Canada
News
June 03, 2025
Petronas is considering options for its Canadian company formerly known as Progress Energy Resources Corp., including a sale, according to people familiar with the matter. A transaction could value the Canadian business at $6 billion to $7 billion, sources said.
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
May 23, 2025
Tim Hodgson, Canada’s new energy minister, has emphasized the need to build carbon-capture systems for the oil sands and identified crude and natural gas exports as a major priority for Prime Minister Mark Carney’s government.
News
May 23, 2025
Vermilion Energy has entered into a definitive agreement for the sale of its Saskatchewan and Manitoba assets for $302 million USD ($415 million CAD). The assets are currently producing approximately 10,500 boed (86% oil and liquids).
News
May 19, 2025
TotalEnergies has signed a Sales and Purchase Agreement (SPA) with Ksi Lisims LNG for the purchase of 2 MMtpa of LNG for 20 years from the future liquefaction plant, subject to the final investment decision of the project.
News
May 15, 2025
Strathcona Resources has entered into an agreement to sell its assets in the Montney shale formation in western Canada in a shift that makes it a pure heavy oil producer. Strathcona is divesting its gas-focused operations in three separate transactions worth C$2.8 billion ($2 billion USD).
News
April 29, 2025
"A vibrant and supported energy industry, including offshore oil and gas, hydroelectricity and clean fuels, can move our country forward in uncertain times. Energy NL looks forward to working with Prime Minister Carney," said Energy NL's CEO Charlene Johnson.
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
April 24, 2025
Crbon Labs Inc. has completed the first plugging of an orphan gas well in Canada and is pleased to announce its collaboration with U.S. Venture, Inc. and its U.S. Energy® team who has acquired 100% of the corresponding High Fidelity Crbon™ credits from the project.
News
April 23, 2025
Energy NL is providing details on responses received from two of the major federal parties regarding the development and prioritization of Newfoundland and Labrador's energy sector. The response follows Energy NL's letter sent last month to all three parties.
News
April 21, 2025
“The entire Newfoundland and Labrador energy industry is mourning the loss of Mr. Rob Crosbie, an industry titan who played a leading role in starting the offshore oil and gas industry and forming the energy industry advocacy association Energy NL," said CEO Charlene Johnson.
News
April 11, 2025
Energy NL, Canada's energy industry association, has issued a statement with details on its Budget 2025. CEO Charlene Johnson announced $90 million to be allocated over three years for offshore oil and gas exploration.
News
April 10, 2025
Prime Minister Mark Carney pledged to make Canada the world’s “leading energy superpower” through a plan that includes establishing a single office that would decide on major projects within two years.
News
April 09, 2025
The plunge in oil prices over the past week was more severe than the market’s dynamics justify, and the drop may be short-lived, according to Canadian energy executives gathered in Toronto. “What we learned from Covid is that energy demand is pretty resilient,” said one executive.
News
April 08, 2025
Enverus Intelligence® Research (EIR) has released a new report finding that recent oil price weakness and U.S. trade tensions will only marginally slow down growth for the Canadian oil sands region; significant brownfield expansions and economic viability remain.
News
April 03, 2025
Kongsberg Maritime has secured a contract to supply an integrated package of equipment for a new Offshore Support Vessel (OSV) being built for ship owner DOF. The vessel will operate offshore Newfoundland, known for its harsh environmental conditions.
News
March 19, 2025
CEOs representing Canada’s energy industry sent a letter to Canadian federal political leaders outlining an urgent action plan to strengthen the nation's economic sovereignty through rapid regulatory restructuring and investment in oil and natural gas infrastructure.
News
March 10, 2025
A Poland shipyard has ordered 6 × MAN 12V175D high-speed variable speed engines in connection with the construction of an OSV (Offshore Support Vessel) for DOF. Named ‘Sea Dragon’, the OSV is set to assist operations off the coast of Newfoundland, Canada.
