Secure Energy Services Inc.’s fourth quarter 2017 revenues rose 48 per cent year-over-year as conditions facing the oil and gas sector showed signs of a modest rebound on the back of rising, more stable crude oil prices.
March 2, 2018, 8:31 AM MST
CES Energy Solutions Corp. (CES) generated record annual revenue of $1.03 billion in 2017, well above revenue of $567.73 million in 2016 and eclipsing the previous record of $972.7 million in 2014.
March 2, 2018, 10:12 AM MST
Pason Systems Inc. generated consolidated revenue of $66.2 million in the fourth quarter of 2017, up 36 per cent from $48.8 million in the same period of 2016.
February 28, 2018, 6 AM MST
Trinidad Drilling Ltd. continues to benefit from improved profitability in its U.S. and international operations — a segment that brought improved industry conditions for the company in Q4 2017, and a segment that remains a focus in 2018.
February 27, 2018, 11:21 AM MST
Pembina Pipeline Corporation made “transformational strides” in 2017 — diversifying its business with the largest acquisition in the company’s history while placing $4.8 billion of projects into service — and the company is looking forward to a promising year ahead.
February 23, 2018, 10:46 AM MST
Western Energy Services Corp.’s fourth quarter revenues spiked 47 per cent to $66.52 million from $45.13 million a year earlier and the company expects continued momentum leading into spring breakup.
February 23, 2018, 6 AM MST
Trican Well Service Ltd.’s fourth quarter and year-end 2017 results improved dramatically from the same period in 2016 as higher activity levels, the acquisition of Canyon Services Group Inc. and significantly improved prices pumped up the bottom line.
February 22, 2018, 11:40 AM MST
With some cash-strapped producers looking to unload infrastructure in an effort to raise money for drilling programs, Keyera Corporation could potentially be an acquirer of some assets if the fit is right.
February 16, 2018, 10:14 AM MST
Enbridge Inc. says it achieved record deliveries of 2.733 million bbls/d of crude oil ex-Gretna on its Mainline in December 2017 due to a combination of growing WCSB supply and strong refinery demand.
February 16, 2018, 11:28 AM MST
Inter Pipeline Ltd. is definitely receiving increased interest from varies parties in the Heartland Petrochemical Complex since the company sanctioned its $3.5 billion construction in December.
February 16, 2018, 11:01 AM MST
TransCanada Corporation says it will move forward with a $2.4 billion expansion of its NGTL system to connect incremental supply and expand basin export capacity by one bcf/d of gas at the interconnection with its Canadian Mainline.
February 15, 2018, 10:22 AM MST
Precision Drilling Corporation expects day-rate stability across Canada in 2018 for its AC Super Triples, with particular strength in the Deep Basin, as Canadian drilling activity is largely flat so far this year when compared to the same point last year.
February 15, 2018, 9:46 AM MST
Teck Resources Ltd. says it has shipping agreements on the existing Keystone pipeline, and has also contracted bbls on the Trans Mountain expansion.
February 14, 2018, 3:42 AM MST
Mullen Group Ltd. is seeing more activity from its customers on bidding and revisting previous bids in relation to the LNG Canada project, says the company’s chief executive.
February 9, 2018, 3:43 AM MST
For 2018, based on current market conditions, NCS Multistage Holdings, Inc. expects consolidated revenue to climb by 35 to 45 per cent from 2017.
February 6, 2018, 6 AM MST
Kinder Morgan Canada Limited says the in-service date of the Trans Mountain pipeline expansion project will be delayed further and now projects a December 2020 start-up as further permitting delays prolong the start of full-on construction.
January 18, 2018, 10:56 AM MST
MATRRIX Energy Technologies Inc. reported revenue of $1.94 million for the third quarter, up from $268,000 the previous year.
November 20, 2017, 6 AM MST
Bri-Chem Corp., a wholesale distributor and blender of oilfield drilling, completion, stimulation and production chemical fluids, turned a loss to a profit in the third quarter.
November 17, 2017, 6 AM MST
The expansion of High Arctic Energy Services Inc.’s Production Services segment helped to mitigate the impact of lower Papua New Guinea (PNG) drilling and rentals activity resulting in $42.8 million in revenue in the quarter versus $47.5 million in the third quarter of 2016.
November 17, 2017, 6 AM MST
Oilfield chemicals provider CES Energy Solutions Corp. reported third quarter net income of $19.44 million, or seven cents per diluted share, versus a loss of $11.39 million, or four cents per share, in the same period last year.
November 17, 2017, 9:02 AM MST
Secure Energy Services Inc.’s third quarter revenue increased 53 per cent to $613.74 million from $401.8 million a year earlier.
November 15, 2017, 6 AM MST
NCS Multistage Holdings, Inc. reported strong revenues and earnings in the third quarter of 2017, but expects a lull in Canadian activity in the final quarter of the year as operators exhaust their 2017 budgets.
November 14, 2017, 10:56 AM MST
The third quarter of 2017 saw continued volatility in the AECO gas price as well as restrictions on TransCanada Corporation’s Canadian Mainline where producers at times struggled to get their gas to market, noted Tidewater Midstream and Infrastructure Ltd.
November 14, 2017, 5:56 AM MST
Source Energy Services Ltd. is currently working with Canadian National Railway Company to minimize the potential for future service interruptions following a series of rail delays in the Western Canadian Sedimentary Basin during the third quarter.
November 13, 2017, 9:48 AM MST
Project delays in Canada and the U.S. caused some margin erosion for Enerflex Ltd. in the third quarter of 2017, but despite the delays the company saw net earnings of $25.2 million in the quarter, up from $17.6 million the previous year.
November 13, 2017, 8:59 AM MST