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.,…
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,…
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…
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…
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…
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…
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…
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…
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,…
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…
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.…
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…
