As cost-cutting continues and producers look for new ways to save, service companies like Essential Energy Services Ltd. are realizing they could benefit, the company’s annual general meeting heard this week.
May 8, 2015, 10:33 AM MDT
Alberta’s new political landscape drew comment Wednesday when industry executives were asked about the current climate for mergers and acquisitions in Alberta’s oilfield service sector.
May 7, 2015, 10:49 AM MDT
Despite a dramatic drop in industry activity across Western Canada, Canyon Services Group Inc. stayed “relatively active” in pressure-pumping and fluid-handling in the first quarter, management said this morning.
May 6, 2015, 11:25 AM MDT
Creating a culture of safety in the energy sector is key to gaining public confidence, says the head of the National Energy Board.
May 5, 2015, 8:10 AM MDT
Responding to continuing weak oil and gas prices, ARC Resources Ltd. will cut full-year capital spending 26.6 per cent to $550 million, down from $750 million announced earlier this year, and down from $875 million outlined in November 2014.
May 4, 2015, 11:40 AM MDT
Creating a culture of safety in the energy sector is key to gaining public confidence, says the head of the National Energy Board.
April 30, 2015, 11:55 AM MDT
While drilling levels in Western Canada have likely hit bottom, the United States is another story, say executives at Precision Drilling Corporation.
April 28, 2015, 10:41 AM MDT
Those looking to assign blame for the world’s ongoing crude oil glut need look no further than the United States, an oil and gas analyst said in Calgary this week.
April 24, 2015, 11:29 AM MDT
April 22, 2015, 11:42 AM MDT
The belief that Canada’s First Nations usually prevail in this country’s courts, often at the expense of government and industry, is widespread but mistaken, according to a lawyer versed in aboriginal law.
April 21, 2015, 11:44 AM MDT
Call it a “frac”-log. As oilfield service costs continue to slide across North America, some producers are delaying well-completions to conserve capital and reap future savings, a recent United States study suggests.
April 20, 2015, 9:38 AM MDT
A shipper on a Northern crude oil pipeline that challenged spill cleanup costs assessed against it in a complaint to the National Energy Board (NEB) has withdrawn the complaint.
April 13, 2015, 11:08 AM MDT
Shale plays dominated the top 100 oil and gas fields in the United States in 2013, according to a U.S. Energy Information Administration (EIA) study released this week.
April 7, 2015, 10:41 AM MDT
Alberta’s decision to reject corporate tax hikes in last week’s provincial budget was no coincidence, provincial Finance Minister Robin Campbell told business executives in Calgary on Monday.
March 31, 2015, 10:22 AM MDT
The current downturn is an opportunity to innovate and trim the industry’s cost profile, industry analysts heard Thursday.
March 27, 2015, 11:31 AM MDT
Canada’s economy and thousands of jobs are inseparably linked to a peaceful and mutually-beneficial relationship with this country’s First Nations and government leaders need to ensure they address their concerns to head off potential confrontations, a Calgary audience heard Tuesday.
March 25, 2015, 11:38 AM MDT
Alarm bells are not yet ringing among those who track debt levels in Western Canada’s oilfield service sector, but they will certainly sound in this year’s second or third quarter, say financial analysts.
March 23, 2015, 11:41 AM MDT
Responding to spending cutbacks by a major client, Northern Frontier Corp. has moved quickly to cut costs and is “aggressively” marketing its services beyond its Conklin, Alta., operating area, the company said in a conference call.
March 23, 2015, 11:50 AM MDT
Growth at the company’s Montney development at East Bigstone, Alta., drove record production for Delphi Energy Corp. in the fourth quarter (see table).
March 19, 2015, 11:31 AM MDT
Despite cuts to service pricing currently running beyond 10 per cent, the oilfield service business will likely weather steeper cuts this summer as contractors compete in a weak market, according to one of Western Canada’s largest contractors.
March 17, 2015, 10:28 AM MDT
Largely responding to the widespread drop in drilling and coiled tubing activity, Xtreme Drilling and Coil Services Corp. has cut this year’s capital budget to $21 million from roughly $65.3 million spent last year.
March 13, 2015, 11:26 AM MDT
The term “value-added” is being widely misused, according to a local economist.
March 12, 2015, 8:03 AM MDT
A maintenance turnaround set to start in mid-May on the Terra Nova floating, production, storage and offloading (FPSO) vessel will run to 10 weeks instead of the usual four, due to a needed tank remediation, according to a spokesman for operator Suncor Energy Inc.
March 6, 2015, 8:38 AM MST
Essential Energy Services Ltd. will cut salaries and reduce staff in order to trim costs in the face of the ongoing industry downturn, company executives said today.
March 5, 2015, 11:52 AM MST
The continuing industry downturn will likely impact first-quarter financial results, executives at Nabors Industries Ltd. warned yesterday.
March 4, 2015, 9:34 AM MST
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