While natural gas producers likely will see stronger prices in 2021, the next few months will continue to be challenging as the global glut of gas continues to weigh down prices in the wake of reduced COVID demand, analysts are predicting.
June 25, 2020, 7:36 AM MDT
The development of the new LNG plants in Canada that appear most likely to proceed could create up to 8,300 jobs in the upstream sector, several thousand peak construction jobs, 1,200 or more operations positions and thousands of spin-off jobs in local communities, according to a new report.
June 25, 2020, 7:55 AM MDT
Crescent Point Energy Corp.’s 2020 Sustainability Report highlights several progressive measures on the environmental, social and governance (ESG) front, including adoption of an operational technology platform that minimizes the risk of spills, reduces fleet emissions, and decreases vehicular collision risk.
June 25, 2020, 7:06 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of June 25, 2020, as reported this morning by Rig Locator.
June 25, 2020, 11:31 AM MDT
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The involvement of Indigenous monitors from the Indigenous advisory and monitoring committee (IAMC) for the Trans Mountain expansion project was valuable during the recent oil spill on the Trans Mountain LLC pipeline in Abbotsford, British Columbia, says the regulator.
June 25, 2020, 11:37 AM MDT
Calgary, AB - Free Rein Resources Ltd. (“Free Rein”), a private oil and gas exploration company with operations in Central Alberta, announces the completion of the Joint Venture Partnership with Nucor Environmental Service Ltd. (“NES”) to construct a water disposal site located between Devon and Spruce Grove in Alberta.
June 25, 2020, 6:42 AM MDT
In accordance with a Court Order dated June 9, 2020, MNP Ltd., in its capacity as the Proposal Trustee under the Notice of Intention to make a Proposal pursuant to the Bankruptcy Act regarding TCSI is conducting the sale and investment solicitation process (“SISP”) relating to the business and/or assets of the TSCI’s oilfield completion and downhole tool assets and intellectual property.
June 25, 2020, 6 AM MDT
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Commercializing its RapidFire MWD platform remains a key initiative for Cathedral Energy Services Ltd. in 2020, management says, although reduced drilling activity negatively impacts testing and commercial deployment.
June 25, 2020, 8:28 AM MDT
Calfrac Well Services Ltd. posted a loss of $122.86 million in the first quarter of 2020 as revenue fell 36 per cent to $305.52 million from $475.01 million amid a slowdown in the global economy from COVID-19 and the effects of the price war on the oil industry.
June 25, 2020, 11:22 AM MDT
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