Higher oil and gas prices have begun trickling down to increased field activity in North American unconventional resource plays, but for pressure pumping companies challenges remain in regaining financial sustainability, executives from Calfrac Well Services Ltd. told analysts on their 2021 fourth quarter and year-end conference call.

The war between Russia and Ukraine has Calfrac Well Services Ltd. evaluating options for its Russian division, company president and chief operating officer Lindsay Link told analysts at Calfrac’s 2021 fourth quarter and year-end conference call.

Rising energy prices in part related to the current Russia-Ukraine crisis may reinforce the case for why economies should have been increasing oil and gas sector investments, notes Marty Reed, partner with Evok Innovations, but it also makes the case for increasing cleantech investments ― to help get economies out of such geopolitical messes.

Backing from Indigenous communities will be pivotal to the energy industry clearing important hurdles in the future.

Alberta’s oilsands land sales, which have been sleepy for quite some time, sprang to life on March 9.

Western Canada has seen significant M&A activity over the past 18 months, with over 180 mboe/d of production changing hands in 44 deals for a combined total of around $6.2 billion.

E3 Metals Corp. announces Leigh Clarke has joined the company as the director of Corporate Strategy and Sustainability.

The federal government announced today an investment of $27.2 million in Westinghouse Electric Canada Inc. to support its $57-million project so its next-generation small modular reactor (SMR), the eVinci micro-reactor, can be successfully licensed in Canada.