Typical of the industry, demand for Canyon Services Group Inc.’s services “far outweighs” its ability to supply crews as commodity prices improve and producers are putting them back to work, a conference call heard this morning.
March 3, 2017, 11:39 AM MST
Cathedral Energy Services Ltd. says the “dramatic” improvement in its business prospects which began in the fourth quarter of 2016 has led to another difficult challenge—finding enough skilled labour to meet the increased demand for the company’s services.
March 3, 2017, 9:24 AM MST
According to Rig Locator, 49 per cent of the Canadian drilling fleet was active Friday morning, with 316 rigs at work out of a fleet of 642.
March 3, 2017, 11:48 AM MST
While the U.S. energy technology market is large and potentially lucrative, offering a faster-paced, less risk-averse environment for early adoption of Canadian solutions in the energy space, companies considering a move into the U.S. would be wise to recognize and prepare for an American industry that is in many ways quite different than Canada’s.
March 3, 2017, 6 AM MST
Plans by the Trump administration to roll back climate change initiatives in the United States offer a tremendous opportunity for Canada if governments stay the course on climate change initiatives, industry members of a panel on clean hydrocarbon technologies agreed Thursday.
March 3, 2017, 3:54 AM MST
Total combined mined and in situ bitumen production is estimated to have decreased by three per cent in 2016 from 2015, settling at 2.451 million bbls per day, the Alberta Energy Regulator (AER) noted in a recent outlook.
March 3, 2017, 9:46 AM MST
One of the greatest challenges in geomechanics and petroleum engineering is the effective hydraulic stimulation of unconventional oil and gas reservoirs.
March 3, 2017, 6 AM MST
In its throne speech on Thursday afternoon, the Alberta government said it’s “working with Ottawa to create good oilfield service industry jobs” and make sure more orphaned wells, those no longer under the care of a company, are safely closed and reclaimed.
March 3, 2017, 6 AM MST
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Annual production for Crew Energy Inc. averaged 22,844 boe per day, an increase of 23 per cent over 2015, reflecting ongoing growth in Montney production with capital spending that was 30 per cent lower than the prior year.
March 3, 2017, 6 AM MST
Montney producer Storm Resources Ltd. grew production by 25 per cent in 2016 while posting lower funds flow and a higher net loss which included an unrealized hedging loss of $13.9 million in the fourth quarter.
March 3, 2017, 10:43 AM MST
Advantage Oil & Gas Ltd. currently has 13 completed, standing wells that are expected to provide sufficient field production capability to increase annual production by 16 per cent to its 2017 production target of 236 mmcf equivalent per day (39,337 boe per day).
March 3, 2017, 8:15 AM MST
Bonavista Energy Corporation’s production for the fourth quarter averaged 69,339 boe per day, an eight per cent increase over third quarter production, but down 13 per cent from the same period of 2015.
March 3, 2017, 7:51 AM MST
Including drilling associated with acquisitions, 281 (13.9 net) wells were drilled on Freehold Royalties Ltd.’s royalty lands in 2016, a 25 per cent decrease versus 2015.
March 3, 2017, 6 AM MST
Effective March 1, Trident Exploration Corp. has appointed its chief operating officer, chief financial officer and vice-president, land.
March 3, 2017, 6 AM MST
Tervita Corporation announced that Grant Billing (chairman of the board of directors) will take on the additional role of interim CEO until a replacement for the position is found.
March 3, 2017, 6 AM MST
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March 3, 2017, 10:01 AM MST
(Bloomberg) — The pay of bosses at Europe’s biggest oil companies is back in focus as shareholders prepare to scrutinize BP plc’s new policy after rejecting chief executive officer Bob Dudley’s remuneration last year.
March 3, 2017, 6 AM MST
Journey Energy Inc.’s strategic financing partner, Alberta Investment Management Corporation (AIMCo), has exercised the warrants they were issued in the October 2016 private placement.
March 3, 2017, 3:34 AM MST
AltaGas Ltd. has closed the $118 million subscription receipt over-allotment option.
March 3, 2017, 6:39 AM MST
Junex Inc. has appointed Jean-Yves Lavoie as its president and chief executive officer.
March 3, 2017, 10:04 AM MST
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