Canada – Oil & Gas 360

Strathcona announces sale of Montney business for $2.84 billion and acquisition of Hardisty Rail Terminal

May 15, 2025

(Oil & Gas 360) – Calgary, Alberta (May 14, 2025) – Strathcona Resources Ltd. (“Strathcona” or the “Company”) (TSX: SCR) is pleased to announce that it has entered into definitive agreements to sell substantially all of its Montney assets for approximately $2.84 billion, pursuant to three separate transactions: The sale of its Kakwa asset (the “Kakwa Sale”) to ARC Resources Ltd. for

The next big shale boom could be north of the border

May 14, 2025

(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

Canada’s Suncor says it could cut 2026 capital spending if low oil prices persist

May 7, 2025

(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

Alberta premier promises separation referendum in 2026 if petition signatures warrant

May 6, 2025

(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

Saturn Oil & Gas Inc. provides Q1/25 capital program update and accelerates debt repayment with US$15 million senior note repurchase and cancellation

April 23, 2025

(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

Canada’s LNG industry set to take flight as interest reignites in Alaska megaproject

April 14, 2025

(BOE Report) – CALGARY – Hundreds of kilometres up the Pacific coast from where Canada’s first liquefied natural gas export terminal is set to start up this summer, a monster lays dormant. Alaska has long had ambitions to ship its natural gas to international markets, but the cost and scale of such an undertaking has held it back for decades. But

Carney vows to speed permits, make Canada energy superpower

April 11, 2025

(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”

Oil price shock may be short lived, Canada energy chiefs say

April 9, 2025

(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

CanCambria Energy Corp wins exploration tender at Kiskunhalas covering over 230,000 acres

April 1, 2025

(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

Trump says he had productive call with Canadian PM Carney

March 28, 2025

(Investing)– WASHINGTON – U.S. President Donald Trump said he had a productive call on Friday with Canadian Prime Minister Mark Carney and that the two leaders would meet after Canada’s election, which is scheduled for next month amid increased tensions between the neighboring allies. “It was an extremely productive call, we agree on many things, and will be meeting immediately after

Canadian opposition, oil CEOs call for scrapping federal carbon price system

March 21, 2025

(Investing) – CALGARY – The future of Canada’s six-year-old carbon pricing system is on shaky ground after 14 oil and gas CEOs and the political opposition leader this week called for its repeal. Scrapping the system, which aims to reduce pollution by giving heavy industry a financial incentive to cut carbon emissions, however, puts the viability of a high-profile carbon capture

Canada’s Energy Minister threatens the U.S. with oil export cuts

March 12, 2025

(Oil Price) – Canada’s energy minister has threatened Washington with curbing exports of crude oil in response to the Trump administration’s import tariffs on Canadian goods. Jonathan Wilkinson also suggested export tariffs were among the retaliatory options being considered. “When we are talking about non-tariff retaliation, it could be about restricting supply, it could be putting our own export duties on

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