Drilling
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Outlook for oil and gas sector ‘exceedingly strong’ in 2024: Precision DrillingPrecision Drilling Corp. reported a third-quarter profit of $19.8 million, down from $30.7 million a year earlier, as its revenue edged higher.EconomyOct 26, 2023
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Alberta, B.C. wildfires having ‘modest’ impact on Precision Drilling operationsPrecision 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.MoneyFeb 10, 2023
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Oil and gas drilling sector wants federal tax credit to help it decarbonizeThe group says labour recruitment and retention remain a challenge to overcome in the energy industry.CanadaNov 23, 2022
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Cathedral Energy Services buying U.S. company Altitude Energy PartnersCathedral Energy Services Ltd. has signed a deal to buy the directional drilling services business of Altitude Energy Partners LLC.MoneyJul 4, 2022
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Opening of South Shore REM line between Brossard, downtown Montreal delayed to fall 2022The ongoing COVID-19 pandemic, supply chain issues and other challenges are causing delays in the delivery of the Réseau express métropolitain (REM).CanadaJan 24, 2022
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Oilpatch drilling activity to rise in 2022: new PSAC forecastDrilling activity in the Canadian oilpatch will return to pre-pandemic levels in 2022, according to a new industry forecast.EconomyNov 11, 2021
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Canadian oil drilling contractor association changes name to reflect energy transitionA 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.CanadaMay 27, 2021
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Canadian 2021 drilling forecast rises due to higher commodity price expectationsThe improved outlook is consistent with other recent signs of optimism in the gloomy oil patch.CanadaJan 28, 2021
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Cathedral Energy Services CEO announces plan to retire in AprilCathedral Energy Services Ltd. says veteran CEO Scott MacFarlane plans to retire from the Calgary-based directional and horizontal drilling company in April.MoneyOct 14, 2020
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