Service & Supply
Shale loses another global giant after Schlumberger’s frack sale
Wednesday, September 2, 2020, 6:35 AM MDT
Schlumberger has become the biggest oil-service industry player yet to abandon frack work in North America, a sign that activity…
Calfrac says U.S. court sides with company in fight with Wilks Brothers
Tuesday, September 1, 2020, 7:11 AM MDT
Calfrac Well Services Ltd. says a U.S. court has sided with the company in its fight with Texas-based Wilks Brothers…
AltaGas approved to double propane exports
Thursday, August 27, 2020, 6:33 AM MDT
Just a little over a year after AltaGas Ltd. commissioned its new propane export terminal in Prince Rupert, the company…
Texas suitor urges Calfrac shareholders to reject management restructuring plan
Wednesday, August 19, 2020, 6:17 AM MDT
A Texas suitor for Calgary-based Calfrac Well Services Ltd. is urging shareholders to reject a management recapitalization proposal favoured by…
Calfrac Well Services rejects recapitalization offer from Wilks Brothers
Wednesday, August 19, 2020, 6:11 AM MDT
Calfrac Well Services Ltd. says a Texas company's proposed restructuring plan doesn't have sufficient support from unsecured noteholders and so…
Australian oilfield buoys Total Energy Q2 report despite North American weakness
Wednesday, August 12, 2020, 4:18 PM MDT
Total Energy Services Inc. reported a 68 per cent decline in revenue in the second quarter due to a near…
Oilfield services rival makes alternative plan to restructure Calfrac debt
Tuesday, August 4, 2020, 6:02 PM MDT
A Texas-based competitor that is also an investor and debtholder in struggling Calfrac Well Services Ltd. has put forward a…
Baker Hughes bracing for second wave of COVID-19 lockdowns
Wednesday, July 22, 2020, 6:44 AM MDT
Baker Hughes Company is bracing for a second wave of pandemic-induced lockdowns after the virus crippled economic activity around the…
Downstream integration creating value in natural gas complex: 2020 Top Operators Report
Wednesday, July 22, 2020, 6 AM MDT
Vertical integration has paid off for oil producers who have spread risk throughout the value chain while capturing increased revenues…
Analysts split over $45 million drilling partner consolidation by Ensign Energy
Tuesday, July 21, 2020, 6:43 AM MDT
Analysts are split on the wisdom of Ensign Energy Services Inc.’s US$33.4-million move to buy out partner Halliburton Company’s stake…
Halliburton takes $2.1 billion writedown after fracking collapse
Monday, July 20, 2020, 6:29 AM MDT
Halliburton Company said revenue in North America, its largest market, collapsed by 57 per cent in the second quarter, underlying…
Top Operators Report: A long, hard road for oilfield services sector hit with COVID-19
Thursday, July 16, 2020, 9:22 AM MDT
Canada’s oilfield services sector has struggled the last five years. Activity levels plummeted as operators adjusted capital expenditures in light…
