January 10, 2022, 10:35 AM MST
What cultural challenges are impacting energy companies in their responses to the energy transition, and what are possible solutions? Young professionals recently offered some possible answers to these questions following an eight-week virtual program aimed at creating culture and inclusion solutions in the energy industry.
December 7, 2021, 7:21 AM MST
Although Peyto Exploration & Development Corp. built in a 15 per cent provision for inflationary costs in its preliminary 2022 capital budget, company officials say it’s too early to get a truly accurate read on where costs for services and supplies may go.
November 11, 2021, 9:17 AM MST
While specifics of the 2022 budget are still being finalized, Peyto Exploration & Development Corp. is currently contemplating a 2022 capital program of $350-$400 million, inclusive of a 15 per cent provision for cost inflation.
November 10, 2021, 11:02 AM MST
MEG Energy Corp. says it continues to monitor some inflationary pressures on supplies, services and labour and has taken steps to mitigate the impact on its operations.
November 9, 2021, 3:42 PM MST
Ensign Energy Services Inc. is pushing its Canadian clients to keep drilling programs running through Christmas this year, as the company expects to be operating around 50 rigs by year-end 2021, peaking at 60 in the new year, and management wants to hang onto its crews through this period of increasing activity.
November 8, 2021, 3:51 PM MST
STEP Energy Services Ltd. generated revenue of $133.2 million in the third quarter of 2021 (Q3 2020 - $62.4 million, Q2 2021 - $107 million), which is STEP’s strongest quarter since the start of the COVID-19 pandemic in early 2020.
November 4, 2021, 4:53 AM MDT
Essential Energy Services Ltd.’s revenue for Q3 was $33.5 million, $14.3 million higher than the same prior year quarter due to higher activity as a result of improved industry activity.
November 4, 2021, 5:07 AM MDT
North American Construction Group Ltd. conducted “major fleet remobilization” between mine sites in its oilsands operations during this year’s third quarter, reflecting recent “project wins” for the company.
October 29, 2021, 8:49 AM MDT
CWC Energy Services Corp. reported a strong start to Q4 2021 with both the number of drilling rigs and service rigs back to the peak activity levels experienced this past winter in Q1 2021.
October 29, 2021, 8:31 AM MDT
Trican Well Service Ltd. “took the lead in the pressure-pumping space” on Oct. 15 by implementing either mandatory vaccinations for its staff, or requiring regular testing at a worker’s expense, says the chief executive.
October 27, 2021, 3:42 PM MDT
LNG has the potential to provide substantial employment within the energy sector, including for Indigenous communities, says Jeffrey Tonken, president and chief executive officer of Birchcliff Energy Ltd.
October 26, 2021, 12 AM MDT
In recent years the shelf life of ‘hard skills’ has fallen from about 30 years to six, meaning that any technical skills learned in school must be updated every few years, says Jackie Rafter, founder and president of Higher Landing Inc.
October 25, 2021, 12 AM MDT
Precision Drilling Corporation says that as industry activity continues to rebound, labour and materials costs are expected to rise, but the company feels that it has a good handle on containing cost inflation.
October 25, 2021, 6:35 AM MDT
October 25, 2021, 12 AM MDT
October 25, 2021, 3:14 PM MDT
October 20, 2021, 12 AM MDT
For hundreds of thousands of Canadians, the transition towards a low-carbon economy is set to be incredibly difficult. The transition is predicted to result in a loss of between 312,000 and 450,000 jobs among workers employed by or providing support to the oil and gas sector and its supply chain.
October 18, 2021, 6 AM MDT
October 13, 2021, 11:49 AM MDT
Enbridge Inc. says its efforts on the ‘S’ in the company’s environmental, social and governance (ESG) practices is bearing fruit and continues to evolve and that its business “must be supported by relationships built on mutual respect and trust and established at the community level.”
October 5, 2021, 6 AM MDT
Despite tremendous potential to produce many high demand minerals and metals, Canada is at risk of missing the opportunity to lead in their production, to stimulate its own economy and to hasten its decarbonization, according to a mining industry executive.
September 29, 2021, 7:35 AM MDT
A skilled labour shortage is a key challenge currently facing Canada’s energy sector, say industry representatives speaking at this week’s GeoConvention.
September 16, 2021, 12 AM MDT
Increased well closure activity due to the Site Rehabilitation Program (SRP) and other financial incentives helps create and sustain thousands of jobs across the province, while also contributing to responsible resource development, says a newly-released PetroLMI report, which also suggests the SRP is contributing to OFS worker shortages.
September 10, 2021, 3:58 PM MDT
September 1, 2021, 10:49 AM MDT
The Canada Emergency Wage Subsidy (CEWS) continued to provide COVID-19 support for oilfield services companies during this year’s second quarter.
August 27, 2021, 6 AM MDT