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
Precision Drilling Corporation this morning reported revenue of $236 million for the first three months of 2021, a decrease of 38 per cent compared with the first quarter of 2020.
April 22, 2021, 6:14 AM MDT
The oilfield services industry outlook and customer sentiment has improved in recent months, says Precision Drilling Corporation, which is largely due to vaccine announcements, the reopening of economies and steadily increasing commodity prices.
April 22, 2021, 6:33 AM MDT
April 22, 2021, 7:46 AM MDT
April 21, 2021, 11:07 AM MDT
Inter Pipeline Ltd. will report first quarter 2021 operating and financial results under a new business structure to align with how it manages budgets and commercially operates its business.
April 8, 2021, 6:58 AM MDT
As with previous financial reporting periods since the federal government implemented the program in response to the COVID-19 downturn, oilfield services companies sung the praises of Canada’s Emergency Wage Subsidy (CEWS) during recent calls with the investment community to discuss their fourth quarter 2020 results.
March 16, 2021, 6:34 AM MDT
High Arctic Energy Services Inc. demonstrated resilience and leadership in its mitigating the extremely difficult year that was 2020, says top brass, characterized by tremendous oil-price instability and record low customer demand. These actions bode well for the company as industry conditions improve.
March 16, 2021, 6:50 AM MDT
CES Energy Solutions Corp. believes that, coming out of the COVID-19 downturn, it can continue to grow its share of the oilfield consumable chemical markets in which it competes.
March 15, 2021, 2:30 PM MDT
Total Energy Services Inc. is increasing its 2020 capital budget by $4.5 million to $13.6 million, plus $1.1 million in spending commitments carried forward from 2020, as the company pursues investments that make economic sense, as well as continuing to prioritize debt repayment.
March 12, 2021, 11:07 AM MST
Tidewater Midstream and Infrastructure Ltd.’s focus over the next 12 months is to employ the related cash flow generated from its 2019 large, completed capital projects and Prince George Refinery (PGR), as well as proceeds from the Pioneer transaction, towards deleveraging.
March 12, 2021, 12 AM MST