Tidewater Midstream and Infrastructure Ltd. says it has decided to delay the expansion at Pipestone (Pipestone Plant 2) “until further notice” and plans to deploy “limited growth capital” in 2020 and focus on optimization and small capital projects with two to three year payouts.
November 14, 2019, 10:37 AM MST
High Arctic Energy Services Inc. generated eight per cent of its revenue in Q3 2019 from its operations in the U.S. — a region into which top brass could foresee continuing penetration and redeployment of Canadian rigs.
November 12, 2019, 8:05 AM MST
Cathedral Energy Services Ltd. commercialized technologies such as its FUSION duel-telemetry, measurement-while-drilling tool in the third quarter, while at the same time experiencing activity level declines in the U.S. market.
November 11, 2019, 9:46 AM MST
STEP Energy Services Ltd. has managed to reduce its 2019 capital program to $44 million (down $20 million from the previous guidance) as the company optimizes maintenance spending, maintains a field-ready fleet, but also deals with ongoing uncertainty regarding near-term demand for services.
November 8, 2019, 7 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
Tervita Corporation actually finds its level of opportunity for larger projects, perhaps counterintuitively, increases as companies continue to face macro-challenges in the energy sector.
November 8, 2019, 11:07 AM MST
Planned maintenance at NGL processing facilities and depressed frac-spread pricing drove a weaker third quarter for Inter Pipeline Ltd. as the company continues to build out projects designed to reduce its commodity price exposure.
November 8, 2019, 11:31 AM MST
Strad Inc. is poised to double its matting fleet ahead of schedule with the TMX expansion and Coastal GasLink projects simply “gravy” in a growing market.
November 8, 2019, 11:31 AM MST
Enerflex Ltd. says its solid third quarter results were backstopped by strong execution of projects included in its record backlog, higher service activity levels and the continued organic expansion of the contract compression fleet in the United States.
November 8, 2019, 10:41 AM MST
Essential Energy Services Ltd. reported third quarter revenue of $39.27 million, down from $50.63 million in the same period in 2018 due to low activity in the Western Canadian Sedimentary Basin.
November 7, 2019, 6:45 PM MST
After a solid third quarter, Keyera Corp. is “on track to deliver another record year of financial performance,” says David Smith, president and CEO.
November 6, 2019, 11:17 AM MST
Athabasca Oil Corporation reported that the ramp up of new Pad L7 wells at Leismer and a winter program consisting of Placid and Duvernay well completions are expected to sustain production through 2020.
November 6, 2019, 4:58 AM MST
Data library sales revenue for Pulse Seismic Inc. was $2.5 million for the three months ended Sept. 30, 2019, up from $1.6 million for the same period last year.
November 6, 2019, 5:07 AM MST
CWC Energy Services Corp. is expected to move two more drilling rigs to the United States by the end of 2020.
November 6, 2019, 5:55 AM MST
To support West Coast hydrocarbon terminals and LNG developments, Horizon North Logistics Inc. continues to work on first phase development of its 57-acre parcel of land located in Kitimat, as the first 360 beds of the Crossroads Lodge were operational in Q3 2019, with the whole 736-bed facility to be operational by late 2019 or early 2020.
November 6, 2019, 6:01 AM MST
The shift of AKITA Drilling Ltd.’s drilling rigs to the U.S. continues, and specifically the Permian.
November 1, 2019, 9:18 AM MDT
Calfrac Well Services Ltd. announced a $10 million reduction in its 2019 capital budget, which is now set at $139.6 million.
October 31, 2019, 7:18 AM MDT
Secure Energy Services Inc. has initiated a formal sales process for the divestiture of specific service lines that do not have recurring or production-related revenue streams.
October 31, 2019, 8:16 AM MDT
Baker Hughes Inc. reported a 46 per cent jump in quarterly adjusted profit on Wednesday on stronger performances in both oilfield services and turbomachinery.
October 30, 2019, 11:43 AM MDT
Mullen Group Ltd.’s chief executive officer believes 2020 will be the year of consolidation and attrition in the oil and gas sector.
October 25, 2019, 8:01 AM MDT
Husky Energy Inc. says a strategic review of the potential sale of the Canadian retail and commercial fuels business continues to progress.
October 24, 2019, 11 AM MDT
Mullen Group Ltd.’s third quarter results were softer year-over-year primarily due to less demand for truckload freight services and another challenging quarter for the oil and natural gas service industry.
October 24, 2019, 11:48 AM MDT
Precision Drilling Corporation attributes its North American market share gains in the third quarter of 2019 to the company’s high-performance, high-value strategy, as well as its Super Series rig fleet and expansion into Kuwait with its sixth new-build rig.
October 24, 2019, 10:06 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
Cordy Oilfield Services Inc.’s diversification strategy benefitted its Q2 2019 financial and operational results, which met management’s expectations and reflect modest growth and ongoing challenges in new market realities.
August 16, 2019, 8:17 AM MDT