Precision Drilling Corporation expects the federally-funded $1.7 billion well abandonment and site rehabilitation program to support the well-services business quite nicely but top executives are concerned the funding does little to support the drilling side of oilfield services – a segment experiencing record lows.
May 1, 2020, 6:17 AM MDT
Being the largest service rig company in Canada, CWC Energy Services Corp. said it will be a net beneficiary of the $1.7 billion funding package to the governments of Alberta, Saskatchewan, British Columbia and the Alberta Orphan Well Association (OWA) for well decommissioning and reclamation of abandoned and inactive wells.
May 1, 2020, 6:43 AM MDT
The second annual Energy Excellence Awards (EEAs) program, presented by the Daily Oil Bulletin, uniquely recognizes energy excellence and focuses on the advancement of collaboration within Canada’s energy industry. Today, we feature the best in Innovation and Technology Excellence in the subcategory of Production.
May 1, 2020, 6 AM MDT
Should industry conditions near the end of Q1 2020 persist for an extended period, Imperial Oil Limited expects reduced earnings and cash generation from operations compared to previous periods, due to lower realized prices on its products. However, the company is working to mitigate COVID-19 and industry downturn impacts.
May 1, 2020, 8:56 AM MDT
TC Energy Corporation posted first quarter 2020 net income attributable to common shares of $1.15 billion ($1.22 per share), up from $1 billion ($1.09 per share) in the same period in 2019.
May 1, 2020, 9:36 AM MDT
As with other key industry benchmarks like capital spending and licensing, rig activity in Western Canada started the year on a promising note, but COVID-19 and the global price war have conspired to drag down Canadian activity.
May 1, 2020, 9:58 AM MDT
Pacific Northern Gas Ltd. (PNG) is pleased to announce that it is holding an open season auction in which PNG is seeking binding bids from parties who require transportation service using reactivated capacity on PNG’s existing West Transmission system for natural gas deliveries from Station 4a on the Enbridge Westcoast Energy Inc.
May 1, 2020, 6 AM MDT
Declines in capital investment in Canada’s oil and gas industry, combined with technological changes, have had a negative impact on the oil and gas supply chain since the oil price collapse in late 2014.
May 1, 2020, 6 AM MDT
Colombia’s knack for innovation and cultivating a stable, positive relationship with its E&P industry at large have been key factors for the nations success in attracting foreign investment.
May 1, 2020, 6 AM MDT
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May 1, 2020, 11:05 AM MDT
Highwood Oil Company Ltd. received notice from the Alberta Energy Regulator (AER) that the Red Earth licence transfer application has been rejected.
May 1, 2020, 6 PM MDT
May 1, 2020, 8:22 AM MDT
Gain fresh insight into contract pricing and changing E&P oil and gas hedging trends in this insightful 30-minute webinar from Evaluate Energy analysts. This will include estimates of the financial impact hedging will have on upstream industry earnings.
May 1, 2020, 6 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of May 1, 2020, as reported this morning by Rig Locator.
May 1, 2020, 11:26 AM MDT
The U.S. rig count is down 57 rigs from last week to 408 with oil rigs down 53 to 325, gas rigs down four to 81 and miscellaneous rigs unchanged at two, according to Baker Hughes.
May 1, 2020, 11:10 AM MDT
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