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.
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.
Seeking energy dominance by exporting oil, gas and coal to global markets.
Seeking energy dominance by exporting oil, gas and coal to global markets.
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.
Improved oil drilling forecast tempered by Trump risk
PSAC concerned competition from the US pro-business policies of the president.
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.
TransCanada subsidiary must stop drilling under Athabasca River: NEB
Potentially toxic substance released after leak at Nova Gas Transmission Ltd. site.
Oil well drilling association forecasts 2016 to be worst year in a generation
Association anticipates a 57% drop in activity compared to 2014.
Shell gets permits for limited Alaska oil exploration
Needs emergency capping stack for deeper drilling off Alaska’s northwest coast.
BluMetric awarded $3.2M environmental engineering contract
Vale Canada contract includes drilling, monitoring, and pumping of wells, aquifer tests and groundwater and surface-water sampling.
Shell selects Canadian Helicopters for Shelburne offshore drilling project
Contract will generate $20 million in revenue for HNZ Group Inc., the Montreal-based owner of Canadian Helicopters.
Federal and Quebec governments reveal plans for Gulf of St. Lawrence
Legislation to jointly manage the Gulf’s petroleum resources is expected to be tabled by the end of the year.
NEB will weigh Imperial, Chevron’s Arctic spill response plans
Both companies requested more clarity from the board before committing huge amounts of money in exploring Arctic waters.
Canadian oil well drillers enjoying best second quarter in seven years
Strong gas prices have increased cash investment to the industry.
NDP calls on Tory government to ban urban drilling in Alberta
Alberta Energy Minister says NDP comments show its “lack of knowledge about how oil and gas development regulation.”
Plans to increase US exports of LNG stir environment debate
More fracking, higher risks to the public; could drive up costs to manufacturers
Enbridge, Energy Partners plan more crude to Gulf Coast
Joint venture would ship crude from Illinois hub to refinery market.
Taking the plunge
Overcoming the challenges of subsea drilling.
Shell gets OK at second Alaskan drilling site
Company can’t drill until its containment barge is in place.
