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…

Read Article

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…

Read Article

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…

Read Article

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…

Read Article

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…

Read Article

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…

Read Article

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,…

Read Article

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…

Read Article

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…

Read Article

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…

Read Article

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…

Read Article

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…

Read Article

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.