With growth in the Canadian oilfield services market stalled, many Canadian service providers are looking to the rapidly expanding U.S. market for new opportunities.
September 27, 2018, 7:12 AM MDT
With upstream capital investment and field activity in Canada expected to remain flat, oilfield service companies need to look to export markets to soak up excess capacity and grow their businesses.
September 13, 2018, 10:46 AM MDT
Higher customer demand for advanced coiled tubing units, pumping units and downhole tools in the Montney and Duvernay resource plays resulted in a significant revenue jump for Essential Energy Services Ltd. in the second quarter of 2018.
August 9, 2018, 10:59 AM MDT
Demand for high performance rigs able to drill extended reach horizontal wells and move quickly around drilling pads is driving the price recovery in the North American energy services market, executives at Ensign Energy Services Inc. told analysts during the company’s second quarter conference call on Tuesday.
August 8, 2018, 9:42 AM MDT
Precision Drilling Corporation’s day rates and operating margins improved in the second quarter of 2018 compared to the previous year and the company expects that trend to continue for the remainder of 2018 and into early 2019, president and chief executive officer Kevin Neveu told analysts on a conference call Thursday.
July 27, 2018, 10:06 AM MDT
Canada’s publicly traded oil and gas producers saw a major turnaround in their fortunes in 2017 as higher prices and lower costs resulted in a combined $12.4 billion in net income, compared to a combined loss of around $1.8 billion in 2016.
June 27, 2018, 6 AM MDT
With Canadian oil and gas production stranded due to a lack of market access, investment in Canada’s upstream industry has stagnated in 2018 after a major recovery in 2017.
June 26, 2018, 6 AM MDT
In 2017, Bonavista Energy Corporation began reaping the benefits of a five-year plan to focus its efforts on two core areas in the Deep Basin and West Central Alberta.
May 4, 2018, 9:33 AM MDT
With a strong first quarter of 2018 behind it, Calfrac Well Services Ltd. is expecting the remainder of 2018 to remain positive for its pressure pumping business, driven largely by U.S. growth, its chief executive officer Fernando Aguilar said in a conference call Tuesday.
May 2, 2018, 9:14 AM MDT
Western Canada’s oilfield services industry will continue to struggle as a glut of natural gas and a lack of market access for oil production keep a tight lid on new capital investment.
April 27, 2018, 10:14 AM MDT
Operators in Alberta’s Duvernay shale play have seen rapid technological advances, due in part to lessons learned in the prolific Eagle Ford shale play in Texas, according to a complimentary new JWN report sponsored by Halliburton.
March 21, 2018, 9:09 AM MDT
March 16, 2018, 11:10 AM MDT
The third annual JWN Oil & Gas Service & Supply Outlook Survey finds the sector still in recovery mode, with fewer companies reporting declines in revenue and profit margins, and a growing number of companies back in the black. Most companies remain shy on spending capital on growth, taking a wait and see attitude to whether the 2017 recovery has legs.
March 15, 2018, 10:46 AM MDT
There is opportunity to put more pressure pumping equipment to work in shale plays across the United States, although difficulties in accessing sand could slightly slow expansion in the short term, Calfrac Well Services Ltd. president and chief executive officer Fernando Aguilar told analysts during the company’s fourth quarter and year-end conference call on Thursday.
March 2, 2018, 9:58 AM MST
NCS Multistage Holdings, Inc. reported strong revenues and earnings in the third quarter of 2017, but expects a lull in Canadian activity in the final quarter of the year as operators exhaust their 2017 budgets.
November 14, 2017, 10:56 AM MST
Project delays in Canada and the U.S. caused some margin erosion for Enerflex Ltd. in the third quarter of 2017, but despite the delays the company saw net earnings of $25.2 million in the quarter, up from $17.6 million the previous year.
November 13, 2017, 8:59 AM MST
Higher activity levels across Trinidad Drilling Ltd.’s operating areas resulted in an almost 94 per cent increase in revenues in the third quarter of 2017 compared to the previous period in 2016.
November 9, 2017, 10:37 AM MST
Xtreme Drilling Corp. is making progress with its plans to sell its lower capacity drilling rigs while upgrading and building new high-capacity rigs to target U.S. resource plays.
November 6, 2017, 8:49 AM MST
As demand for more fracking spreads increases in Western Canada in response to growing well counts, pressure pumping companies are struggling to find crews to man re-activated equipment, Trican Well Service Ltd. president and chief executive officer Dale Dusterhoft said in announcing Trican’s 2017 third quarter results.
November 3, 2017, 6 AM MDT
Rock bottom service pricing and improved field productivity will allow the Canadian oil and gas industry to drill 7,550 wells by year-end 2017, an increase of around 90 per cent over 2016, Mark Salkeld, president of the Petroleum Services Association of Canada (PSAC), said in releasing PSAC’s 2018 Canadian Drilling Forecast in Calgary on Oct. 31.
November 1, 2017, 10:28 AM MDT
So far 2017 hasn't been a busy year for mergers and acquisitions in Western Canada’s energy services sector, Rhys Renouf, KPMG's National Energy Services leader, and a managing director of KPMG Corporate Finance Inc., said at KPMG’s 17th annual Energy Services Executive Roundtable in Calgary on Thursday.
September 29, 2017, 11:21 AM MDT
Demand for liquefied petroleum gas (LPG) outside of North America is growing, and if Canadian operators can reach export markets, they can profit from this upward trend, delegates at the Argus NGL Markets conference in Calgary heard on Tuesday.
November 6, 2015, 9:05 AM MST
The shale gas and tight oil boom in the U.S. is radically altering world energy markets, making it imperative Alberta finds new markets for its production, delegates at the Argus Canadian NGL Markets conference in Calgary heard this week.
November 5, 2015, 8:48 AM MST
Western Canada’s natural gas liquids market is in a state of serious over-supply, driving down prices and making most fractionation of the gas stream uneconomic, delegates at the Argus NGL Markets conference in Calgary heard.
November 5, 2015, 8:49 AM MST
The first half of 2015 has seen oilsands operators announce a flurry of initiatives aimed at streamlining construction of new projects to drive down construction costs.
October 14, 2015, 8:21 AM MDT