Service & Supply

Oilfield services company Calfrac Well Services suspending any investments in Russia

Tuesday, March 29, 2022, 6:20 AM MDT

Calfrac Well Services Ltd. says it is suspending any investments in Russia. The company says even though the provision of…

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Parkland Q4 profit down, hurt by refinery pause due to B.C. floods, raises dividend

Friday, March 4, 2022, 6:40 AM MST

Parkland Corp. reported its fourth-quarter profit fell compared with a year ago, hurt by a pause in refinery processing operations…

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Energy infrastructure firm Enerflex signs all stock deal to buy U.S. company Exterran

Tuesday, January 25, 2022, 6:14 AM MST

Enerflex Ltd. has signed an all-stock deal to buy U.S. company Exterran Corp. in an agreement that values the company…

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Schlumberger bets on growth with $2 billion plan

Monday, January 24, 2022, 6:59 AM MST

Schlumberger is gearing up for growth around the world as the No.1 oilfield contractor expects recovering economies to ignite several…

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Halliburton lifts payout for the first time in more than 7 years

Monday, January 24, 2022, 6:51 AM MST

Halliburton Co. more than doubled its dividend after the world’s top fracking provider recorded its biggest quarterly profit in more…

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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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