CALGARY — Precision Drilling Corp. says it lost $27.3 million in the fourth quarter of 2021 compared with a loss of $37.5 million a year earlier as its revenue rose 46 per cent. The company says the loss for the quarter ended Dec. 31 was $2.05 per diluted share...
ESTEVAN – February is typically the busiest month of the year for oilwell drilling in Saskatchewan, but the largest players have dramatically reduced their programs compared to previous years, even though oil prices are now in the US$90/bbl. range for benchmark West...
The proposed Keystone XL pipeline had been the subject of a decade-plus battle that pitted the energy industry against environmentalists. Biden revoked the permit for Keystone XL shortly after his inauguration last year. Calgary-based TC Energy, the company behind the...
Quick Dick McDick coming to you from Saskatchewan today, where he describes all the different usages of the word “drift.” There’s a lot, and it’s not just tooling around with Morty. And apparently, a neighbour’s tractor was involved. Take...
CALGARY — Cenovus Energy Inc. will continue to keep a tight rein on capital spending even as crude prices surge to eight−year highs, the CEO of the Calgary−based oil producer said Tuesday. In a conference call with analysts, chief executive Alex Pourbaix said the...
