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…
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…
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…
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…
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…
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…
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,…
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…
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…
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…
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…
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…
