Alberta
News
June 15, 2025
During the Executive Conference of the Global Petroleum Show last week, Alberta’s premier, Danielle Smith, provided an update on the province’s energy sector and gave her assessment of the new federal administration’s policies on energy.
News
May 30, 2025
Canadian wildfires have prompted evacuations from oil sands projects in northern Alberta and forced thousands of people from their homes. A fire near Cold Lake, Alberta is bearing down on oil sands operations and curtailing production in the region as employees are told to leave.
News
May 29, 2025
A total of 26 out-of-control fires are burning in the province amid hot, dry weather, bringing flames within 12 mi (20 km) of about 245,000 bopd production, according to data from Alberta’s energy regulator and wildfire department.
News
May 27, 2025
Hot weather sparked a string of wildfires around Alberta over the weekend, including some near oil and gas wells operated by Canadian Natural Resources Ltd. and others.
News
May 26, 2025
A boom in sales of drilling rights in western Canada’s oil heartland of Alberta is fading as U.S. President Donald Trump’s trade war and OPEC+ production increases hammer crude prices.
News
April 28, 2025
Drillers in Canada’s Alberta energy region are shifting their focus to natural gas as the global trade war and OPEC+ output increase hammers crude prices. The number of licenses for new gas wells issued in Q1 rose 26%, according to Alberta Energy Regulator data.
News
March 10, 2025
Whitecap Resources and Veren today announced a strategic combination to create a leading light oil and condensate producer with concentrated assets in the Alberta Montney and Duvernay. The all-share deal holds a value of approximately $15 billion CAD ($10.4 billion USD), and the combined company will be the largest Alberta Montney and Duvernay landholder.
News
February 26, 2025
Vermilion Energy Inc. has closed its previously announced acquisition of Westbrick Energy Ltd. The acquisition adds stable annual production of 50,000 boed (75% gas, 25% liquids) and approximately 770,000 net acres in Alberta's Deep Basin.
News
January 31, 2025
Ovintiv has closed its previously announced acquisition of certain Montney assets from Paramount Resources Ltd. The acquisition adds approximately 70 thousand barrels of oil equivalent per day (MBOE/d) of production.
News
December 26, 2024
Vermilion Energy Inc. has entered into an arrangement agreement to acquire Westbrick Energy Ltd., a privately held oil and gas company operating in the Deep Basin, for total consideration of $1.075 billion.
News
November 27, 2024
(Bloomberg) – Alberta intends to invoke legislation allowing it to defy a federally proposed cap on emissions from the oil and gas industry in opposition to Prime Minister Justin Trudeau. The Canadian province holds the world’s third-largest crude reserves in its oil sands.
News
November 28, 2024
Enverus Intelligence® Research (EIR), a subsidiary of Enverus, has released its annual Montney and Duvernay Play Fundamentals that examines recent drilling trends, well inventory counts and associated economics within both Canadian plays.
News
November 06, 2024
CNOOC Limited announces that Long Lake Northwest Project in Canada has commenced production safely. The project is expected to achieve a peak production of approximately 8,200 bopd in 2025.
News
October 24, 2024
(WO) — In partnership with a Calgary-based private operator, Epsilon will earn a 25% working interest in undeveloped lands, covering approx. 150,000 gross total acres in the Mannville and Upper Viking formations and targeting horizontal drilling of oil wells
News
October 18, 2024
SLB has announced a definitive agreement to sell its interests in the Palliser Block located in Alberta, Canada. The block consists of oil and gas wells, surface facilities, a pipeline network and certain oil and gas development rights.
News
July 24, 2024
Hot weather has contributed to a wildfire outbreak in Western Canada, with 170 burning in Alberta alone — 53 of them out of control. The equivalent of about 388,000 bpd of oil production and 13,400 bpd of natural gas are within 10 km (6.2 miles) of blazes that are at least 10 hectares (25 acres) in size, according to Alberta Wildfire geographic data and Alberta Energy Regulator June production data.
News
July 18, 2024
About 500,000 bpd of marketable oil sands production could be within 10 km (6.2 miles) of an out-of-control blaze, Rystad Energy said in a report Thursday. That’s equal to roughly 10% of the total oil production in the province. As much as 1.2 MMbpd could be within 20 km.
News
July 17, 2024
In the past 24 hours, 47 new fires emerged in the province, most of them south of the unofficial oil sands capital of Fort McMurray, said Kai Bowering, spokeswoman for Alberta Wildfire. The arid conditions are expected to persist for the next 24 hours, making it easier for the blazes to spread, she said.
News
June 23, 2024
“The federal Liberal and NDP coalition has passed draconian legislation that will irreparably harm Canadian’s ability to hear the truth about the energy industry and Alberta’s successes in reducing global emissions," said Alberta Premier Danielle Smith, along with Canadian Minister of Energy and Minerals Brian Jean and Environment and Protected Areas Minister Rebecca Schulz.
News
June 02, 2024
Surge has now identified the potential for up to 100 multi-lateral drilling locations at Hope Valley. Surge's technical interpretation of its recent 46 square kilometer 3-D seismic program has allowed the company to de-risk these future drilling locations in Hope Valley.
News
May 12, 2024
Massive fires burned down swathes of Fort McMurray eight years ago, forcing thousands of residents to evacuate and temporarily shutting more than MMbpd of oil production.
