Drilling

• Outlook for oil and gas sector ‘exceedingly strong’ in 2024: Precision Drilling

  Precision Drilling Corp. reported a third-quarter profit of $19.8 million, down from $30.7 million a year earlier, as its revenue edged higher.

  Economy

  Oct 26, 2023
  
• Alberta, B.C. wildfires having ‘modest’ impact on Precision Drilling operations

  Precision Drilling Corp. says the wildfires in Alberta and B.C. have had a modest impact on its operations and it expects second-quarter drilling activity to increase 14 per cent.

  Jun 1, 2023
  
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• Precision Drilling reports $3.5M Q4 profit, revenue up more than 70%

  Precision Drilling Corp. saw its fourth-quarter revenue increase by 73 per cent year-over-year, as North American oil and gas drilling activity continues to pick up.

  Money

  Feb 10, 2023
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• Oil and gas drilling sector wants federal tax credit to help it decarbonize

  The group says labour recruitment and retention remain a challenge to overcome in the energy industry.

  Canada

  Nov 23, 2022
• Cathedral Energy Services buying U.S. company Altitude Energy Partners

  Cathedral Energy Services Ltd. has signed a deal to buy the directional drilling services business of Altitude Energy Partners LLC.

  Money

  Jul 4, 2022
• Opening of South Shore REM line between Brossard, downtown Montreal delayed to fall 2022

  The ongoing COVID-19 pandemic, supply chain issues and other challenges are causing delays in the delivery of the Réseau express métropolitain (REM).

  Canada

  Jan 24, 2022
• Oilpatch drilling activity to rise in 2022: new PSAC forecast

  Drilling activity in the Canadian oilpatch will return to pre-pandemic levels in 2022, according to a new industry forecast.

  Economy

  Nov 11, 2021
• Canadian oil drilling contractor association changes name to reflect energy transition

  A 72-year-old bastion of the Canadian oilpatch is changing its name to Canadian Association of Energy Contractors to reflect its members' roles in all forms of energy generation.

  Canada

  May 27, 2021
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• Canadian 2021 drilling forecast rises due to higher commodity price expectations

  The improved outlook is consistent with other recent signs of optimism in the gloomy oil patch.

  Canada

  Jan 28, 2021
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• Cathedral Energy Services CEO announces plan to retire in April

  Cathedral Energy Services Ltd. says veteran CEO Scott MacFarlane plans to retire from the Calgary-based directional and horizontal drilling company in April.

  Money

  Oct 14, 2020