Having largely combined operations with Seven Generations Energy Ltd. to become Canada’s largest pure-play Montney producer and sixth biggest upstream oil and gas company, ARC Resources Ltd. plans to begin development of Attachie West Phase 1 later this year.
May 28, 2021, 8:22 AM MDT
Technology improvements continued to be an important differentiator for oilfield services companies during this year’s first quarter, including through continued investing in automation and digitization.
May 28, 2021, 6 AM MDT
Western Canada’s rig activity was fairly static during the seasonal slowdown in May—in percentage terms, the active rate was much higher than last year, when the effects of the COVID-19 slowdown were fully taking hold (see graph).
May 28, 2021, 8:42 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of May 28, 2021, as reported this morning by Rig Locator.
May 28, 2021, 11:25 AM MDT
The U.S. rig count is up two rigs from last week to 457, with oil rigs up three to 359, gas rigs down one to 98, and miscellaneous rigs unchanged at zero, according to Baker Hughes.
May 28, 2021, 11:06 AM MDT
May 28, 2021, 7:17 AM MDT
May 28, 2021, 7:38 AM MDT
Trans Mountain has started constructing a 2.6-kilometre tunnel to connect Burnaby Terminal and Westridge Marine Terminal as part of its expansion project.
May 28, 2021, 12 AM MDT
May 28, 2021, 11:14 AM MDT
Steve Orr will retire as chief executive officer and director of Shawcor Ltd. effective June 1, 2021.
May 28, 2021, 5:52 AM MDT
Altura Energy Inc. has increased its capital expenditure budget for 2021 to $7.5 million from $6 million to advance several “parallel initiatives.”
May 28, 2021, 6:16 AM MDT
With a property sale and financing recently closed, Leucrotta Exploration Inc. will now be focused on executing the Mica project.
May 28, 2021, 6:27 AM MDT
The Saskatchewan government says the Accelerated Site Closure Program (ASCP) has seen “strong uptake and success” during its first year.
May 28, 2021, 6:36 AM MDT
Gear Energy Ltd. has secured an extension for its semi-annual borrowing base redetermination.
May 28, 2021, 12 AM MDT
Saturn Oil & Gas Inc. has closed the first tranche of its non-brokered private placement by selling 64.58 million special warrants for total proceeds of $7.75 million.
May 28, 2021, 8:50 AM MDT
May 28, 2021, 7:27 AM MDT
May 28, 2021, 7:34 AM MDT