Drilling and service-rig companies need more qualified workers to meet producer demands, but there isn’t enough margin or stability in the industry to lure people back.
November 22, 2017, 9:53 AM MST
While low oil and gas prices are obviously depressing activity levels in Western Canada, regulatory uncertainty is also a major culprit, says a spokesman for drilling and service rig companies.
November 22, 2017, 3:46 AM MST
While oil and gas producers are doing more work with less money, service companies who have deployed expensive state-of-the-art equipment are unable to earn a reasonable return on their investment, reporters heard on Tuesday.
November 22, 2017, 11:07 AM MST
Despite legislative denial for the preferred route of TransCanada Corporation’s proposed Keystone XL pipeline, Alberta Premier Rachel Notley remains confident that the project will move forward.
November 22, 2017, 11:49 AM MST
Drilling rig activity in Western Canada and the Top 5 active operators as of Nov. 22, 2017, as reported this morning by Rig Locator.
November 22, 2017, 11:32 AM MST
According to new data in CanOils’s latest M&A review for October 2017, M&A deals involving Cenovus Energy Inc. as either the acquirer or selling party have accounted for half of all upstream deal activity in Canada between January and October.
November 22, 2017, 8:03 AM MST
In Northern Québec, according to Qarjuit Youth Council vice-president Olivia Ikey, resource development simply is not a priority given the region’s more pressing issues for young Indigenous Canadians — issues that often deter youth from attaining education and careers.
November 22, 2017, 3:53 AM MST
Well-informed people in a modern society need to seek out expert knowledge, ask questions, think critically, and apply common sense in understanding complex issues.
November 22, 2017, 7:56 AM MST
The Canadian natural resources industry is undergoing enormous change. Volatile energy prices — the reality of US 55 per barrel — reduced production reliability, uncertain market access, the government’s climate change agenda, tightening environmental policy, safety, and compliance concerns along with increasing social drivers, such as social license to operate, all have resulted in industry upheaval.
November 22, 2017, 6 AM MST
Suncor Energy Inc. is requesting that the Alberta Energy Regulatory (AER) extend the confidentiality period for its test of a warm solvent in situ oilsands technology as the company prepares for a second field pilot.
November 22, 2017, 11:54 AM MST
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Canada's LNG export industry recently reached a milestone with the departure of its first shipment to China in a pilot project to determine long-term feasibility.
November 22, 2017, 11:58 AM MST
MATRRIX Energy Technologies Inc. has completed its previously announced acquisition of Stampede Drilling Ltd.
November 22, 2017, 4:02 AM MST
SNC-Lavalin has been awarded the fabrication and supply of modular gas processing equipment for Producers Midstream LP (PMLP).
November 22, 2017, 10:21 AM MST
Precision Drilling Corporation announced today the early results of its previously announced cash tender offers for any and all of its outstanding 6.625 per cent senior notes due 2020and up to US$70 million of its outstanding 6.500 per cent senior notes due 2021.
November 22, 2017, 10:28 AM MST
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