Although the red ink continued to flow for Trican Well Services Ltd. in the fourth quarter of 2019, as well as for the entire year, the specialized oilfield services company’s cost reduction and efficiency measures allowed it to show better results than in the previous year.
February 27, 2020, 9:50 AM MST
PHX Energy Services Corp. is expected to allocate the majority of its $30-million capital budget in 2020 to expand its high performance fleets in the United States.
February 26, 2020, 3:30 PM MST
Gibson Energy Inc. expects to begin construction on its diluent recovery unit (DRU) near its Hardisty rail facility over the next few months.
February 25, 2020, 11:13 AM MST
Secure Energy Services Inc. says its current growth capital plan for 2020 is $50 million and will be directed primarily at completing construction of the East Kaybob oil pipeline system and other small expansion projects.
February 25, 2020, 9:46 AM MST
Inter Pipeline Ltd. has spent $2.2 billion on the Heartland Petrochemical complex — including $1.2 billion in 2019 in what CEO Christian Bayle said was an ‘capital intensive’ year for the company.
February 24, 2020, 12 AM MST
Enerflex Ltd. saw lower year-over-year engineered systems bookings in Q4 and full-year 2019 due to producers generally keeping their capital spending within free cash flow, as well as constrained producer access to capital and uncertainty around global politics and trade dynamics. So far, 2020 seems a bit better, according to top brass.
February 21, 2020, 11:12 AM MST
Enbridge Inc. moved record volumes on the Canadian Mainline in 2019, including record volumes in December, as it delivered on its 100,000 bbls/d of planned optimizations on the Mainline system by the end of 2019.
February 14, 2020, 11:16 AM MST
Mullen Group Ltd. is not ruling out putting its energy services businesses on the market as it continues to evolve into a logistics-focused company.
February 14, 2020, 9:22 AM MST
Pulse Seismic Inc. doubled its database and opportunity sets with last year’s $53.6 million Seitel Canada Ltd. acquisition, says top brass, enabling the company to capitalize on a larger range of traditional data sales in 2019.
February 14, 2020, 10:39 AM MST
TC Energy Corporation today announced net income attributable to common shares of $1.11 billion ($1.18 per share) for the three months ended Dec. 31, 2019, up slightly from $1.09 billion ($1.19 per share) in the comparable quarter of 2018.
February 13, 2020, 10:59 AM MST
Precision Drilling Corporation reached a peak of 83 active rigs in Canada last month, which is up 34 per cent from the first quarter of 2019, says top brass. Currently the company has 80 Canadian rigs running, compared to 55 at the same point last year.
February 13, 2020, 9:26 AM MST
Calfrac Well Services Ltd. estimates, on a preliminary basis, that its full-year 2019 revenue will be $1.6-$1.65 billion, with a net loss before income taxes of $204-$209 million.
January 28, 2020, 10 AM MST
January 23, 2020, 7:49 AM MST
Shawcor Ltd. saw little improvement in the western Canadian market during the third quarter, with continuing depressed demand for the company’s products and services for that region.
November 18, 2019, 10:35 AM MST
Tidewater Midstream and Infrastructure Ltd. says it has decided to delay the expansion at Pipestone (Pipestone Plant 2) “until further notice” and plans to deploy “limited growth capital” in 2020 and focus on optimization and small capital projects with two to three year payouts.
November 14, 2019, 10:37 AM MST
High Arctic Energy Services Inc. generated eight per cent of its revenue in Q3 2019 from its operations in the U.S. — a region into which top brass could foresee continuing penetration and redeployment of Canadian rigs.
November 12, 2019, 8:05 AM MST
Chinook Energy Inc. has established a special committee consisting of three directors to review available strategic alternatives, the company said in its third quarter release.
November 11, 2019, 10:38 AM MST
Cathedral Energy Services Ltd. commercialized technologies such as its FUSION dual-telemetry, measurement-while-drilling tool in the third quarter, while at the same time experiencing activity level declines in the U.S. market.
November 11, 2019, 9:46 AM MST
STEP Energy Services Ltd. has managed to reduce its 2019 capital program to $44 million (down $20 million from the previous guidance) as the company optimizes maintenance spending, maintains a field-ready fleet, but also deals with ongoing uncertainty regarding near-term demand for services.
November 8, 2019, 7 AM MST
Total Energy Services Inc.’s third quarter financial results reflect just how difficult it is to make a buck in the business.
November 8, 2019, 11:01 AM MST
Tervita Corporation actually finds its level of opportunity for larger projects, perhaps counterintuitively, increases as companies continue to face macro-challenges in the energy sector.
November 8, 2019, 11:07 AM MST
Planned maintenance at NGL processing facilities and depressed frac-spread pricing drove a weaker third quarter for Inter Pipeline Ltd. as the company continues to build out projects designed to reduce its commodity price exposure.
November 8, 2019, 11:31 AM MST
Strad Inc. is poised to double its matting fleet ahead of schedule with the TMX expansion and Coastal GasLink projects simply “gravy” in a growing market.
November 8, 2019, 11:31 AM MST
Enerflex Ltd. says its solid third quarter results were backstopped by strong execution of projects included in its record backlog, higher service activity levels and the continued organic expansion of the contract compression fleet in the United States.
November 8, 2019, 10:41 AM MST
Essential Energy Services Ltd. reported third quarter revenue of $39.27 million, down from $50.63 million in the same period in 2018 due to low activity in the Western Canadian Sedimentary Basin.
November 7, 2019, 6:45 PM MST
Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.