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
High Arctic Energy Services Inc.’s second quarter revenue took a hit as a result of slow activity in Canada and longer than anticipated ramp up times in the United States.
August 14, 2019, 6 AM MDT
CES Energy Solutions Corp. remains “deeply disappointed” with the federal government’s “terrible public policy” for Canada’s energy sector, says top brass, but the company also remains committed to Canada — a market still holding much potential thanks to what CES can offer LNG developments and oilsands production.
August 13, 2019, 6 AM MDT
While Bri-Chem Corp. saw sales declines for the second quarter of 2019, management also managed to reduce the company’s net loss for the quarter.
August 13, 2019, 6 AM MDT
Pason Systems Inc. remains open to using mergers and acquisitions — made available through challenging times in the industry — as a means of reinforcing its initiatives in areas not directly tied to North American land drilling.
August 12, 2019, 10:31 AM MDT
Pipestone Energy Corp. says its net capital investment program continues to be on-track, on-time, and either on or under budget resulting in a reduced net capital guidance range for 2019 of $145 million to $155 million.
August 12, 2019, 12 AM MDT
Inter Pipeline Ltd.’s bulk liquid storage business in Europe stands out as the right asset to monetize as the company funds a substantial growth program in Alberta including the $3.5-billion Heartland Petrochemical Complex (HPC), executives said on Friday.
August 9, 2019, 11:21 AM MDT
Enerflex Ltd. does not intend to increase 2019 capital spending beyond the roughly $160 million laid out at the start of this year, says top brass, but the company still keeps an eye out for promising merger and acquisition deals.
August 9, 2019, 11:47 AM MDT
Total Energy Services Inc.’s second quarter results clearly reflect the year-over-year decline in drilling in Canada coupled with the company’s strategy to make money outside of the country.
August 9, 2019, 10:58 AM MDT
Kelt Exploration Ltd.’s second quarter 2019 average production was up 16 per cent to 30,314 boe/d from 26,120 boe/d in the comparable 2018 period due to ongoing new production from the company’s successful development pad drilling operations at its Inga/Fireweed core area.
August 9, 2019, 6 AM MDT
Cathedral Energy Services Ltd.’s 2019 activity levels in the U.S. have declined over the comparative period in 2018 as the company restructures its U.S. operations.
August 9, 2019, 9:38 AM MDT