Canada – Oil & Gas 360

Pipelines back in play as Canada eyes a strategic energy reset: by Oil & Gas 360

March 25, 2026

(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

Middle East chaos hands Canada a $65 billion gift

March 24, 2026

(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

Uniper holds LNG talks with Canada as Berlin seeks to cut US reliance, sources say

March 5, 2026

(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

South Bow plan to revive parts of Keystone XL needs Trump approval, US oil pipeline links

March 2, 2026

(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

Canada to boost investments in Ukraine’s energy sector

February 18, 2026

(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

Alberta separatists step up efforts to leave Canada after meeting with Trump officials

February 12, 2026

(BOE Report) – Separatists in Alberta are ramping up a petition campaign aimed at triggering an independence vote in the western province that has long complained its economy is being held back by the rest of Canada. Volunteer canvassers are hoping to collect by May 2 approximately 177,000 signatures, or 10% of the province’s registered voters, the threshold required to

Canadian oilpatch expected to keep bulking up through mergers and acquisitions

February 10, 2026

(BOE Report) – CALGARY – Oilpatch advisers are expecting the wave of consolidation to continue after last year’s string of blockbuster Canadian deals, but whether foreign buyers are ready to jump into the fray remains an open question. Companies have seen the merit in bulking up through mergers and acquisitions as oil prices hover around the lacklustre US$60 per barrel mark,

Canadian crude discounts widen as supply glut signals emerge

February 9, 2026

(World Oil) – Canadian oil producers riding a boom from the expanded Trans Mountain pipeline are now grappling with increasing price discounts for near-term supplies, a sign that a supply glut is taking hold. Canada’s flagship oil grade’s discount has grown to more than $15 a barrel in recent days from less than $13 a barrel two months ago. The

VAALCO Energy to sell non-core Canadian assets for $35 million

February 5, 2026

(World Oil) – VAALCO Energy has agreed to sell its non-core producing properties in Canada for approximately CAD $35 million (about USD $25.6 million), as the company continues to streamline its portfolio and focus capital on higher-return upstream opportunities. The assets, which currently produce about 1,850 boed working interest, are expected to close within 30 days, subject to customary conditions. The transaction

CanCambria Energy Announces Market Awareness Initiatives

February 4, 2026

(Oil and Gas 360) – CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (OTCQB: CCEYF) is pleased to announce that it has entered into agreements with Machai Capital, Inc. and Euroswiss Capital Partners Inc. to support market awareness, advertising and marketing initiatives designed to enhance the Company’s visibility within the Investment community. These initiatives will target investors globally through a range of

Ovintiv Announces Closing of NuVista Energy Acquisition

February 3, 2026

(Oil & Gas 360) – DENVER, Feb. 3, 2026 /CNW/ – Ovintiv Inc. (NYSE: OVV) (TSX: OVV) (“Ovintiv” or the “Company”) announced today that it has completed its acquisition of all of the common shares (“NuVista Shares”) of NuVista Energy Ltd. (TSX: NVA) (“NuVista”) in a cash and stock transaction valued at $2.7 billion. The acquisition is expected to add approximately 930 net 10,000-foot equivalent well

Exxon affiliate Imperial to end Canada’s Norman Wells oil production in 2026

February 2, 2026

(World Oil) – Imperial, a majority-owned affiliate of ExxonMobil, said it will end hydrocarbon production at its Norman Wells operations in Canada’s Northwest Territories in the third quarter of 2026, as the field reaches the end of its productive life. The decision follows continued production decline at the century-old asset, which includes producing wells located on natural and artificial islands in the Mackenzie River

Premium Content