While economic activity has improved substantially from the historic lows experienced early in the second quarter, the ongoing effects of the COVID-19 pandemic have resulted in unprecedented impacts across society and industry, and Imperial Oil Limited responded accordingly, says CEO Brad Corson.
July 31, 2020, 11:44 AM MDT
The effect of COVID-19 and the current business environment on supply and demand patterns negatively impacted Imperial Oil Limited’s second quarter financial and operating results.
July 31, 2020, 10:43 AM MDT
Rig activity was up in July compared to the anemic spring. While there continues to be a chasm between drilling levels in 2020 and the previous two years, there are a few bright spots of activity in the basin.
July 31, 2020, 9:08 AM MDT
Trican Well Service Ltd. improved on its net loss in Q2 2020 despite a revenue decline, mostly due to cost-reduction strategies made late in Q1, efficiency improvements made through the last several quarters as part of a business-optimization program, as well as government assistance programs relating to the ongoing pandemic.
July 31, 2020, 10:53 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of July 31, 2020, as reported this morning by Rig Locator.
July 31, 2020, 11:11 AM MDT
The U.S. rig count is unchanged from last week at 251 with oil rigs down one to 180, gas rigs up one to 69, and miscellaneous rigs unchanged at two.
July 31, 2020, 11:07 AM MDT
The impact of COVID-19 is dramatic and far-reaching. It has changed everything from how we function in our daily lives to the health of the global economy. It’s no surprise, then, that the pandemic is affecting Canada’s oil and gas industry.
July 31, 2020, 6 AM MDT
PLEASE BE ADVISED that this Notice is being published pursuant to a pledge agreement dated December 21, 2016 (the “Original Pledge Agreement”), executed by HARVEST INTERNATIONAL NEW ENERGY CO., LTD. in favour of THE EXPORT-IMPORT BANK OF CHINA (the “Secured Party”), as amended and restated by the amended and restated pledge agreement dated September 12, 2018 (together with the Original Pledge Agreement, the “Pledge Agreement”).
July 31, 2020, 6 AM MDT
The Daily Oil Bulletin will be closed on Aug. 3 due to the civic holiday and will not publish on that date. We will resume publishing on Tuesday, Aug. 4.
July 31, 2020, 12 AM MDT
Evaluate Energy has boosted its coverage of global upstream hedging heading into the Q2 2020 reporting season for oil and gas producers.
July 31, 2020, 6 AM MDT
ARC Resources Ltd. is targeting a capital budget of $300 million for 2020 and plans to deploy the majority of the remaining capital to natural gas development activities at Dawson and Sunrise.
July 31, 2020, 12 AM MDT
With changing circumstances, Chris Slubicki, Theresa B.Y. Jang and Mary Hemmingsen have chosen not to stand for re-election and will be stepping down from Bonavista Energy Corporation’s board, effective as of Thursday.
July 31, 2020, 4:48 AM MDT
Evaluate Energy Documents is a new way to surface oil and gas company information buried inside thousands of documents.
July 31, 2020, 6 AM MDT
CWC Energy Services Corp. continues to pursue cash saving initiatives to preserve cash resources and maintain balance sheet strength, as well as retain key employees, as the duration of negative impacts due to COVID-19 remain uncertain, says the company in its second quarter release.
July 31, 2020, 7:31 AM MDT
Sand volumes for Source Energy Services Ltd. declined in Q2 to 122,375 metric tonnes (MT) from 504,907 MT the previous year.
July 31, 2020, 5:01 AM MDT
July 31, 2020, 9:40 AM MDT
July 31, 2020, 9:47 AM MDT
The Invest Alberta Corporation (IAC), created under the Alberta Investment Attraction Act, comes into effect on July 31, and on Thursday, the government announced its board.
July 31, 2020, 10:10 AM MDT
Hillcrest Petroleum Ltd. will increase its working interest percentage in the West Hazel field to 100 per cent by acquiring the remaining working interest its joint venture partner.
July 31, 2020, 9:55 AM MDT
July 31, 2020, 11:04 AM MDT
July 31, 2020, 11 AM MDT
July 31, 2020, 9:30 AM MDT
July 31, 2020, 12 AM MDT
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