Inter Pipeline Ltd. outlined a $1.2 billion capital expenditure program for 2020.
December 5, 2019, 3:25 PM MST
Canada is “second to no one” in terms of its industry’s operational, safety or environmental standards, says Total Energy Services Inc. top brass, and politicians and business leaders should see rigs first-hand.
December 2, 2019, 9:01 AM MST
Husky Energy Inc. says it plans capital spending of $3.2 billion to $3.4 billion for 2020, a reduction of $100 million from earlier guidance as it allocates less capital for Western Canada natural gas and conventional heavy oil.
December 2, 2019, 11:44 AM MST
Total Energy Services Inc.’s third quarter financial results reflect just how difficult it is to make a buck in the business.
November 8, 2019, 11:01 AM MST
Keyera Corp. currently has a significant capital program underway that extends secured growth out to 2022, and says it expects to invest between $800 million and $900 million in growth capital in 2019 and between $700 million and $800 million in 2020, excluding acquisitions.
November 6, 2019, 11:28 AM MST
Calfrac Well Services Ltd. focuses on controlling what it can control with its operations, says management, and part of such controlling measures “obviously and unfortunately” includes recently initiating a “realignment” exercise.
November 1, 2019, 10:44 AM MDT
While certainly a “gut punch” for Canada’s energy sector, Gary Mar is not surprised by Encana Corporation’s plans, announced on Thursday, to move its corporate domicile to the U.S.
October 31, 2019, 3:56 PM MDT
Investor interest in Canada’s energy services sector is at an all-time low, says Kevin Neveu, and the impact on Precision Drilling Corporation’s share price is troubling to its investors, management and the board of directors.
October 25, 2019, 10:45 AM MDT
Western Energy Services Corp. is decreasing its 2019 capital budget to $9 million, from the previous $15 million, due to decreased activity levels.
October 24, 2019, 8:51 AM MDT
September 24, 2019, 7:57 AM MDT
New analysis from CanOils shows that just 51 per cent of the operating cash flow generated by Canada’s major oilsands producers has been reinvested as capital expenditures in the first half of 2019.
September 18, 2019, 6 AM MDT
Several Canadian service companies provided capital spending updates for this year, and some for next year, while releasing their recent second quarter financial and operational results.
August 23, 2019, 8:56 AM MDT
Precision Drilling Corporation is reducing its 2019 capital spending plan to $144 million, down $25 million from the previous guidance, following completion of its Kuwait new-build project, the company announced this morning.
August 19, 2019, 7:37 AM MDT
Second-quarter earnings highlighted the challenges of the volatile AECO market as Canadian producers tightened production guidance, reduced spending or deferred projects until the second half of the year — when prices are cautiously expected to improve.
August 14, 2019, 7:59 AM MDT
Pason Systems Inc. remains open to using mergers and acquisitions — made available through challenging times in the industry — as a means of reinforcing its initiatives in areas not directly tied to North American land drilling.
August 12, 2019, 10:31 AM MDT
Essential Energy Services Ltd. is adding another long-reach conventional coil tubing rig to its fleet based on anticipated demand from its customers.
August 8, 2019, 2:11 PM MDT
Gibson Energy Inc. is refining its expected 2019 capital budget to between $230 million and $280 million, reflecting growth projects the company has added since the start of this year.
August 7, 2019, 11:16 AM MDT
Husky Energy Inc. CEO Rob Peabody kicked off the company’s investor day in Toronto this morning going off-script with a message of cautious optimism about Canada’s oil and gas industry.
May 28, 2019, 10:30 AM MDT
Saskatchewan hasn’t been immune to the challenges facing the oil and gas sector.
April 12, 2019, 11:14 AM MDT
PHX Energy Services Corp. has increased its capital spending by $10 million to bring its anticipated capital expenditures budget to $25 million for 2019.
April 8, 2019, 10:13 AM MDT
MEG Energy Corp. executives say "the clouds have lifted" now that it is no longer being pursued by Husky Energy Inc. However, the outlook isn’t yet clear enough for the company to sanction its full 2019 capital program.
January 22, 2019, 10:56 AM MST
Essential Energy Services Ltd. has set its 2019 capital budget at $6 million, primarily for maintenance capital, given the uncertain outlook for oil and natural gas activity in the Western Canadian Sedimentary Basin for 2019.
January 9, 2019, 11:49 AM MST
Capital discipline during the first half of 2019 is a focus for many Canadian producers due to current volatility in WTI, AECO and differentials.
January 8, 2019, 9:32 AM MST
Total Energy Services Inc. has set its preliminary 2019 capital expenditure budget at $40.5 million.
January 8, 2019, 6 AM MST
Rig activity has slowed down markedly in Western Canada with the holiday period around the corner.
December 21, 2018, 8:43 AM MST