Service & Supply

LNG boom helps orders soar at world’s No. 2 oil contractor

Friday, January 21, 2022, 6:45 AM MST

Oil and gas drilling is big business once again, if the leap in demand for services from Baker Hughes Co.,…

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Calfrac Well Services names interim chief executive

Friday, December 17, 2021, 6:08 AM MST

Calfrac Well Services Ltd. says George Armoyan has been appointed as interim chief executive officer. In connection with the change,…

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Halliburton sees world headed for oil scarcity amid spending cut

Tuesday, December 7, 2021, 6:34 AM MST

Halliburton Co., the biggest provider of fracking, warned that the world is headed into a period of scarcity for oil…

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Labour shortages slowing pace of fleet activations, Calfrac Well Services says

Wednesday, November 3, 2021, 6:14 AM MDT

Calfrac Well Services Ltd says widespread labour shortages are a challenge for the sector even as a rally in commodity…

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Calfrac Well Services reports Q3 loss, revenue more than doubles from year ago

Tuesday, November 2, 2021, 5:59 AM MDT

Calfrac Well Services Ltd. reported a loss in its latest quarter as its revenue more than doubled compared with a…

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Air charter helps Albertans benefit from Texas oil development

Thursday, October 28, 2021, 6 AM MDT

The oil industry in Texas has been a driving force of the North American economy for decades. Spanning parts of…

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Baker Hughes joins Halliburton in Ida-fuelled earnings hit

Thursday, October 21, 2021, 6:53 AM MDT

Another disappointment to jolt the oil-services sector: Baker Hughes Co. reported a third-quarter earnings stumble that included pain from Hurricane…

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Precision Drilling’s Q3 revenue up more than 50% from year ago as drilling ramps up

Thursday, October 21, 2021, 6:33 AM MDT

Precision Drilling Corporation says it lost $38 million in its latest quarter as drilling ramped up and revenue rose more…

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Baker Hughes CEO says remaining one company still makes sense

Tuesday, September 14, 2021, 6:46 AM MDT

Baker Hughes Co.’s stock outperformed its biggest oilfield services rivals last week after raising the question of splitting itself up,…

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Oilfield services’ time to shine with ESG

Wednesday, August 25, 2021, 6 AM MDT

For oilfield services, focusing on environment, social and governance (ESG) efforts could be a differentiator when it comes to securing new contracts…

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Halliburton sees ‘multi-year upcycle’ as oil services return

Tuesday, July 20, 2021, 6:54 AM MDT

Halliburton Co., the biggest provider of fracking services, is gearing up for several years of expansion in both the U.S.…

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U.S. oilfield service jobs slow to recover pandemic losses

Wednesday, July 14, 2021, 7:03 AM MDT

American drillers have restored less than 20 per cent of the oilfield services jobs lost due to the pandemic, with…

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