(By Oil & Gas 360) Part II – If Part I is about what Canada has built, Part II is about what it hasn’t fully unlocked. Because the next phase of Canada’s energy story is not just in the Western Canadian Sedimentary Basin. It’s onshore, it’s offshore, it’s frontier, and increasingly, it’s global. For decades, Canada’s oil and gas system was
(By Oil & Gas 360) – Part I – Canada’s oil and gas story has never followed the same path as the United States. It hasn’t been defined by speed, short-cycle production, or the ability to rapidly scale in response to price. Instead, it has been built on something else entirely: size, longevity, and resource depth. That difference shows up most clearly in
(BOE Report) – Exports of liquefied natural gas from Canada’s LNG Canada plant topped 1 million metric tons in April, setting a monthly record, according to LSEG data. * LNG Canada is the country’s first major LNG export facility and the first on North America’s West Coast, giving it direct access to Asia, the world’s largest LNG market. * All
(World Oil) – Shell plc has agreed to acquire ARC Resources Ltd. in a deal valued at approximately $13.6 billion, or approximately $16.4 billion including debt. The deal significantly expands Shell’s position in Canada’s Montney shale and boosts long-term oil and gas production. The transaction will add roughly 370,000 boed of production to Shell’s portfolio and approximately 2 billion boe of proved plus probable reserves, strengthening its
(BOE Report) – Canadian oil and gas producers are benefiting from the surge in commodity prices driven by the Middle East war, but they say it’s not changing their investment plans in the near-term. The chief executive at oilsands giant Cenovus Energy says it’s too early on in the crisis to know what the enduring changes to the market are
(By Oil & Gas 360) – A quiet shift is underway in global energy, and it is increasingly centered in the Americas. From U.S. shale and LNG exports to Brazil’s offshore growth and Canada’s expanding export reach, the Western Hemisphere is moving from a regional supplier to a global stabilizing force. At a time when traditional supply routes are under pressure
(Oil Price) – The price of Canada’s synthetic crude, which has rich diesel yield for refiners, has surged by nearly 200% since March 27 as the Middle East war cripples global diesel supply and sends diesel futures, cracks, and retail prices soaring. The synthetic crude made from processing of bitumen from Alberta’s oil sands is very low sulfur and its chemical
(By Oil & Gas 360) – A project once written off is finding new life as shifting geopolitics and tighter global supply reshape North America’s energy priorities. Momentum is building around a potential revival of Keystone XL, with Canadian officials and industry leaders re-engaging with U.S. counterparts to discuss what a new cross-border pipeline framework could look like. Discussions with the
(Oil Price) – At the end of February, the Alberta government released its draft budget for the year, forecasting a deficit resulting from low oil prices, set to extend over the next three years. Now, Canada—and Alberta specifically—are about to become some of the big winners from the oil price rally resulting from the Middle East supply crunch. Canadian oil producers are set
(BOE Report) – State-owned German energy group Uniper is holding talks with Canada to expand its liquefied natural gas purchases, three people familiar with the matter said, as part of Berlin’s plans to strike a broad economic partnership and cut reliance on U.S. supplies. The discussions, which the sources said are taking place on a corporate and political level, are
(BOE Report) – A proposal led by Canadian company South Bow to revive parts of the cancelled Keystone XL oil pipeline could increase Canada’s crude exports to the U.S. by more than 12%, if it gets a green light from U.S. President Donald Trump and additional links to U.S. refining hubs are built. The new proposal involves a different route
(Investing) – PARIS – Canada will step up support to Ukraine’s energy sector, working with industry to supply oil and gas equipment on favourable terms and boost renewable energy investments, the two governments said on Wednesday. Russia has targeted power stations, electricity transmission lines and gas facilities as part of its full-scale invasion of Ukraine, which began in February 2022. Russian
