Imperial Oil second quarter profit soars amid higher production and energy prices

Imperial Oil second quarter profit soars amid higher production and energy prices

Imperial Oil Ltd. CEO Brad Corson said Friday the federal government’s strategy to reduce emissions and reach net-zero amounts to overreach from Ottawa.

“It is very aggressive and stretches the capability of what is technically and economically feasible,” Corson said on a conference call with analysts.

Earlier this month, Ottawa released a statement outlining ways it could potentially design the oil and gas emissions cap, which is part of its 2030 emissions reduction plan, and launched consultations on the matter.

Signing bonus, retention bonus, buddy bonus, and benefits; Sun Country Well Servicing pulls out all the stops to attract new workers

Signing bonus, retention bonus, buddy bonus, and benefits; Sun Country Well Servicing pulls out all the stops to attract new workers

Things are very busy for Sun Country Well Servicing of Estevan, but the service rig outfit could be busier, if they could find more people.
Brad Bennett, vice president of operations, said on July 25, “People are a big issue. Parts are hard to get for equipment. But overall, it’s very, very busy. The weather’s given us a little problem with being too wet in a lot of places with all the rain we’ve had.”

Rig report: Northwest Sask comes alive with drilling, extreme south sees three helium companies at work

Rig report: Northwest Sask comes alive with drilling, extreme south sees three helium companies at work

Drilling activity has hit its stride in Saskatchewan, with 39 drilling rigs working in the field as of July 26. Most significantly, northwest Saskatchewan has come alive again as Cenovus, the province’s largest oil producer, has deployed several rigs to the field in multiple areas. This is a big change, as for an extensive part of this past year, Cenovus had been operating only one rig, despite substantially higher oil prices.

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