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energy and resources
Precision Drilling reports $146.7-million fourth-quarter profit, revenue edged lower
Precision Drilling Corp. has signed an agreement to acquire CWC Energy Services Corp. in a deal valued at about $141 million including shares, cash and assumed debt. Trainees Dan Brook and Bradley Williams are directed by instructor Clint Dyck while training to lay down drill pipe on a rig floor, at Precision Drilling in Nisku, Alta., on January 20, 2016. THE CANADIAN PRESS/Jason Franson
energy and resources
Baker Hughes says it expects North American oil field spending to decline in 2024
The logo of energy services firm Baker Hughes is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
world
Forty-one workers remain trapped in tunnel in India for seventh day as drilling operations face challenges
Rescuers walk near the site of an under-construction road tunnel that collapsed in mountainous Uttarakhand state, India, Friday, Nov. 17, 2023. Rescuers drilled deeper into the rubble of a collapsed road tunnel in northern India on Friday to fix wide pipes for 40 workers trapped underground for a sixth day to crawl to their freedom. (AP Photo)
world
Rescuers work on alternative plan for collapsed tunnel in India where workers have been trapped for nearly a week
Rescuers use a digger to make a path at the top of the mountain as part of an alternate plan to reach the workers trapped in a tunnel after a portion of it collapsed, in Uttarkashi in the northern state of Uttarakhand, India, November 18, 2023.
world
In India, 40 workers are trapped in a tunnel for a seventh day as rescuers wait for a new drill
Members of rescue teams stand at the entrance of a tunnel where road workers are trapped after a portion of the tunnel collapsed in Uttarkashi in the northern state of Uttarakhand, India, November 17, 2023. REUTERS/Shankar Prasad Nautiyal
opinion
Canada needs to dig deep to become a world leader in geothermal technology
Rebecca Pearce and Ian Graham
energy and resources
Precision Drilling reports $19.8-million third-quarter profit, down from $30.7-million a year ago
Precision Drilling Corp. has signed an agreement to acquire CWC Energy Services Corp. in a deal valued at about $141 million including shares, cash and assumed debt. Trainees Dan Brook and Bradley Williams are directed by instructor Clint Dyck while training to lay down drill pipe on a rig floor, at Precision Drilling in Nisku, Alta., on January 20, 2016. THE CANADIAN PRESS/Jason Franson
energy and resources
Big 3 oilfield service providers to get lift from international, offshore demand
FILE PHOTO: A pump jack operates at sunset in an oil field in Midland, Texas U.S. August 22, 2018. Picture taken August 22, 2018. REUTERS/Nick Oxford
opinion
Contra Guys: This under-the-radar gold-related stock is ready to pop
Philip MacKellar
energy and resources
Precision Drilling reports rise in third-quarter profit, revenue as North American activity increases
inside the market
Monday’s small-cap stocks to watch
inside the market
Tuesday’s analyst upgrades and downgrades
energy and resources
Precision Drilling reports first-quarter loss, revenue up nearly 50% on growing demand
report on business
Precision Drilling says higher oil prices working to its benefit as business picks up
report on business
Canadian energy contractors have reason for optimism after years of decline, but only if they can attract workers
inside the market
Friday’s analyst upgrades and downgrades
inside the market
Thursday’s analyst upgrades and downgrades
energy and resources
As oil-well backlog shrinks, U.S. shale producers may upset investors and drill more
analysis
Tuesday’s TSX breakouts: After a sharp sell-off, analysts forecast a 42% rebound for this commodity play
report on business
Precision Drilling’s net loss surges to $75.9-million in second quarter despite better outlook
world
Biden suspends oil leases in Alaska’s Arctic refuge
inside the market
Silver discovery helps Mirasol Resources stock shine
Ted Dixon
Ted Dixon
energy and resources
Ensign Energy Services reports $43.6-million first-quarter loss, revenue down 43% from year ago
energy and resources
Schlumberger CEO calms investors with faster recovery prediction
inside the market
Tuesday’s analyst upgrades and downgrades
energy and resources
Noble Corp. to buy Pacific Drilling in all-stock deal
energy and resources
Joe Biden expected to announce moratorium on oil leases on public land
report on business
Precision Drilling beats earnings expectations; shares jump 8.6%
world
Canadian firm eyes Namibia oil boom, sparking environmental fears in biologically sensitive region
report on business
RBC will not finance Arctic refuge drilling, and puts restrictions on coal, under new investment guidelines
world
Greece says talks with Turkey on dispute in Eastern Mediterranean could restart soon
u.s. business
Facebook stirs up anger after abandoning drilling gear on Oregon coast
energy and resources
Precision Drilling loss widens as coronavirus saps oil demand
energy and resources
With contracts canceled and debts mounting, offshore oil drillers face another shakeout
report on business
Spring breakup slowdown offers needed pause for hard-hit drilling industry
report on business
Alberta drilling rights auctions post record low returns for province