The president of the Petroleum Services Association of Canada says a court ruling in Minnesota that could further delay Enbridge Inc.’s Line 3 oil pipeline replacement project spells more bad news for Canadian oilfield workers. Continue reading
The Petroleum Services Association of Canada is again lowering its forecast for how many oil and gas wells will be drilled in Canada this year. Continue reading
The Petroleum Services Association of Canada is cutting 1,000 wells from its 2019 drilling forecast due to what it calls deteriorating investor confidence in Canada. Continue reading
Shares in Ensign Energy Services Inc. closed about eight per cent higher at $5.49 Monday after it reported a smaller loss in its third quarter compared with a year ago, while revenue grew 17 per cent. Continue reading
Rising oil prices that encouraged more spending by small and intermediate oil and gas companies in Western Canada in the first six months of 2018 are expected to lead drilling budgets to grow even further this fall. Continue reading
The association that represents Canadian oil and gas drilling companies says it expects “muted stability” for the industry in 2018 despite recent strengthening in oil prices. Continue reading
“There is still this overarching lack of support for the oil industry, which has essentially made Canada what it is today,” Mark Salkeld said on Tuesday. Continue reading
Drilling activity in Saskatchewan will be higher than originally forecast: Petroleum Services Association of Canada. Continue reading
PSAC has increased its 2017 drilling forecast for the third time. Continue reading
Alberta operators drilled twice as many wells during the first three months of this year than they did over the same time period last year. Continue reading