Due partly to better cost efficiencies, Husky Energy Inc. has cut its capital spending guidance for 2017 to the $2.2-$2.3 billion range.
October 26, 2017, 11:56 AM MDT
Continuing with a trend established earlier this year, in its first and second quarters, Calfrac Well Services Ltd. announced a boost in capital spending Thursday, as it released its third quarter results, with signs that the pressure pumping business has recovered from a two to three year downturn.
October 26, 2017, 7:59 AM MDT
Pembina Pipeline Corporation says that to accommodate incremental volume commitments from customers, the company is adding additional infrastructure and increasing “operational flexibilities” to its previously announced Phase V pipeline expansion, which included a 20-inch pipeline from Lator to Fox Creek, Alberta.
September 28, 2017, 6:33 AM MDT
Acquiring Savanna Energy Services Corp. earlier this year led to sharply-higher revenue for Total Energy Services Inc. in the second quarter and year to date, the company reported today.
August 11, 2017, 11:26 AM MDT
Responding to stronger field activity, Essential Energy Services Ltd. has hiked its 2017 capital budget 43.8 per cent to $23 million, management said in releasing second-quarter results this week.
August 10, 2017, 11:26 AM MDT
Keyera Corp. says it has seen a surge in throughput at its Simonette gas plant, setting a new record in June as producers continue to develop the liquids-rich Montney geological zone.
August 10, 2017, 10:48 AM MDT
As Mullen Group Ltd. released second-quarter results Tuesday, the company’s chief executive said the huge capital projects that were formerly typical of Western Canada’s oilsands sector are “endangered.”
July 26, 2017, 12 AM MDT
Responding to a resurgence in industry activity, one of Canada’s remaining pressure-pumping contractors is boosting capital spending to $65 million from $45 million, the company said today.
July 26, 2017, 10:20 AM MDT
Pembina Pipeline Corporation has placed approximately $2.8 billion of integrated capital projects into service, including its Phase III pipeline expansion and two connected major delivery points: the company's third fractionator at Redwater (RFS III) and its Canadian Diluent Hub (CDH).
July 4, 2017, 7:39 AM MDT
Strad Energy Services Ltd. has approved an increase to its 2017 capital expenditure program of $11 million, from $15 million to $26 million.^
June 29, 2017, 6 AM MDT
Keyera Corp. says it has sanctioned the first phase of its $625 million natural gas gathering and processing complex in the Wapiti area south of Grande Prairie, Alberta.
June 1, 2017, 6 AM MDT
Trinidad Drilling Ltd. has increased its capital expenditure budget for 2017 by $80 million, in response to strong demand from customers, particularly in the Permian Basin in the U.S.
May 2, 2017, 6 AM MDT
Pembina Pipeline Corporation’s board approved a 6.25 per cent increase in its monthly common share dividend rate (from 16 cents per common share to 17 cents per common share), the company's sixth consecutive annual increase.
April 4, 2017, 6 AM MDT
Tidewater Midstream and Infrastructure Ltd. has reached a 10-year Brazeau River Complex (BRC) processing and reserve dedication agreement in principal on 55,000 acres of undeveloped lands, as the company scopes a complex expansion to increase processing capacity and add more natural gas and natural gas liquid (NGL) takeaway options.
March 30, 2017, 10:20 AM MDT
Trinidad Drilling Ltd. has increased its capital budget for 2017 by $55 million.
March 16, 2017, 6 AM MDT
A wide gas price basis differential between AECO and Chicago largely drove strong Canadian throughput on the Alliance pipeline in 2016, its first year of service under its new service model, says Veresen Inc., a 50 per cent owner.
March 1, 2017, 8:24 AM MST
Producer capital spending is estimated at $28.08 billion for 2017, according to DOB estimates of 55 E&Ps, following an announcement of higher spending plans by Encana Corporation this week, the latest operator to officially announce its plans.
February 17, 2017, 8:49 AM MST
An estimated $13.5 billion will be spent on oilsands projects this year, the vast majority of it on maintenance, compared to an estimated $16 billion in 2016 — both figures are a far cry from the almost $34 billion spent in 2014 when oilsands spending peaked, says a researcher.
February 2, 2017, 6 AM MST
Kinder Morgan Canada Inc. has been watching actions of Aboriginal protestors and officials at the Dakota Access pipeline construction site and will be prepared should the Trans Mountain expansion face similar protests, says the company’s president.
January 26, 2017, 7:34 AM MST
The final cost of the Trans Mountain expansion is expected to be higher than the current estimate of C$6.8 billion, the top executive of proponent Kinder Morgan Inc. said this morning.
January 25, 2017, 10:34 AM MST
January 24, 2017, 8:06 AM MST
Trinidad Drilling Ltd. expects to spend approximately $40 million in capital expenditures in 2017.
January 18, 2017, 6 AM MST
For the fourth quarter of 2016 Xtreme Drilling Corp. had total operating days of 479 from its drilling operations.
January 17, 2017, 6 AM MST
Ensign Energy Services Inc.’s 2017 capital expenditure budget has been approved by its board of directors at $61 million.
January 3, 2017, 6 AM MST
Veresen Inc. announced the sanction of $195 million ($93 million net to Veresen) in new capital projects at Veresen Midstream.
December 29, 2016, 6 AM MST