Canada is uniquely positioned to make a meaningful mark in the carbon capture utilization and storage (CCUS) space. If the federal government gets a proposed new CCUS tax credit program right, carbon-intensive companies across the country could very well spark an innovative revolution in the way the world handles carbon. Seizing that opportunity, though, will come down to how well any credit developed promotes cost certainty and is globally competitive.

Overall, Canadian service companies experienced a strong third quarter, with expectations for continued prosperity in the months ahead.

Drilling rig activity in Western Canada and the Top 10 active operators as of Dec. 10, 2021 as reported this morning by Rig Locator.

The U.S. rig count is up seven from last week to 576 with oil rigs up four to 471, gas up three to 105, and miscellaneous rigs unchanged at zero.

Strict new rules for oil and gas companies to better detect, monitor, and repair methane leaks in the U.S. mean there is no time like now to figure out the multitude of measurement tools saturating the market.

Pembina Pipeline Corporation has closed its previously announced offering of $1.0 billion of senior unsecured medium-term notes.