With its first propane export terminal set to come into service near the end of the first quarter of 2021, Pembina Pipeline Corporation says it is evaluating its deferred expansion project for the Prince Rupert Terminal.
February 26, 2021, 11:36 AM MST
PHX Energy Services Corp. forecasts $15 million in capital expenditures for 2021, of which $8 million will be for maintenance of existing drilling and other equipment and $7 million for growth capital.
February 26, 2021, 5:47 AM MST
Secure Energy Services Inc. outlined a 2021 capital program of $15 million, which includes $12 million of sustaining capital.
February 26, 2021, 7:45 AM MST
Enerflex Ltd. expects capital expenditures could reach $50 million to $100 million this year, with approximately $20 million to $25 million spent on maintenance capex, and the rest going towards value-added growth projects.
February 25, 2021, 11:15 AM MST
Trican Well Service Ltd. has strengthened its liquidity and financial position post-Q4 2020 through agreements to sell non-core assets and businesses for proceeds of more than $7 million, which includes the signing of a definitive agreement to sell its software business for estimated proceeds of $6 million.
February 24, 2021, 5:57 AM MST
Gibson Energy Inc.’s marketing segment faces continued challenges to start 2021, with few current opportunities available, says top brass, but the market likely will shift later on during the year — the inverse of 2020.
February 23, 2021, 9:49 AM MST
Record results in its oilsands transportation business helped Inter Pipeline Ltd. weather what was a tough 2020 for many in the oil and gas industry.
February 19, 2021, 9:17 AM MST
Throughput on Enbridge Inc.’s Canadian Mainline averaged 2.65 million bbls/d in the fourth quarter of 2020, down from 2.73 million bbls/d in the 2019 quarter as volumes began to recover from the effects of the COVID-19 pandemic.
February 12, 2021, 11:21 AM MST
Calling its 2020 financial results “acceptable under the circumstances,” Mullen Group Ltd.’s chief executive says his number one objective is to position the trucking and logistics company for long-term success.
February 12, 2021, 12 AM MST
Keyera Corp. delivered adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) for the fourth quarter of $168 million, contributing to $873.58 million for 2020.
February 10, 2021, 10:47 AM MST
Precision Drilling Corporation intends to prioritize further market penetration of its Alpha digital technologies in 2021.
February 10, 2021, 9:39 AM MST
Canada’s well-servicing sector is reaching the limits of what it can do to recruit workers, and this situation holds true as well for Precision Drilling Corporation, says Kevin Neveu, president and chief executive officer.
February 10, 2021, 3:21 PM MST
Cenovus Energy Inc. generated full-year adjusted funds flow of $147 million compared with $3.7 billion a year earlier.
February 9, 2021, 5:52 AM MST
CES Energy Solutions Corp. is letting some of what it sees as its more irresponsible competitors self-destruct, because unless there is attrition of those firms that would, for example, use their own balance sheets and “work on the cheap” to subsidize large oil companies, then the whole oilfield services space will keep feeling margin pressure.
November 17, 2020, 9:19 AM MST
CES Energy Solutions Corp. has been able to maintain and grow its commitment to a strong and high-quality customer base in the Canada and U.S., says management. The company’s Q3 results demonstrate diversification through operating efficiencies and capitalizing on the completed infrastructure buildout in both operating regions.
November 17, 2020, 9:36 AM MST
While managing COVID during construction at Inter Pipeline Ltd.’s Heartland Petrochemical Complex has had an impact, the project remained on track in the third quarter of 2020, within the $4 billion revised budget and an expected in-service date of early 2022.
November 13, 2020, 11:21 AM MST
Calfrac Well Services Inc. is further reducing its full-year 2020 capital budget by 27 per cent to $40 million, doing so in response to current market conditions.
November 12, 2020, 11:46 AM MST
Horizon North Logistics Inc. saw higher-than-expected occupancy in open lodges, including its Crossroads Lodge in Kitimat, during this year’s third quarter.
November 11, 2020, 9:52 AM MST
During September 2020 Pipestone Energy Corp. re-started its drilling program with two wells drilled and rig released from the 3-12 pad.
November 11, 2020, 8:20 AM MST
Pulse Seismic Inc. data library sales revenue was $1.8 million for the three months ended Sept. 30, 2020 compared to $2.5 million during the same period last year.
November 11, 2020, 10:01 AM MST
Essential Energy Services Ltd. enjoyed more consistent coil well services activity levels in Q3 2020 as compared to an exceptionally slow second quarter, which supports reactivation of two coil-tubing rigs and a fluid pumper.
November 10, 2020, 9:06 AM MST
Enerflex Ltd. estimates its full-year 2020 capital spending will reach approximately $135 million to $140 million, compared to the previously disclosed $125 million to $130 million.
November 9, 2020, 12 AM MST
Improving industry demand resulted in the addition of a fourth fracturing crew in early October, said Trican Well Service Ltd.
November 6, 2020, 9:50 AM MST
Enbridge Inc. continues to advance its Line 3 replacement project in Minnesota with a decision by the Minnesota Pollution Control Agency (MPCA) on its Water Quality Certificate expected by the Nov. 14 statutory deadline.
November 6, 2020, 11:40 AM MST
Consolidation certainly seems to be coming to the oilfield drilling market, says Bob Geddes, president and chief operating officer, Ensign Energy Services Inc., although he is not purview to any related rumours at this moment.
November 5, 2020, 2:46 PM MST