Drilling & Completions


Shell joins Exxon with $1 billion Brazil exploration setback

Tuesday, May 17, 2022, 6:30 AM MDT

Expensive offshore exploration setbacks for international oil majors including Shell plc and Exxon Mobil Corp. are throwing cold water on…

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Biden cancels offshore oil lease sales in Gulf Coast, Alaska

Friday, May 13, 2022, 6:19 AM MDT

The Biden administration is cancelling three oil and gas lease sales scheduled in the Gulf of Mexico and off the coast of…

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Canadian Association of Energy Contractors raises drilling forecast for the year

Tuesday, May 10, 2022, 1:25 PM MDT

The Canadian Association of Energy Contractors is raising its forecast for oil and natural gas drilling following what it said…

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Precision Drilling boosts capital spending as higher rig demand expected to continue

Friday, April 29, 2022, 6:30 AM MDT

Precision Drilling Corp. is boosting its 2022 capital spending in anticipation of a continued strong run for the oilfield rig…

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Precision Drilling reports first quarter loss, revenue up nearly 50%

Thursday, April 28, 2022, 6:21 AM MDT

Precision Drilling Corp. reported a first-quarter loss as its revenue rose by nearly 50 per cent compared with a year…

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U.S. oil and gas permits delayed after federal court ruling

Tuesday, February 22, 2022, 6:50 AM MST

Permits to drill for oil and gas on U.S. public land will be delayed after a federal judge ruled against…

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Shale giants swear they won't drill more

Friday, February 18, 2022, 7:02 AM MST

The Texas wildcatters that ushered in America’s shale revolution are resisting the temptation to pump more oil as the market rallies,…

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Precision Drilling says higher oil prices working to its benefit as business picks up

Friday, February 11, 2022, 6:20 AM MST

The head of Precision Drilling Corp. says higher oil and gas prices are boosting business, as the company works to…

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Precision Drilling reports fourth quarter loss, revenue up 46% from year ago

Thursday, February 10, 2022, 6:13 AM MST

Precision Drilling Corp. says it lost $27.3 million in the fourth quarter of 2021 compared with a loss of $37.5…

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This could be when shale driller discipline cracks, Citi warns

Tuesday, February 8, 2022, 6:52 AM MST

Oil executives tempted by the prospect of the highest crude prices in seven years are showing all the signs of…

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Exxon reaps biggest profit since 2014 as energy prices rally

Tuesday, February 1, 2022, 6:50 AM MST

Exxon Mobil Corp. will boost spending on new oil wells and other projects by as much as 45 per cent…

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Los Angeles City Council approves phaseout of oil drilling

Thursday, January 27, 2022, 6:11 AM MST

The Los Angeles City Council on Wednesday approved a measure to ban new oil and gas wells and phase out existing ones. The measure…

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