The coronavirus/price war impact on Canadian oil and gas capital expenditures continues to escalate.
March 17, 2020, 11:01 AM MDT
Oilpatch companies are taking aggressive steps to address their ‘number one priority’ of protecting employees in the office and in the field from the spread of COVID-19 by implementing work-at-home plans and reducing sites to essential personnel only.
March 17, 2020, 1:50 PM MDT
Oilfield service companies must take good care to withstand 2020 given coronavirus pandemic-led oil demand destruction and the latest oil-price war between the Russians and Saudi Arabians, says Audun Martinsen, head of oilfield service research at Rystad Energy AS.
March 17, 2020, 6:50 AM MDT
With increasingly stringent public health measures across the country to combat COVID-19, Canadians are understandably less focused on energy and environment than usual. But the precipitous drop in global oil prices and the collapse in Canadian energy stocks underscore the tight link between energy and global circumstances.
March 17, 2020, 10:05 AM MDT
Haisla Nation Chief Councillor Crystal Smith is proud to support LNG development in B.C. and says projects like LNG Canada’s gas terminal are giving her people a chance to escape poverty and have hope for the future.
March 17, 2020, 11:41 AM MDT
The B.C. government has postponed its March land sale.
March 17, 2020, 12 AM MDT
TheNewswire has cut its Full North American Distribution rate for Oil & Gas Issuers to just $150 per press release – unlimited words and pages.
March 17, 2020, 7:13 AM MDT
Effective steam injection is a key component of steam-assisted gravity drainage (SAGD) development. When deploying outflow control devices (OCDs) as part of SAGD operations, steam injection effectiveness can be measured in operation time, number of on-site personnel required during operations and confirmation of OCDs shifting open — all three areas improved by the introduction of a new ball-activated OCD during field trials in Alberta’s oil sands.
March 17, 2020, 6 AM MDT
In these highly uncertain times, it is vital to quickly identify the producers around the world that are best protected against new and abrupt market changes.
March 17, 2020, 7:01 AM MDT
Latest hedging data from CanOils shows that among Canada’s largest oil producing companies, it is actually a number of gas-heavy companies that have protected their oil production against the falling oil price the best heading into Q2 2020.
March 17, 2020, 6 AM MDT
Whitecap Resources Inc. has reduced its capital spending to $200 - $210 million from $350 - $370 million previously, a reduction of $160 million or 44 per cent.
March 17, 2020, 2:53 PM MDT
As one of the world’s largest publicly traded engineering, procurement, construction (EPC) and maintenance companies, Fluor designs, builds, and maintains capital-efficient facilities for clients on six continents and delivers comprehensive solutions across a broad spectrum of industries including energy and chemicals, government, advanced technologies and life sciences, infrastructure and power, mining and metals, and operations and maintenance.
March 17, 2020, 6 AM MDT
Kelt Exploration Ltd. has reduced its capital expenditure budget by $80 million to $145 million.
March 17, 2020, 4:17 PM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of March 17, 2020, as reported this morning by Rig Locator.
March 17, 2020, 11:41 AM MDT
Judy Cotte was named to Gibson Energy Inc.’s board of directors.
March 17, 2020, 2:37 PM MDT
The United States market accounted for 71 per cent of record revenue of $1.28 billion in 2019, up from $1.27 billion in 2018, for CES Energy Solutions Corp. whose U.S. drilling fluids division successfully grew market share and maintained significant cash flow generation.
March 17, 2020, 2:18 PM MDT
March 17, 2020, 11:02 AM MDT
Cardinal Energy Ltd.’s original budget called for capital spending of $67 million with $27 million to be spent in Q1.
March 17, 2020, 4:42 PM MDT
TORC Oil & Gas Ltd. is reducing its monthly dividend from $0.025 per month to $0.005 per month.
March 17, 2020, 12 AM MDT
The Supreme Court of Canada has rescheduled two appeals into the constitutionality of the federal government’s Greenhouse Gas Pollution Pricing Act (carbon tax) in which the province of Alberta is to be an intervenor.
March 17, 2020, 10:43 AM MDT
March 17, 2020, 2:56 PM MDT
Tervita Corporation announced the termination of the automatic share purchase plan which was entered on May 21, 2019 to facilitate the repurchase of its common shares under the TSX-approved normal course issuer bid (NCIB).
March 17, 2020, 12 AM MDT
March 17, 2020, 8:06 AM MDT
March 17, 2020, 7:56 AM MDT
March 17, 2020, 7:51 AM MDT