Canada – Page 2 – Oil & Gas 360

Tourmaline and Topaz Announce the Closing of $230 Million Bought Deal Secondary Offering of Topaz Common Shares

October 28, 2025

(BOE Report)– CALGARY, AB, Oct. 28, 2025 /CNW/ – Tourmaline Oil Corp. (TSX: TOU) (“Tourmaline” or the “Selling Shareholder“) and Topaz Energy Corp. (TSX: TPZ) (“Topaz” or the “Company“) announced today the closing of the previously announced secondary offering (the “Offering“) of common shares of the Company (the “Common Shares“). Pursuant to the Offering, the Selling Shareholder sold a total of 9,200,000 Common Shares, comprised

Gran Tierra Energy Inc. announces new $200 million prepayment and marketing agreement and amendment to reserve-based credit facility

October 24, 2025

(BOE Report)– CALGARY, Alberta, Oct. 24, 2025 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced that it has, through its wholly owned subsidiary Gran Tierra Energy Colombia GmbH, a Swiss limited liability company (the “Seller”), entered into a crude oil sale and purchase agreement and a related prepayment addendum (together, the “Oriente Crude Oil

Canada’s Carney visits Asia to forge new alliances and reduce US dependence

October 24, 2025

(BOE Report)– Canada’s Prime Minister Mark Carney embarks on his first official visit to Asia on Friday in an attempt to deepen trade and security ties at a time when the North American country is struggling to lessen its overwhelming dependence on the U.S. and redefine its foreign policy in pursuit of new markets. Canadian government officials said Carney’s week-long

Prospera Energy launches key infrastructure upgrades to unlock next phase of production growth

October 23, 2025

(BOE Report)– CALGARY, Alberta, Oct. 23, 2025 (GLOBE NEWSWIRE) — Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) (“Prospera“, “PEI” or the “Corporation“) Prospera Energy is pleased to announce the commencement of a major pipeline replacement and infrastructure upgrade project in the Cuthbert area. The project involves the replacement of two key legacy pipelines over a ten-day construction period, with a total capital

How one pipeline turned Canada into a global energy power

October 21, 2025

(Oil Price)– For years, Canada’s oil and gas sector was plagued by pipeline shortages that severely limited the country’s capacity for export and forced producers to sell at a major discount as storage capacity became maxed out across the nation. But all of that changed when the Trans Mountain Expansion project finally came online after years of delays on May

Cenovus Energy acquires additonal shares in MEG Energy

October 16, 2025

(BOE Report)– Cenovus Energy bought more shares in MEG Energy, raising its stakes to 9.8% in the Canadian oil sand company. This follows Cenovus’s Tuesday purchase of 21.7 million shares, strengthening its position to acquire one of Canada’s last large pure-play oil sands companies ahead of the October 22 shareholder vote. Earlier this month, Cenovus increased its bid by C$2.35

Canada PM Carney says Keystone XL pipeline could boost US-Canada ties

October 10, 2025

(Investing) – Canadian Prime Minister Mark Carney indicated on Friday that reviving the proposed Keystone XL oil pipeline from Alberta to the United States could help strengthen energy cooperation between the two countries. “There are many possible projects, including Keystone XL,” Carney stated during a press conference when discussing potential initiatives to enhance U.S.-Canada energy integration. When questioned about whether the

Carney pitches Keystone XL restart in exchange for progress on aluminum, steel

October 9, 2025

(BOE Report)– Prime Minister Mark Carney raised the prospect of reviving the Keystone XL pipeline project with U.S. President Donald Trump as part of a larger pitch on linking energy co-operation and support for Canada’s steel and aluminum sectors. A government source who was briefed on the disc aluminum, steelussions told The Canadian Press that Trump was “very receptive” to

Cenovus sweetens takeover offer to C$8.6 billion for MEG Energy

October 8, 2025

(BOE Report)– Cenovus Energy on Wednesday sweetened its offer to acquire MEG Energy, raising the value of the proposed deal to C$29.80 per share, in an attempt to match a rival bid from Strathcona Resources. The revised terms valued MEG at about C$8.6 billion ($6.16 billion), including debt, the company said, adding that it is Cenovus’ “best and final” offer. Last month, MEG

Precision Drilling Corporation Announces the Appointment of Carey Ford as President and Chief Executive Officer and the Retirement of Kevin Neveu

October 6, 2025

(Oil and Gas 360) – CALGARY, Alberta, Oct. 06, 2025 (GLOBE NEWSWIRE) — The Board of Directors (the Board) of Precision Drilling Corporation (Precision) announced today that, as part of its long-standing succession plan, Mr. Carey Ford has been appointed as President and Chief Executive Officer and as a member of the Board. He succeeds Kevin Neveu, who has retired after serving

Shell’s LNG Canada project nears first Train 2 cargo amid production ramp-up

October 6, 2025

(World Oil) – Shell’s LNG Canada is currently on track to load its first liquefied natural gas cargo from the facility’s second unit as soon as this week as the project continues to ramp up in the next month, according to people familiar with the matter. The unit, known as Train 2, began activities to start on Tuesday, according to reports.

MEG Shareholders Set to Vote on Critical Decision – Cenovus vs. Strathcona vs. Going it Alone

October 3, 2025

(BOE Report)– The contest for MEG Energy is entering its final stages, with two competing bids on the table and shareholders set to vote in October. The upcoming votes will determine whether MEG is acquired by Cenovus, taken over by Strathcona, or remains independent. Key Dates Ahead Several important dates now define the timeline: October 7: Proxy voting deadline for MEG shareholders

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