Richardson acquires Control Chemical Corporation
Richardson International Litd. purchased Control Chemical Corporation, a manufacturer…
Drilling forecast calls for 14% rebound in 2021 from depths of 2020
The Canadian Association of Oilwell Drilling Contractors expects 3,771 wells to be drilled next year.
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
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.
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.
Ensign Energy exec forecasts Canadian drilling rebound
Company hopes to put 45 to 50 rigs to work in Western Canada in the third quarter.
PSAC cuts oil and gas drilling forecast again as slowdown deepens
Slowdown due to decaying investor confidence as export pipeline projects are delayed.
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.
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.