Canada – Page 2 – Oil & Gas 360

Canada’s newest oil tycoon shakes up sector with bold expansion plan

December 9, 2025

(BOE Report) – Canadian banker-turned-oil-tycoon Adam Waterous, an industry outsider who lives in a Rocky Mountain tourist town, not energy hub Calgary, has a plan to cement his company’s status as one of North America’s fastest-growing oil companies. Waterous intends to more than double crude production by Strathcona Resources and expand more aggressively than any of its rivals after the company’s hostile

Alberta government urges oil regulator to go soft on flaring

December 1, 2025

(Oil Price) – The provincial government of Alberta, Canada’s key oil and gas-producing province, has advised the Alberta Energy Regulator to go soft on imposing penalties for excess flaring, Reuters reported on Monday, citing documents it had obtained through access to information laws. The provincial government has urged the regulator to take a “softer” tone in communication with companies that are found to

Hodgson says Ottawa is close to providing clarity on B.C. tanker ban

November 25, 2025

(World Oil)- Energy and Natural Resources Minister Tim Hodgson said on Monday the government is getting close to being able to provide clarity on whether Ottawa would repeal the West Coast oil tanker ban. Hodgson made the remarks while appearing before the House of Commons committee on natural resources, when he was asked about the status of the legislation prohibiting

UAE eyes $50 billion investment blitz in Canada’s energy and AI sectors

November 21, 2025

(Oil Price)– The United Arab Emirates is ready to invest as much as $50 billion in Canada’s industries, notably energy and artificial intelligence, following a visit by Prime Minister Mark Carney in Abu Dhabi. Reuters reported the news, citing a statement by the Emirati authorities that did not feature any details on the investment agreement. Earlier reports, however, mentioned an investment

CanCambria Energy Corp. announces upgraded resource evaluation to include Kiskunhalas concession increasing the contingent resources to 1.1 tcf gas & 116.6 mmbbl condensate

November 18, 2025

(Oil & Gas 360) CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (OTCQB: CCEYF) (“CanCambria” or the “Company”) is pleased to announce the results of the Company’s upgraded independent resource evaluation report for the Kiskunhalas tight-gas project in southern Hungary, dated September 30, 2025, and prepared by Chapman Hydrogen and Petroleum Engineering Ltd (“CHPE”). This report incorporates the additional land acquired

MEG takeover saga draws to close as Cenovus completes purchase

November 13, 2025

(BOE Report) – CALGARY – Oilsands giant Cenovus Energy Inc. has completed its takeover of MEG Energy Corp. The two companies had neighbouring properties in the oilsands at Christina Lake, south of Fort McMurray, Alta. With the purchase, Cenovus gets another 110,000 barrels a day of production from what had been MEG’s flagship operation. The deal was worth more than $8.6 billion in cash,

Aker Solutions wins five-year Hebron brownfield services contract from ExxonMobil Canada

November 6, 2025

(World Oil)– Aker Solutions has secured a five-year brownfield services contract extension from ExxonMobil Canada Properties, as operator of the Hebron platform offshore Newfoundland and Labrador. The agreement covers continued maintenance and modification (M&M) services and will be booked as an order intake in the fourth quarter of 2025 under the company’s Life Cycle segment. Hebron offshore platform The brownfield

Ovintiv to acquire NuVista Energy in $2.7 billion deal, advancing Montney growth strategy

November 5, 2025

(World Oil) – Ovintiv Inc. announced a definitive agreement to acquire Calgary-based NuVista Energy Ltd. in a cash-and-stock transaction valued at approximately $2.7 billion (C$3.8 billion), marking a major expansion of its oil-weighted position in Canada’s Montney formation. The deal, unanimously approved by both companies’ boards, is expected to close by the end of the first quarter of 2026. Under the

Canada could ditch the controversial oil and gas emissions cap

November 5, 2025

(Oil Price) – The new government’s Climate Competitiveness Strategy, outlined in Budget 2025, will prioritize effective carbon markets, enhanced methane regulations, and technologies such as carbon capture and storage as the primary means to reduce oil and gas emissions. Canada’s federal government is signaling it plans to scrap the previous cabinet’s controversial emissions cap plan, which had put former PM Justin

Gran Tierra Energy Inc. Announces Normal Course Issuer Bid and Automatic Share Purchase Plan

November 4, 2025

(BOE Report)– Gran Tierra Energy Inc. (“Gran Tierra”) (NYSE American: GTE)(TSX: GTE)(LSE: GTE), today announces that the Toronto Stock Exchange (“TSX”) has approved its notice of intention to make a normal course issuer bid (the “Bid”) for its shares of common stock (the “Shares”). As of October 31, 2025, there were 35,295,753 Shares issued and outstanding and the public float

Cenovus announces third-quarter 2025 results

October 31, 2025

(BOE Report)– Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its third-quarter 2025 financial and operating results. The company generated approximately $2.1 billion in cash from operating activities, $2.5 billion of adjusted funds flow and $1.3 billion of free funds flow. Operating results in the quarter included record Upstream production of 832,900 barrels of oil equivalent per day (BOE/d)1 and record

China’s Xi and Canada’s Carney vow to advance relations

October 31, 2025

(Investing)– China’s President Xi Jinping met with Canada’s Prime Minister Mark Carney on Friday, with the leaders vowing to advance bilateral relations and Carney accepting Xi’s invitation to visit China. They held a summit on the sidelines of the Asia-Pacific Economic Cooperation (APEC) forum in Gyeongju, South Korea, part of Carney’s tour of Asia in an effort to deepen trade

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