Canada
News
November 26, 2025
PipeSense has signed an exclusive agreement with Indigenous-owned Monitor Emissions to expand advanced leak detection, pig tracking, and hydrotesting technologies across Canada’s pipeline network—strengthening national integrity, safety and emissions reduction efforts.
News
November 17, 2025
Canada’s oil sands are seeing renewed growth as U.S. shale output plateaus, with production hitting record highs following the Trans Mountain pipeline expansion. Improved heavy-oil pricing and rising U.S. investor interest are driving a resurgence among major oil sands producers through 2030.
News
November 13, 2025
Cenovus has officially closed its acquisition of MEG Energy, adding 110,000 bpd of low-cost oil sands production and consolidating a key thermal hub in Alberta. The deal strengthens Cenovus’s long-life asset base and positions the company for new synergies ahead of its 2026 budget update.
News
November 06, 2025
Aker Solutions has secured a five-year brownfield services contract from ExxonMobil Canada for the Hebron platform offshore Newfoundland and Labrador. The significant NOK 1.5–2.5 billion award extends Aker Solutions’ long-running EPC and maintenance work on the platform, reinforcing its strong presence in Atlantic Canada’s offshore sector.
News
November 05, 2025
Energy NL CEO Charlene Johnson said Canada’s 2025 federal budget shows promising support for resource and infrastructure projects, but urged clarity on the emissions cap timeline. She highlighted tax incentives for carbon capture and LNG as positive for Newfoundland and Labrador’s energy industry.
News
November 05, 2025
Ovintiv will acquire NuVista Energy in a $2.7 billion cash-and-stock deal, adding 140,000 net acres and 100,000 boed of production in the Montney while planning to divest its Anadarko assets to strengthen its balance sheet.
News
October 28, 2025
Canadian oil sands emissions increased by less than 1% in 2024 even as production rose 150,000 bpd, S&P Global Commodity Insights reports. Efficiency gains cut greenhouse gas intensity by 3% to 57 kgCO₂e per barrel.
News
October 13, 2025
Carnelian Energy Capital has closed a $600 million oversubscribed fund aimed at upstream oil and gas investments in Canada, signaling renewed private equity confidence in the region’s energy sector.
News
October 10, 2025
Strathcona Resources Ltd. has formally withdrawn its takeover bid for MEG Energy Corp., citing new terms in MEG’s revised agreement with Cenovus Energy Inc. that render the proposed acquisition no longer feasible.
News
October 09, 2025
Baytex Energy Corp. is considering divesting its Eagle Ford shale operations in south Texas, potentially fetching up to $3 billion, as the Calgary-based producer shifts strategic focus back to its Canadian oil portfolio.
News
October 08, 2025
Cenovus Energy has raised its takeover offer for MEG Energy to C$7.6 billion, sweetening terms ahead of a delayed shareholder vote. The deal would expand Cenovus’s footprint across Alberta’s Christina Lake oil sands, where MEG produces about 100,000 bpd.
News
October 06, 2025
Shell-led LNG Canada is preparing to load its first cargo from Train 2 this month, marking the next phase of Canada’s expanding LNG export capacity.
Article
September 2025
It’s been a tumultuous year for the Canadian oil patch—weakening markets have tempered expectations that the new federal government is open to discussing, and possibly changing, some of its most damaging and punitive policies and legislation.
News
September 16, 2025
Energy NL has written to Newfoundland and Labrador’s provincial party leaders ahead of the 2025 election, seeking clear positions on offshore oil and gas, Bay du Nord incentives, federal emissions cap regulations, and renewable energy development.
News
September 16, 2025
Canada has approved the $10 billion Ksi Lisims LNG project, a floating export facility backed by Blackstone, Rockies LNG, and the Nisga’a Nation. Set to start by 2028, the project will become Canada’s second-largest LNG export terminal.
News
September 15, 2025
MEG Energy has rejected Strathcona Resources’ sweetened C$7.6 billion bid, backing Cenovus Energy’s cash-heavy offer instead. The oil sands producer’s board cited risks tied to Strathcona’s shares and reaffirmed support for Cenovus ahead of an October shareholder vote.
News
September 12, 2025
Canada’s LNG expansion strategy gained momentum as Prime Minister Mark Carney placed Shell’s LNG Canada project on the national priority list, fast-tracking approvals for a potential doubling of export capacity.
News
September 10, 2025
Cenovus CEO Jon McKenzie says the company will not raise its takeover bid for MEG Energy, rejecting rival Strathcona’s higher all-stock offer as shareholder approval looms.
News
September 08, 2025
Strathcona Resources Ltd. increased its bid for oil sands producer MEG Energy Corp., seeking to break up the oil sands producer’s sale to larger Canadian rival Cenovus Energy Inc.
News
September 03, 2025
Alberta’s oil production rose to a record 4.32 million bpd in July as oil sands companies boosted output from well sites to fill the expanded Trans Mountain pipeline. Output from the oil sands also climbed to a record of 3.67 million bpd, according to Alberta Energy Regulator data.
News
September 01, 2025
Equinor has selected BW Offshore as preferred bidder for the FPSO unit for the Bay du Nord project offshore Canada. Bay du Nord, Canada's first deepwater project, is operated by Equinor and bp, and holds an estimated 400 million bbls of recoverable light crude in its initial phase.
