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
STEP Energy Services Ltd. is pleased with the results achieved through its conservative approach in Q2 2019, as clients stayed disciplined on their capital spending through the quarter and appear to be remaining disciplined for now.
August 8, 2019, 11:23 AM MDT
Essential Energy Services Ltd. is adding another long-reach conventional coil tubing rig to its fleet based on anticipated demand from its customers.
August 8, 2019, 2:11 PM MDT
Ensign Energy Services Inc. has successfully completed tests of its new “hybrid rig technology” — powered by natural gas generators and a battery energy storage system (BESS) — on a U.S. drilling rig.
August 7, 2019, 12 AM MDT
Buoyed by an increase of 142 per cent in liquids output to 2,580 bbls/d, Advantage Oil & Gas Ltd. generated adjusted funds flow of 32.77 million in the second quarter of 2019, up from $23.16 million in the comparable 2018 period.
August 7, 2019, 12 AM MDT
Shippers on the Enbridge Inc. Mainline who have faced apportionment for a number of years will benefit from approximately 85,000 bbls/d of additional throughput from Western Canada late this year, says the company.
August 2, 2019, 11:27 AM MDT
Despite limited insight into producer intentions and an oversupply of fracturing spreads in North America, Calfrac Well Services Ltd. president and COO Lindsay Link expects the remainder of 2019 to be busier than the first half of the year.
August 2, 2019, 6 AM MDT
With construction underway on its propane export terminal at Prince Rupert, Pembina Pipeline Corporation is talking to its customers about a fractionator in northeast British Columbia, a company official said Thursday.
August 2, 2019, 12 AM MDT
Tervita Corporation says its growth and expansion projects are largely focused in its Energy Services segment to grow the company’s ability to meet customer demands in the Montney and Duvernay regions of Alberta and British Columbia.
August 2, 2019, 9:34 AM MDT
Strad Inc. is increasing full-year 2019 capital budget to $35 million, which is up from a previously-announced $26 million, with about half deployed in the U.S., as the company continues developing its industrial matting business.
August 2, 2019, 10:17 AM MDT
It was a tough second quarter of 2019 for frack sand and proppant provider Source Energy Services Ltd., with a fatal accident at one of its key terminals and weather that hampered its customers’ activities, leading to a significant decline in sand volume and revenue compared to the same quarter last year.
August 2, 2019, 8:34 AM MDT
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