(BOE Report) – China has emerged as the top customer for Canadian oil shipped on the expanded Trans Mountain pipeline, ship tracking data showed, as a U.S. trade war has shifted crude flows in the year since the pipeline started operating. China’s new interest in Canadian oil comes as U.S. President Donald Trump’s trade war has strained relations between longtime
(Oil Price) – The Permian Basin has been the star of the U.S. shale oil and gas industry for years. But this star is, at least for the time being, dimming as production costs rise with the natural depletion of top-quality acreage. But there is another formation that could take up the torch from the Permian. And it’s in Canada. The Montney
(Oil Price) – Canada’s pipeline giant Enbridge Inc. reported on Friday record quarterly earnings for the first quarter of the year as it moved a record-high volume of liquids on its huge Mainline pipeline system in North America. The company booked adjusted earnings of US$1.58 billion (C$2.2 billion), or US$0.74 (C$1.03) per common share, for the first quarter, up from US$1.44 billion
(BOE Report) – Canada’s second-largest oil producer Suncor Energy said on Wednesday a recent cost-cutting campaign had set it up well to weather lower global oil prices, but did not rule out reducing capital spending next year if weaker economic conditions persist. CEO Rich Kruger told analysts on a conference call that Suncor has not changed its 2025 capital budget range of
(BOE Report) – EDMONTON – Alberta Premier Danielle Smith says she will hold a referendum on provincial separation next year if citizens gather the required signatures on a petition. Smith, in a livestream address Monday, said she wants a sovereign Alberta within a united Canada but there is a growing number of Albertans who are unhappy with Confederation, and are organizing
(World Oil) – Drillers in Canada’s energy heartland of Alberta are shifting their focus to natural gas as the global trade war and an OPEC+ plan to increase output hammer crude prices. The number of licenses for new gas wells issued in the first quarter rose 26% from the previous quarter to 308, the highest quarterly total in two years,
(Oil & Gas 360) Q1/25 capital program realized well outperformance averaging 20% above internal type curves(2), driving estimated average volumes over 41,600 boe/d(1) Opportunistically retired ~US$15 million of senior notes by allocating ~C$21 million to open market repurchases at prices below par Continued share buybacks with ~3.4 million shares repurchased to date in 2025, bringing total repurchases to 7.9 million
(BOE Report) – The U.S. Army Corps of Engineers on Wednesday granted Enbridge’s proposed tunnel for its Line 5 pipeline national energy emergency status, fast-tracking a key federal permitting process. President Donald Trump had ordered the Army Corps to issue permits enabling the filling of wetlands and dredging or building in waterways as part of the January 20 emergency energy declaration,
(Oil & Gas 360) Vancouver, BC – April 15, 2025 – CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (“CanCambria” or the “Company”) today announced the appointment of Eric Vaughan as Vice President of Drilling and Completions, effective immediately. In this role, Mr. Vaughan will lead the operations and execution team for the Company’s flagship Kiskunhalas project in Southern Hungary.
(World Oil) – 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. The Liberal Party leader said at a campaign stop in Calgary that his government would create a Major Federal Project Office with a “one project, one review”
(World Oil) – 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. Leaders of oil and gas producers as well as pipeline companies characterized the sudden decline — sparked by US President Donald Trump’s global tariffs and OPEC’s
(Oil & Gas 360) CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (“CanCambria” or the “Company”) today announced that the Hungarian Ministry of Energy (the “Ministry”) has selected CanCambria Hungary Kft (“CanCambria Hungary”), the Company’s wholly-owned subsidiary, as the successful bidder for the Kiskunhalas Concession Tender Area (the “Kiskunhalas Concession Area”) for hydrocarbon exploration and production, subject to formal documentation and
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