its inaugural dividend and return-of-capital framework.
October 28, 2021, 10:15 AM MDT