(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
(Oil Price) – Canadian pipeline giant Enbridge reported record-high core earnings for 2025 and consensus-beating earnings for the fourth quarter amid growing demand for oil and gas egress from production centers to consumption and export hubs. Enbridge on Friday reported full-year adjusted earnings before interest, income taxes and depreciation and amortization (EBITDA) of US$14.7 billion (C$20.0 billion) for 2025, up by 7%
(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
(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
(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
(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
(BOE Report) – At least three liquefied natural gas (LNG) cargoes loaded in Australia and Canada are heading toward Europe and the Americas instead of their usual destination, Asia, after an Arctic storm curbed exports from the U.S., shiptracking data showed. The diversion of supply away from Asia could tighten supply and support spot LNG prices in the region. While
(Investing) – BEIJING – Prime Minister Mark Carney hailed Canada’s improving ties with China as well as the leadership of President Xi Jinping on Thursday, declaring their nations were charting a new course in cooperation at a time of global division and disorder. The four-day visit to China was the first by a Canadian prime minister since 2017, following up on
(BOE Report) – Canadian crude oil is low risk and will stay competitive even if output in Venezuela rises after the U.S. capture of President Nicolas Maduro, Prime Minister Mark Carney said on Tuesday. U.S. President Donald Trump says American oil companies are prepared to tackle the difficult task of entering Venezuela and investing billions to restore production. Venezuelan crude
(BOE Report)– U.S. oil and gas producers in search of fresh drilling territory are looking to expand in Western Canada’s Montney basin, a remote yet massive shale play that is already a hotbed of M&A activity and could see more deals soon, according to executives, analysts and advisors. Extensive drilling in U.S. shale fields over the past 15 years or
(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
(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
