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
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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
While the service sector appears to be on the verge of an up-cycle, a growing labour shortage is problematic, not to mention expensive, according to Bob Geddes, president and chief operating officer at Ensign Energy Services Inc.
August 25, 2021, 7:51 AM MDT
CES Energy Solutions Corp. needs to see price increases so the company can pay experienced workers who have left the industry enough money to convince them to return.
August 16, 2021, 12 AM MDT
Total Energy Services Inc. is pushing for pricing increases with its customers as industry conditions improve, according to management, especially since pricing during COVID-19 has been unsustainable — which most customers understand.
August 12, 2021, 2:34 PM MDT
Pason System Inc.’s Q2 2021 results reflect strong competitive positioning, a prudent balance sheet, and operating leverage as industry conditions continued to improve from the depths of the COVID-19 downturn, says management.
August 11, 2021, 11:12 AM MDT
With Canadian operators seeing vastly increased cash flows due from the commodity price rebound in early 2021 capital investment in new wells is slowly picking up, says Trican Well Service Ltd. president and chief executive Brad Fedora.
July 28, 2021, 1:17 PM MDT
Precision Drilling Corporation employee recruitment and training practices represent a competitive advantage for the company coming out of the downturn, ensuring a sustained, strong market position, says top brass.
July 23, 2021, 7:27 AM MDT
Precision Drilling Corporation’s Q3 total drilling days likely will exceed the Q1 winter drilling season, says the chief executive, and there is the potential for more rig activations in Q4 as customers prepare for a busier 2022.
July 22, 2021, 2:46 PM MDT
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