Canada – Page 4 – Oil & Gas 360

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

Shell-led LNG Canada prepares to start Train 2

October 3, 2025

(BOE Report)- Led LNG Canada has begun the process of starting up its second 6.5 million tonnes per annum (mtpa) liquefied natural gas processing unit known as Train 2 in Kitimat, British Columbia, a company spokesperson told Reuters on Thursday. The startup of Train 2, however, is happening as the company continues to experience technical problems at Train 1, according

Alberta leads as proponent for West Coast pipeline

October 2, 2025

(BOE Report)– With the advice and technical support of three major pipeline companies, Alberta’s government, acting as proponent, will develop and submit a formal application for a project of national significance to the Federal Major Projects Office under the Building Canada Act. Indigenous communities in Alberta and British Columbia are being engaged from Day 1. Indigenous co-ownership, partnership and perspectives

Alberta Premier Danielle Smith set to make major energy industry announcement

October 1, 2025

(BOE Report) – CALGARY, ALBERTA, CANADA – Alberta Premier Danielle Smith is set to reveal today a new project to strengthen national energy development. Smith will be in Calgary for the announcement. Alberta Energy Minister Brian Jean and Rajan Sawhney, the minister in charge of Indigenous relations, will also be on hand as will the head of Cenovus Energy. Smith has

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