Keyword
oil and gas
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Optimism returning to oil and gas industry: Mullen
OKOTOKS, Alta. – Mullen Group reported improved revenue in the first quarter of 2017 in both its trucking/logistics and oilfield services segments, but the markets remain “fragile,” according to chairman and CEO Murray Mullen. The company posted Q1 revenue of…
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Murray Mullen becoming more optimistic about oil and gas industries
Mullen Group beats Bay St. expectations, positions for recovery
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Income trust buys MJ Vallee Trucking
LLOYDMINSTER, Alta. — Petrocapita Income Trust has announced the acquisition of oilfield transport company MJ Vallee Trucking. MJ Vallee operates seven heavy oil well fluid transport trucks, six heavy oil fluid transport trailers and a fully equipped truck and trailer…
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Oil and gas sector “a mess”: Mullen
Mullen Group profits declined nearly 86% in 2015, but it grew trucking/logistics revenue
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Aveda Transportation slashes costs as oil prices remain low
CALGARY, Alta. — Aveda Transportation announced it is taking further cost-cutting measures and seeking a new president and CEO as it adjusts to a prolonged downturn in the oil and gas industry. The oilfield hauling services provider said in an…
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Aveda Transportation posts Q2 profit thanks to Hodges Trucking acquisition
CALGARY, Alta. — Alberta-based oilfield hauler Aveda Transportation saw its Q2 revenue fall 28.2% year-over-year as depressed oil prices reduced demand for oilfield transportation services. The revenue drop in Canada was 69.7% while it US operations saw revenue decline 18.7%.…
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Trucking/logistics Mullen Group’s “favourite area of focus” for investments
OKOTOKS, Alta. — Any near-term growth from Mullen Group is likely to occur on the trucking/logistics side of its business, at least until oil prices stabilize. Murray K. Mullen, chairman and CEO of Mullen Group, indicated on a conference call…
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Mullen Group sees Q2 net income drop 96.5%
OKOTOKS, Alta. — Mullen Group reported its second quarter earnings Tuesday and they reflected the woeful state of Canada’s oil and gas industry. Revenue in the oilfield services division was down 36.8% to $111.2 million compared to the second quarter…
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Mullen profit plummets along with oil prices
OKOTOKS, Alta. — Mullen Group saw its net income fall 92.3% in the first quarter, as a result of falling oil prices and a lack of activity in the oil and gas industry. The company produced a net profit of…
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Mullen feels impact of declining oil prices, says diversification will help weather storm
OKOTOKS, Alta. — Mullen Group felt the impact of falling oil prices in the fourth quarter of 2014, with oilfield services revenue slipping 11.7% on the quarter and 3.1% on the full year. Trucking/logistics revenue was up 3% in the…