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News Energy Oil & Gas General
July 29, 2020  

Prolonged oil industry slump leads to third cut in Canadian drilling forecast

The Petroleum Services Association of Canada says it now expects just 2,800 wells will be drilled in Canada this year

News Energy Manufacturing Oil & Gas General Production
April 22, 2020  

Energy sector shutting down oil production as low crude oil prices persist

More producers join a growing list of companies reducing spending and cutting production.

News Energy Manufacturing Oil & Gas General
March 17, 2020  

Spring breakup slowdown offers needed pause for hard hit drilling industry

Drilling will be reduced even more than usual: 31% decline forecast for average working rig count in Canada for the rest of 2020.

News Energy Manufacturing Oil & Gas General
May 14, 2019  

Ensign Energy exec forecasts Canadian drilling rebound

Company hopes to put 45 to 50 rigs to work in Western Canada in the third quarter.

News Energy Oil & Gas General
May 2, 2019  

PSAC cuts oil and gas drilling forecast again as slowdown deepens

Slowdown due to decaying investor confidence as export pipeline projects are delayed.

News Oil & Gas General
April 22, 2019  

Acquisitions, insolvencies cited as drilling company count tumbles by 40%

The Canadian drilling market would benefit from more consolidation given recent declines in drilling activity.

News Energy Manufacturing Oil & Gas General Production
February 14, 2019  

Western Energy sends drilling rig to US south as Canadian activity dries up

Drilling contractors have relocated 20 of their rigs to the US in 2018 to now, up from just six in 2017.

News Energy Manufacturing Oil & Gas General
December 20, 2017  

Alberta oil and gas drilling rights auction rises to $504M in 2017

Sales give companies the right to drill exploration wells on land where the province owns the mineral rights.

News Energy Manufacturing Oil & Gas General
June 30, 2017  

Seeking energy dominance by exporting oil, gas and coal to global markets.

Seeking energy dominance by exporting oil, gas and coal to global markets.

News Energy Manufacturing Oil & Gas Business Operations General Sustainability
May 17, 2017  

Oilfield services M&A picks up as battered drillers seek lower costs, scale

Drillers and service companies are rehiring staff and redeploying equipment after cutting costs to the bone during the downturn.

News Energy Manufacturing Oil & Gas General
January 31, 2017  

Improved oil drilling forecast tempered by Trump risk

PSAC concerned competition from the US pro-business policies of the president.

News Energy Government Manufacturing Oil & Gas General Operations Production Sustainability
February 18, 2016  

Drilling group calls on Alberta, feds to show sector more respect

Head of industry association says 100,000 people are out of work in the oil and gas industry – the equivalent of one in six.

News Energy Manufacturing Oil & Gas General Operations Production
November 23, 2015  

TransCanada subsidiary must stop drilling under Athabasca River: NEB

Potentially toxic substance released after leak at Nova Gas Transmission Ltd. site.

News Energy Manufacturing Oil & Gas General Operations Production
November 19, 2015  

Oil well drilling association forecasts 2016 to be worst year in a generation

Association anticipates a 57% drop in activity compared to 2014.

News Energy Government Manufacturing Oil & Gas General Sustainability
July 23, 2015  

Shell gets permits for limited Alaska oil exploration

Needs emergency capping stack for deeper drilling off Alaska’s northwest coast.