Precision Continues To Work On Better Pricing; Company Grapples With Labour Issues
Labour inflation is “here and real,” says Kevin Neveu, president and chief executive officer of Precision Drilling Corporation, but so is service price inflation.
Labour inflation is “here and real,” says Kevin Neveu, president and chief executive officer of Precision Drilling Corporation, but so is service price inflation.
The Clearwater at Marten Hills is proving itself as a strong demand driver.
Precision Drilling Corporation is currently having the “high-quality problem” of its fleet possibly running out of available super-spec rigs in 2022.
Enbridge Inc. is hearing from customers about the importance of toll certainty and egress as the company negotiates a new tolling framework for its Canadian Mainline.
Enbridge Inc. foresees abundant opportunities in the carbon capture space, such as through the proposed Open Access Wabamun Carbon Hub, says executive management, but cost and capital for such projects are intensive, and therefore they must be developed with scale and cost in mind.
Enbridge Inc. delivered strong safety, operating and financial performance in 2021, says executive management, while advancing strategic priorities and strengthening the conventional and low-carbon segments’ competitive position.
The Daily Oil Bulletin has published the January edition of the On The Move newsletter.
Canadian oil production for 2022 is still estimated to be a record setting 5.9 million bbls/d, said the International Energy Agency (IEA), driven by gains in Alberta.
Consolidate and connect your engineering and business information to ensure critical processes are identified and captured.
Cathedral Energy Services Ltd. closed its acquisition of the operating assets of Discovery Downhole Services for a purchase price of C$20.8 million.
ARC Resources Ltd.’s top executive says 2021 was an “exceptional and transformational year” for the company as it successfully assimilated assets acquired in the acquisition of Seven Generations Energy Ltd. which led to strong operational and financial performance.
Many producers are awash with free cash flow — but what does this mean for their 2022 outlook in terms of cash usage, debt positions, capital budgeting and guidance?
Drilling rig activity in Western Canada and the Top 10 active operators as of Feb. 11, 2022 as reported this morning by Rig Locator.
The U.S. rig count is up 22 from last week to 635 with oil rigs up 19 to 516, gas up two to 118, and miscellaneous rigs up one to one.
ARC Resources Ltd. announced several changes to its senior leadership team.
The federal government launched a call for proposals for Indigenous-led projects to “build new or expand existing clean fuel production capacity in Canada.”
Shell Pipeline Company LP has made a non-binding offer to purchase all remaining common units held by the public representing limited partner interests in Shell Midstream Partners, L.P. for $12.89 per common unit in cash.