Canada’s integrated oil companies are seeing promising signs of recovering demand both upstream and downstream as they begin to bring production back online, an investor energy conference heard Tuesday.
July 8, 2020, 6 AM MDT
Integrated oil companies that sharply reduced their capital budgets in response to the COVID-19 pandemic say they will continue to focus on their balance sheets for the rest of this year although some say spending could rise next year.
July 8, 2020, 7:08 AM MDT
Tourmaline Oil Corp.’s president and CEO made it very clear on Tuesday during a webcast conference that natural gas holds out much more hope for his company in the near future than crude, a point echoed by other executives at the event.
July 8, 2020, 12 AM MDT
What “no one is talking about” are the high decline rates associated with many wells drilled in the recent years that oil and gas producers must contend with in the relatively near future, says top brass at Secure Energy Services Inc.
July 8, 2020, 10:25 AM MDT
The federal government’s $1.7 billion program to clean up orphan and inactive wells in Alberta, Saskatchewan and B.C. remains a reason for optimism within the oilfield services space, heard this week’s TD Securities Inc. Virtual Energy Conference, although the money is taking some time to reach the companies that need it.
July 8, 2020, 10:43 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of July 8, 2020, as reported this morning by Rig Locator.
July 8, 2020, 11:37 AM MDT
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