Strad Energy Services Ltd. reported revenue of $33.9 million in the third quarter of 2017, up 67 per cent compared to $20.3 million for the same period in 2016.
November 13, 2017, 8:42 AM MST
Gibson Energy Inc.’s third quarter revenues increased to $1.4 billion from $1.18 billion a year earlier as the company continues to progress towards the completion of major growth projects within its Infrastructure segment, primarily related to the construction of tankage and pipeline connections.
November 10, 2017, 3:51 PM MST
Cathedral Energy Services Ltd. saw substantial improvements to its financial results for Q3 2017, due to improvements in overall drilling activity in both Canada and the United States.
November 10, 2017, 11:17 AM MST
TransCanada Corporation’s Mainline out of Western Canada is operating at full capacity of 3.8 bcf/d of long-haul contracts with the new Long Term Fixed Price (LTFP) service which went into service Nov. 1, 2017, a senior executive said this morning.
November 9, 2017, 11:58 AM MST
Higher activity levels across Trinidad Drilling Ltd.’s operating areas resulted in an almost 94 per cent increase in revenues in the third quarter of 2017 compared to the previous period in 2016.
November 9, 2017, 10:37 AM MST
For the first time in its 21-year history, Total Energy Services Inc. says that during the third quarter the majority of revenues were derived from outside of Canada.
November 9, 2017, 10:51 AM MST
The recovery in Canada’s oilfield service sector appears to be gathering steam, with Calgary-based Essential Energy Services Ltd., which offers the country’s largest coiled tubing fleet, along with fluid and nitrogen pumping and downhill tool rentals and sales, recording stronger than anticipated third quarter results.
November 9, 2017, 8:29 AM MST
Keyera Corporation has announced plans to construct the $120 million North Wapiti Pipeline System to provide critical infrastructure and services to producers developing the Montney north of the Wapiti River.
November 8, 2017, 8:31 AM MST
STEP Energy Services Ltd. has expanded its 2017 capital program by $15 million, bringing the revised capital program to $115 million.
November 8, 2017, 5:34 AM MST
Pason Systems Inc. generated consolidated revenue of $64.6 million in the third quarter of 2017, an increase of 67 per cent from the same period in 2016.
November 8, 2017, 6 AM MST
Ensign Energy Services Inc. saw more demand for oilfield services in Q3 2017 with modest commodity price recovery compared to the third quarter of last year.
November 7, 2017, 8:36 AM MST
Xtreme Drilling Corp. is making progress with its plans to sell its lower capacity drilling rigs while upgrading and building new high-capacity rigs to target U.S. resource plays.
November 6, 2017, 8:49 AM MST
As demand for more fracking spreads increases in Western Canada in response to growing well counts, pressure pumping companies are struggling to find crews to man re-activated equipment, Trican Well Service Ltd. president and chief executive officer Dale Dusterhoft said in announcing Trican’s 2017 third quarter results.
November 3, 2017, 6 AM MDT
Pembina Pipeline Corporation achieved record revenue volumes in the third quarter of 2017 thanks to a full quarter of contribution from its Phase III pipeline expansion that was placed into service at the end of the second quarter of this year.
November 3, 2017, 7:54 AM MDT
As the industry is demanding greater efficiency, many service providers, including PHX Energy Services Corp., are developing technologies focused on remote operations and automating services.
November 3, 2017, 6:08 AM MDT
Horizon North Logistics Inc. is adjusting to a new pricing reality for its services in the Fort McMurray area, as the company’s large camp activity levels saw revenue per average available bed at $34 in the third quarter of this year, compared to $44 in Q3 2016.
November 3, 2017, 11:45 AM MDT
What a difference a year makes.
November 2, 2017, 10:02 AM MDT
Shippers will need to take on a greater share of the risk of new capital projects in an era of increased regulatory uncertainty, the head of Enbridge Inc. has warned.
November 2, 2017, 10:16 AM MDT
CWC Energy Services Corp. reported improved results for the third quarter with revenue, funds from operations rising, while the company narrowed its net loss.
November 2, 2017, 4:57 AM MDT
AKITA Drilling Ltd.’s net loss for the three months ended Sept. 30, 2017 was $3.81 million (21 cents per share basic and diluted) on revenue of $14.91 million compared to a net loss of $4.67 million (net loss of 26 cents per share basic and diluted) on revenue of $6.62 million for the corresponding period of 2016.
November 1, 2017, 7:51 AM MDT
Business is looking up with stronger fundamentals that include a rebound in the oil and gas industry in Western Canada, says the head of Mullen Group Ltd.
October 27, 2017, 7:17 AM MDT
A portion of the drilling rigs registered in Canada are unlikely to ever return to service, says the chief executive of Western Energy Services Corp., as they do not meet clients’ current specifications.
October 27, 2017, 3:46 AM MDT
Due partly to better cost efficiencies, Husky Energy Inc. has cut its capital spending guidance for 2017 to the $2.2-$2.3 billion range.
October 26, 2017, 11:56 AM MDT
Continuing with a trend established earlier this year, in its first and second quarters, Calfrac Well Services Ltd. announced a boost in capital spending Thursday, as it released its third quarter results, with signs that the pressure pumping business has recovered from a two to three year downturn.
October 26, 2017, 7:59 AM MDT
Kinder Morgan Canada Limited says the completion of its Trans Mountain expansion could be delayed by up to nine months unless it can find ways to maintain the current in-service schedule of Dec. 31, 2019.
October 19, 2017, 6 AM MDT