Enerflex Ltd. will step away from the oilsands modular construction market, closing its Nisku, Alberta fabrication facility later this year, company executives said this morning.
February 27, 2015, 11:56 AM MST
Trican Well Service Ltd. will park 20 to 25 per cent of its pressure-pumping fleet during the second quarter, company executives said this morning.
February 26, 2015, 11:46 AM MST
Two-thirds of the way into this year’s first quarter, at least one oilfield service firm is taking a stand in the face of producer demands for ever-deeper discounts on service rates.
February 26, 2015, 8:55 AM MST
Earnings in the fourth quarter more than doubled for Calfrac Well Services Ltd., which also saw full-year net income more than double last year’s figures (see table).
February 25, 2015, 11:54 AM MST
Camp-and-catering provider Horizon North Logistics Inc. reported stronger earnings and revenue in the fourth quarter, although full-year figures were down from comparable 2013 results (see table).
February 24, 2015, 9:29 AM MST
Responding to continuing low natural gas prices, Enerplus Resource Fund will cut production from the Marcellus shale play, reduce its cash dividend, and once again lower this year’s capital budget, this time to $480 million, company executives said today.
February 20, 2015, 11:55 AM MST
Cleanup costs for a rupture and crude oil release on the Norman Wells pipeline four years ago should not be charged to shippers, but to the pipeline operator’s insurance, one shipper has argued in documents filed with the National Energy Board (NEB).
February 19, 2015, 11:06 AM MST
Slower-than-expected drilling in the year’s first quarter suggests Western Canada’s producers may be balancing their spending over the year, the head of Precision Drilling Corporation said yesterday.
February 13, 2015, 10:34 AM MST
U.S. private equity firms are poised to “pounce” during the current downturn, a Calgary business audience heard Wednesday.
February 12, 2015, 12:10 PM MST
Despite the sudden departure of its chief executive, it’s business as usual at Savanna Energy Services Corp., the service contractor’s interim head told the Bulletin this morning.
February 5, 2015, 11:59 AM MST
The executive heading up Junex Inc., the junior that has reported a crude oil discovery on Quebec’s Gaspé Peninsula, says that success has been a long time coming.
January 28, 2015, 11:01 AM MST
A discovery well drilled in Quebec’s Gaspé region has tested light, sweet crude oil at the rate of 161 bbls a day, says well-operator Junex Inc.
January 27, 2015, 11:12 AM MST
Vermilion Energy Inc. might cut its capital budget in the weeks to come, depending on how crude oil prices shake out, a company executive said late last week.
January 26, 2015, 10:56 AM MST
For Trilogy Energy Corp., the drop from last year’s $440 capital budget to this year’s $100 million figure was swift but if its partners were amenable, it would cut spending further still, the company’s president said Thursday.
January 23, 2015, 10:54 AM MST
Upcoming changes to disclosure rules for publicly-held oil and gas companies will make it easier for investors to understand corporate disclosure, say staff experts from the Alberta Securities Commission (ASC).
January 22, 2015, 8:17 AM MST
A new study by the Fraser Institute counters calls from environmentalists to ban crude oil tankers off Canada’s West Coast, noting that despite higher tanker traffic worldwide, oil spills have not proliferated.
January 15, 2015, 10:46 AM MST
Responding to the latest British Columbia First Nations lawsuit targeting the proposed Northern Gateway project, a spokesman for project proponent Enbridge Inc. yesterday re-affirmed the company’s faith in the regulatory process that conditionally approved the project last summer.
January 14, 2015, 9:09 AM MST
Several West Coast First Nations have filed a lawsuit they hope will force the British Columbia government to exercise what they call its “decision-making power” over the proposed Northern Gateway project.
January 13, 2015, 10:59 AM MST
In a report released late in 2014, Quebec’s environmental review board has concluded that the risks and liabilities posed by shale gas development outweigh the potential benefits.
January 9, 2015, 11:18 AM MST
While Quebec’s energy regulator says it supports TransCanada Corporation’s proposed Energy East project, it has stopped short of endorsing it, saying Quebec consumers should not be saddled with the costs of the crude oil segments of the project and suggesting that the company review the project’s terms.
January 8, 2015, 11:53 AM MST
The conditions that some of Canada’s provinces are trying to foist on interprovincial crude oil pipelines are driven more by politics than legal or jurisdictional issues, those familiar with the issue have told the Bulletin.
December 22, 2014, 8:03 AM MST
A study that weighs the benefits and liabilities of hydraulic fracturing concludes the risks thus posed are manageable.
December 11, 2014, 11:17 AM MST
An independent E&P that has long been picking the low-hanging fruit from India’s oil and gas fields is inviting Canadian oilfield service and supply firms to join the fray.
December 9, 2014, 11:12 AM MST
New Jersey Governor Chris Christie made a splash in Calgary Thursday, delivering the only major speech he’ll give in Canada as part of a brief Alberta tour.
December 5, 2014, 11:43 AM MST
Acknowledging their discussions earlier today were a good starting point, the premiers of Alberta and Ontario agreed to work together on matters of common interest, including energy infrastructure and a Canadian Energy Strategy.
December 3, 2014, 11:35 AM MST
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