While the COVID-19 pandemic has hit productivity at Inter Pipeline Ltd.’s Heartland Petrochemical Complex (HPC) worksite, the company expects the project to come in on time and to meet its revised budget.
August 7, 2020, 10:51 AM MDT
With commodity prices stabilizing after the pandemic-induced collapse, Calfrac Well Services Ltd. expects a slow, steady recovery in field activity in the remainder of 2020. However, it has less clarity on any longer term recovery, company president and chief operating officer Lindsay Link told analysts at the company’s second quarter of 2020 conference call on Thursday.
July 30, 2020, 4:30 PM MDT
How do you take an idea to solve a pressing challenge in the oil and gas industry and turn it into a viable product?
June 8, 2020, 7:20 AM MDT
With its pipeline, NGL extraction and storage business providing stable cash flow, Inter Pipeline Ltd. is focused on maintaining liquidity through the pandemic and commodity crunch, while completing construction and finding a partner for its Heartland Petrochemical Complex, analysts heard at the company’s quarterly conference call Friday.
May 8, 2020, 11:46 AM MDT
After three years of solid growth, oilsands mining service provider North American Construction Group Ltd. is seeing a slowdown resulting from the COVID-19 pandemic.
May 7, 2020, 9:21 AM MDT
Canada’s oil and gas industry is facing disaster as the collapse in oil demand due to the COVID-19 pandemic results in record low prices, and as the carnage plays out it will devastate the Canadian economy as a whole, according to the over 600 respondents to the Daily Oil Bulletin COVID-19 Response survey.
April 17, 2020, 10:15 AM MDT
With the collapse in oil prices hammering industry cash flows, many oil and gas companies are looking for help from the financial community and governments to survive until the crisis abates.
April 14, 2020, 10:03 AM MDT
Canadian oil and gas companies are rapidly adjusting their cost structures to remain viable as the collapse in oil prices resulting from the drop in demand from the COVID-19 pandemic hammers cash flows, according to the results of the Daily Oil Bulletin Pandemic Survey.
April 9, 2020, 9:22 AM MDT
Canada’s oil and gas industry reacted quickly to the COVID-19 pandemic, implementing emergency response plans and ensuring the safety of its workers, according to a survey completed last week by the Daily Oil Bulletin.
April 8, 2020, 11:36 AM MDT
Despite limited insight into producer intentions and an oversupply of fracturing spreads in North America, Calfrac Well Services Ltd. president and COO Lindsay Link expects the remainder of 2019 to be busier than the first half of the year.
August 2, 2019, 6 AM MDT
Canada’s publicly traded oil and gas producers reported a 10 per cent increase in production in 2018 compared with the previous year, but the increase didn’t translate into stronger earnings.
August 1, 2019, 10:51 AM MDT
The oil and gas industry in Canada is in the midst of a great disruption.
July 24, 2019, 11:38 AM MDT
Tough new federal clean fuel standards set to begin in 2022 will drive up energy costs across the Canadian economy, according to a recent report authored by the Canadian Energy Research Institute (CERI).
May 24, 2019, 7:52 AM MDT
Akita Drilling Ltd.’s expansion into the U.S. market is paying off for the Calgary-based drilling contractor, company president and chief executive officer Karl Ruud told shareholders at the company’s annual meeting in Calgary on Tuesday.
May 16, 2019, 10:04 AM MDT
Tough oilfield service market to continue throughout 2019, says Trican Well Service Ltd.’s president and CEO Dale Dusterhoft.
May 10, 2019, 9:52 AM MDT
Higher oil prices aren’t translating into more drilling activity in Western Canada, the Petroleum Services Association of Canada (PSAC) reported in its mid-year update to its 2019 Oilfield Services Activity Forecast Wednesday in Calgary.
May 2, 2019, 10 AM MDT
Five years ago private oil and gas producer NAL Resources was chugging along, producing around 40,000 boe/d from its legacy assets in Alberta and Saskatchewan and spinning out cash flow to its sole owner Manulife Financial Corporation.
December 10, 2018, 8:02 AM MST
After relatively strong activity throughout the summer, a wet September slowed demand for Essential Energy Services Ltd.’s coiled tubing rigs and pumper units as the third quarter came to a close.
November 8, 2018, 10:54 AM MST
With market access issues driving down prices for Western Canadian oil and gas, and regulatory issues threatening to drive up costs, there was a lot of pessimism about the future prospects for the Canadian industry in the audience at the Petroleum Services Association of Canada’s (PSAC) annual forecast luncheon in Calgary last Thursday.
November 6, 2018, 6 AM MST
Uncertainty surrounding oil and gas prices, market access issues, rising regulatory costs, and a closed equity market are creating major headwinds for Canadian oil and gas producers as 2018 comes to an end and these challenges will trickle down to an already hurting service and supply industry in the new year, a packed house at the Petroleum Services Association of Canada’s (PSAC) 2019 Canadian Drilling Activity Forecast event heard on Thursday.
November 2, 2018, 10:45 AM MDT
The Petroleum Services Association of Canada (PSAC) expects a total of 6,600 wells (rig releases) to be drilled in Canada in 2019, a decline of 5.4 per cent compared with its final forecast for 2018.
November 2, 2018, 11:13 AM MDT
Many Canadian oilfield service companies are increasingly relying on export markets in the face of flat activity and tight margins at home, according to executives at the recent Grant Thornton oilfield services executive roundtable in Edmonton.
October 30, 2018, 9:51 AM MDT
Western Canada’s pressure pumpers have seen little growth in 2018 compared to 2017, and that trend is expected to continue into the first half of 2019 as a lack of market access dampens operator enthusiasm to invest in the basin, Calfrac Well Services Ltd. president and chief executive officer Fernando Aguilar told analysts during the company’s 2018 third quarter conference call on Thursday.
October 26, 2018, 9:57 AM MDT
Edmonton — Western Canada’s oilfield services companies continue to face pricing pressure from customers focused on cutting costs rather than growing production, a group of industry leaders reported at the Grant Thornton LLP energy services executive roundtable in Edmonton.
October 24, 2018, 6 AM MDT
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