On Tuesday, Calgary-based Calfrac Well Services Ltd. reported it more than doubled its first-quarter revenue compared with the same period last year and is reactivating equipment it parked over the past three years.
Meanwhile, both Calfrac and its crosstown rival, Trican Well Service Ltd., have been rehiring. Read more
China Petroleum and Chemical Corp (Sinopec), Bank of China and CIC Capital Corp signed a joint development agreement with Alaska Gasoline Development Corp and the State of Alaska to jointly build an integrated liquefied natural gas (LNG) system valued at $43 billion.
China Energy Investment Corp signed a memorandum of understanding with West Virginia state to invest $83.7 billion in shale gas, power and chemical projects. Read more
