The active rate has been rising gradually since the dregs of summer, but while it inched up to average 18 per cent during the final week of October (see graph), it’s still roughly 10 points behind last year, and trailing 2018 by 20 points, according to Rig Locator.
November 2, 2020, 9:55 AM MST
Despite health-related setbacks caused by the COVID-19 pandemic and a slowdown in LNG demand, construction continues on Canada’s first mega LNG project being built on the B.C. coast.
November 2, 2020, 6 AM MST
An LNG export project planned for Port Saguenay, Que., appears to be moving ahead, despite recent setbacks.
November 2, 2020, 9:20 AM MST
The Saskatchewan government’s October land sale generated $760,849 in revenue for the province, an average of $120.21/ha.
November 2, 2020, 6:41 AM MST
The Alberta government will use up to $280 million from the Technology Innovation and Emissions Reduction (TIER) system and the federal Low Carbon Economy Leadership Fund (LCELF) to fund three Emissions Reduction Alberta (ERA) programs to support around 5,000 jobs and cut the equivalent of about four million cars in emissions.
November 2, 2020, 4:24 PM MST
Drilling rig activity in Western Canada and the Top 10 active operators as of Nov. 2, 2020, as reported this morning by Rig Locator.
November 2, 2020, 11:39 AM MST
Automation and AI together can augment your core strengths, supplement your weaknesses and empower your people to focus on what is important. Plus, automation can provide immediate ROI including short term payback on costs.
November 2, 2020, 6:39 AM MST
The Canada Energy Regulator (CER) has issued an inspection officer order to Trans Mountain regarding the use of trench boxes and contractor oversight in relation to an Oct. 27, 2020 worker fatality at a worksite near Edmonton.
November 2, 2020, 12 AM MST
PTTEP Canada Limited (PTTEPCA), Thailand’s national petroleum company, has applied to the Alberta Energy Regulator (AER) for an amendment that would rescind the 2018 approval for its Mariana Thornbury SAGD project in the Athabasca oilsands.
November 2, 2020, 2:33 PM MST
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November 2, 2020, 11:08 AM MST
AKITA Drilling Ltd. saw a 55-per-cent drop in operating days decreased (to 531) for Q3 2020 when compared to Q3 2019, which had a corresponding impact on financial results.
November 2, 2020, 4:35 PM MST
Journey Energy Inc. announced asset sales this afternoon, which includes unloading its newly commissioned 4.2-megawatt power project in the Countess area.
November 2, 2020, 2:12 PM MST
The federal government announced $100 million from the Low Carbon Economy Leadership Fund to support initiatives in Alberta aimed at growing the clean economy.
November 2, 2020, 2:03 PM MST
InPlay Oil Corp. recently closed a strategic Cardium asset acquisition in its Pembina area of operations for $1.9 million (net of adjustments).
November 2, 2020, 6:25 AM MST
Secure Energy Services Inc. anticipates a modest increase in drilling and completion activity in Q4 of 2020 and into 2021 as customers add production to offset natural declines and maintain flat production levels to hold cash flow levels, satisfy reserve-based lending commitments, and take advantage of hedge contracts.
November 2, 2020, 10:16 AM MST
Calfrac Well Services Ltd. has obtained a final order from the Court of Queen’s Bench of Alberta approving its plan of arrangement under the Canada Business Corporations Act.
November 2, 2020, 6 AM MST
Geoff Jones has resigned effective Oct. 31, 2020 as CFO of Saturn Oil & Gas Inc. to pursue other interests.
November 2, 2020, 12 AM MST
Highwood Oil Company Ltd. announced amendments to its reserve-based credit facility.
November 2, 2020, 4:31 PM MST
Cardinal Energy Ltd. has received approval to extend the revolving period applicable to the company's existing reserves-based credit facility to Nov. 30, 2020.
November 2, 2020, 6 AM MST
Journey Energy Inc. closed an agreement to settle its syndicated bank borrowings.
November 2, 2020, 12 AM MST
Dennis Sharp. is retiring as chairperson of Wolverine Energy and Infrastructure Inc.’s board of directors for personal reasons, the company said.
November 2, 2020, 12 AM MST
The revolving credit period on Perpetual Energy Inc.’s credit facility has been extended to Nov. 30, 2020 and the $20 million borrowing limit has been maintained.
November 2, 2020, 6:28 AM MST
Bonterra Energy Corp. has received approval from its syndicate of lenders for the Export Development Canada (EDC) and Business Development Bank of Canada (BDC) programs and to extend the revolving period applicable to its credit facility to Nov. 13, 2020 from Oct. 30.
November 2, 2020, 6:34 AM MST
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