Canada

Both sides lost ground in the natural gas trade between Canada and the United States as emergency responses to the Covid-19 pandemic eroded economies during the first quarter of this year, according to the U.S. Department of Energy (DOE). Canada fared worst, based on the latest trade scorecard compiled by the DOE’s Division of Natural…

The Alberta government launched a long-range campaign last week to make oil and gas companies pay for cleaning up a generations-old and growing backlog of 96,969 depleted and inactive wells. Energy Minister Sonya Savage announced a stiffened polluter-pay policy that requires producers to devise five-year cleanup plans and act on them under supervision by the…

The U.S. natural gas rig count increased one unit to 69 for the week ended Friday (July 24) as the latest Baker Hughes Co. (BKR) numbers offered further indication that domestic drilling activity is leveling off following the Covid-induced collapse earlier this year. The overall U.S. rig count finished unchanged at 251 for the week,…

Liquefied natural gas (LNG) exports could generate prosperity and waves of investment, employment and revenue for British Columbia (BC), but only with government help, according to a report commissioned by the fledgling Canadian industry. Potential for astronomical gains is sketched in A Rising Tide: The Economic Impact of BC’s Liquefied Natural Gas Industry, crafted for…

Canadian oil and gas drilling has begun to recover, but it remains well below expectations before the Covid-19 pandemic inflicted a near total halt on field activity. As of this week the Canadian Association of Oilwell Drilling Contractors (CAODC) reported 42 rigs in action including 31 in Alberta, eight in British Columbia (BC) and three…

Global drilling behemoth Precision Drilling Corp. cut costs by double-digits and improved efficiencies across its operations during the second quarter, but there’s paltry visibility as uncertainties surrounding the impacts of Covid-19 remain a concern, management said. Even though revenue plunged by nearly half from a year ago to $47 million, the multi-talented operator is poised…

The U.S. natural gas rig count fell four units to finish at 71 for the week ending Friday (July 17) as domestic drilling activity continued on a downward trajectory, the latest numbers from Baker Hughes Co. (BKR) show. With one oil-directed rig also exiting the patch, the U.S. rig count fell five units to finish…

Cryopeak LNG Solutions Corp. has signed a memorandum of understanding (MOU) with a marine bulk fuels transporter to deliver liquefied natural gas (LNG) bunkering services on Canada’s West Coast.  Cryopeak signed the MOU with Seattle-based Island Tug & Barge Ltd. The companies have developed a design for a 4,000 cubic meter vessel that would fuel…

Employment continued to shrink during June in Canadian oil and natural gas fields, with service and supply contractors suffering the deepest losses, according to the industry’s workforce monitoring agency. Cuts of 5,600 field personnel accounted for 84% of 6,700 layoffs recorded last month by Calgary-based Petroleum Labor Market Information (PetroLMI) from Statistics Canada surveys. The…