Husky Energy Inc. is lowering the boom on its spending outlook, dropping the 2020 capital program by $900 million, which is a 33 per cent reduction in upstream spending. There are also $100 million in additional cost-saving measures announced.
March 12, 2020, 3:56 PM MDT
Western Energy Services Corp.’s fourth quarter revenue decreased by $17.3 million to $45.8 million in 2019 as compared to $63.1 million in 2018.
March 3, 2020, 8:07 AM MST
Husky Energy Inc.’s top executive says his company’s operations in China have been relatively unscathed by the coronavirus outbreak and that employee wellbeing remains the number one priority.
February 27, 2020, 11:10 AM MST
Secure Energy Services Inc. says its current growth capital plan for 2020 is $50 million and will be directed primarily at completing construction of the East Kaybob oil pipeline system and other small expansion projects.
February 25, 2020, 9:46 AM MST
Precision Drilling Corporation is planning for a bearish year, says top brass, even if that scenario does not unfold this year.
February 5, 2020, 9:20 AM MST
TD Securities Inc. says that based on its recent review of 2020 Western Canadian Sedimentary Basin (WCSB) capital spending (excluding oilsands) for 17 Canadian E&Ps that have provided guidance, the firm expects capital spending to be down three per cent year-over-year.
January 21, 2020, 10:15 AM MST
Calfrac Well Services Ltd. intends to spend approximately $100.5 million in 2020, mostly towards maintenance capital expenditures.
January 14, 2020, 8:40 AM MST
Pressure pumping equipment with active crews appears to be fully booked through the first quarter of 2020, say TD Securities Inc. analysts.
January 13, 2020, 10 AM MST
Source Energy Services Ltd. has approved a 2020 capital spending budget of $5.6 million, which is substantially comprised of sustaining capital.
January 13, 2020, 10:40 AM MST
Western Energy Services Corp. plans to spend about $8 million in 2020, with this year’s capital expenditures budget allocating roughly $7 million towards maintenance and $1 million for expansion.
January 10, 2020, 9:20 AM MST
Precision Drilling Corporation has updated its 2020 capital expenditure plan to $85-$105 million, up from the previous $60-$80 million.
January 7, 2020, 8:30 AM MST
Total Energy Services Inc. announced a preliminary 2020 capital expenditure budget of $23 million.
January 7, 2020, 12 AM MST
The 2020 “main story” for oilfield services will be excess drilling and completions capacity across North America with a flat capital spending profile in Canada, according to an industry analyst.
January 2, 2020, 7:29 AM MST
Tourmaline Oil Corp. is forecasting a 2020 EP capital spending program of $925 million.
December 17, 2019, 3:08 PM MST
Pembina Pipeline Corporation announced a capital spending budget of $2.3 billion for 2020.
December 16, 2019, 2:33 PM MST
CWC Energy Services Corp. unveiled a 2020 capital expenditure budget of $6.7 million.
December 12, 2019, 2:56 PM MST
Gibson Energy Inc. plans to spend $300 million, predominantly on sanctioned growth projects, along with $25 million for replacement capital projects, in 2020.
December 10, 2019, 10:58 AM MST
Strad Inc. has allocated $25 million towards expanding and maintaining its industrial matting segment in Canada and the United States next year.
December 10, 2019, 10:40 AM MST
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
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