TC Energy Corporation is exploring some opportunities to electrify and use renewable energy to power certain proprietary energy loads, with the goal of reducing emissions, as it advances on a C$21 billion secured capital program, working on a substantive portfolio of high-quality opportunities under development, says management.
July 29, 2021, 7:35 AM MDT
Higher activity levels drove a rebound in revenues and reduced net losses for Trican Well Service Ltd. in the second quarter of 2021, the company reported on Wednesday.
July 28, 2021, 8:06 AM MDT
Canadian Pacific Railway Limited moved 76,100 carloads of energy, chemical and plastics freight (the category that includes crude-by-rail) for the second quarter, which is up 21 per cent from Q2 of 2020, and senior management expects continued strength in this segment with further economic recovery during the rest of 2021.
July 28, 2021, 8:29 PM MDT
Secure Energy Services Inc. generated revenue (excluding oil purchase and resale) of $116.7 million for the second quarter, an increase of 78 per cent from the three months ended June 30, 2020.
July 27, 2021, 3:20 PM MDT
Western Energy Services Corp. has increased its capital budget for 2021 by $2 million to approximately $8 million.
July 26, 2021, 2:42 PM MDT
Precision Drilling Corporation’s Q3 total drilling days likely will exceed the Q1 winter drilling season, says the chief executive, and there is the potential for more rig activations in Q4 as customers prepare for a busier 2022.
July 22, 2021, 2:46 PM MDT
Precision Drilling Corporation expects to activate several more rigs in the Canadian market in the coming weeks, and the company has agreed to a multi-year contract to redeploy an AC Super Triple rig from Colorado to the Montney, as the outlook for Canada remains “exceptionally bright” for the next 12 months.
July 22, 2021, 7:55 AM MDT
Buoyed by a series of acquisitions and internal growth, Mullen Group Ltd. generated second quarter consolidated revenue of $312.5 million, an increase of $55 million, or 21.4 per cent, from revenue of $257.5 million a year earlier.
July 22, 2021, 11:06 AM MDT
Pulse Seismic Inc.’s data library sales revenue was $19 million for the three months ended June 30, 2021 compared to $1.9 million for the same three-month period of 2020.
July 22, 2021, 6 AM MDT
High Arctic Energy Services Inc. has spent more than a year on a practical process to convert existing Concord well servicing rigs to reliable, efficient and inexpensive electric drives. The company now has a patent pending on the design and it plans to identify industry partners to further test the technology at a pilot site in 2021.
May 17, 2021, 11 AM MDT
Tidewater Midstream and Infrastructure Ltd. said it delivered a record quarter of EBITDA generation in the first three months of 2021 as the Prince George Refinery (PGR) and Pipestone gas plant continue to run at high utilization rates.
May 17, 2021, 12 AM MDT
Total Energy Services Inc. maintained continuous operations in all jurisdictions, despite ongoing COVID-19 challenges and restrictions, particularly in Canada, says chief executive Daniel Halyk.
May 14, 2021, 12 AM MDT
North American pressure pumping pricing is showing early signs of recovery, said STEP Energy Services Ltd.
May 13, 2021, 7:05 AM MDT
For Ensign Energy Services Inc., Canada remains one of the most challenged areas both geopolitically and due to continuing COVID-19 issues, as well as in terms of securing a skilled workforce, says top brass.
May 10, 2021, 7:31 AM MDT
Enbridge Inc. achieved a strong outcome for this year’s first quarter, suggests management, given Q1 2020 results were largely free from the effects of COVID-19 pandemic that were still impacting Q1 2021.
May 7, 2021, 11:10 AM MDT
TC Energy Corporation and the Alberta government have agreed to formally suspend the Keystone XL pipeline project.
May 7, 2021, 10:11 AM MDT
Given the improvement in commodity prices and the expectation of a post-pandemic economic recovery, Pembina Pipeline Corporation said it anticipates a return to its traditional growth trajectory by 2022.
May 7, 2021, 1:39 PM MDT
Inter Pipeline Ltd. reported net income of $128 million in the first quarter of 2021, a 43 per cent increase over the first quarter of 2020, driven largely by strong performance in its new transportation and marketing segments.
May 7, 2021, 8:10 AM MDT
Essential Energy Services Ltd. is optimistic a portion of improved customer cash flow in the back half of 2021 and into 2022 will translate into improved pricing for oilfield services, which can then be re-invested into equipment upgrades and fleet expansion, crew additions and important environmental, social and governance (ESG) initiatives.
May 5, 2021, 7:59 AM MDT
Gibson Energy Inc. reported a “solid start” to 2021, with strong financial results, commercial advancements, and development of its environmental, social and governance (ESG) and sustainability practices.
May 4, 2021, 11:06 AM MDT
NCS Multistage Holdings, Inc.’s revenues were $28.5 million for the quarter ended March 31, 2021, which was a decrease of 48 per cent compared to the first quarter of 2020.
May 3, 2021, 2:28 PM MDT
Wild winter weather from Texas to Siberia to Western Canada dampened Calfrac Well Services Ltd.’s revenues in the first quarter, costing millions in suspended operations and higher input costs.
April 30, 2021, 10:31 AM MDT
Pason Systems Inc.’s Q1 2021 financial results reflected the headwinds associated with the pandemic’s impact on the oil and gas industry.
April 30, 2021, 10:04 AM MDT
CWC Energy Services Corp.’s board has approved an additional $700,000 of growth capital to further upgrade one of its drilling rigs.
April 29, 2021, 3:01 PM MDT
April 23, 2021, 10:54 AM MDT