Oilpatch CEOs fear their costs will rise when the federal government passes recently introduced legislation to legalize recreational marijuana. Continue reading →

One of Canada’s largest oil and gas drilling companies is seeing renewed demand for its services but at lower prices. Continue reading →

Precision Drilling CEO Kevin Neveu said North American drilling budgets are starting to rise on oil price optimism, although much faster in the United States than in Canada. Continue reading →

Precision Drilling Corp. says it plans to spend $109 million on capital expenditures in 2017, down from $213 million this year. Continue reading →

Industry forecasts suggest that 2016 will be the worst year for drilling activity in almost four decades in Canada. Continue reading →

Precision Drilling Corp.’s second-quarter loss nearly doubled to $58 million as revenue dropped 51 per cent from a year earlier. Continue reading →

Calgary-based Precision Drilling Corp. reported a first-quarter loss of $14.5 million on Monday, after reporting a profit in the same period a year earlier. Continue reading →

Precision Drilling Corp. says uses of its rigs was cut by more than half in Canada and the United States in the fourth quarter compared with a year earlier, resulting in less cash from operations and a bigger loss. Continue reading →

With every layoff announcement, Albertans are feeling the impact of tanking oil prices. The number of job cuts is growing every week. Here’s a look at the layoffs confirmed so far. Continue reading →