Canada – Oil & Gas 360

MEG Energy rejects Strathcona’s latest bid in favor of Cenovus cash deal

September 15, 2025

(World Oil) – MEG Energy Corp.’s board turned down Strathcona Resources Ltd.’s sweetened offer to buy the oil sands producer, recommending that shareholders stick with a rival offer from Cenovus Energy Inc. Strathcona, controlled by former investment banker Adam Waterous, last week offered 0.8 of a share for each share of MEG, valuing the Calgary-based target at around C$7.6 billion

Exclusive: Logan Energy at EnerCom Denver – The Energy Investment Conference 2025

September 5, 2025

(Oil & Gas 360) – Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technology Series presenter replays for a limited time. Logan Energy Corp. (“Logan”) is a growth-oriented exploration, development and production company formed through the spin-out of the early stage Montney assets of Spartan Delta Corp. Logan was founded with

Exclusive: Whitecap Resources at EnerCom Denver – The Energy Investment Conference 2025

September 4, 2025

(Oil & Gas 360) – Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technology Series presenter replays for a limited time. Whitecap Resources Inc. is a Canadian oil & liquids weighted growth company that pays a monthly cash dividend to its shareholders. Our business is focused on profitable production growth combined

Exclusive: Kelt Exploration at EnerCom Denver – The Energy Investment Conference 2025

September 4, 2025

(Oil & Gas 360) – Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technology Series presenter replays for a limited time. Kelt Exploration Ltd. is an oil and gas company based in Alberta, Canada. The company focuses on exploration, development and production of crude oil and natural gas resources, primarily in

Exclusive: CanCambria Energy at EnerCom Denver – The Energy Investment Conference 2025

September 3, 2025

(Oil & Gas 360) – Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technology Series presenter replays for a limited time. CanCambria is an E & P company founded by long-time technical and financial partners who have worked together for over 30 years on large-scale resource projects in Australia, Canada, China,

Strathcona Resources acquires additional MEG Energy shares

September 3, 2025

(BOE Report) – Canadian oil and gas producer Strathcona Resources said on Tuesday it has purchased additional 6.66 million common shares of rival MEG Energy for about C$190.8 million ($138.09 million). With this acquisition, Strathcona now owns or controls about 11.8% of MEG’s outstanding shares. Prior to this transaction, it held about 9.2% of the total MEG shares. The highest price paid for the

Alberta predicts wider budget deficit amid lower oil prices

September 1, 2025

(World Oil)– Alberta is projecting a wider deficit for the current fiscal year as oil prices fall, denting a key source of revenue for Canada’s top energy-producing province. The deficit will widen to US$4.7 billion (C$6.5 billion) in the fiscal year ending in March, C$1.3 billion bigger than previously forecast, the provincial government said Thursday. Driving the wider shortfall is

Exclusive: Baytex Energy at EnerCom Denver – The Energy Investment Conference 2025

August 27, 2025

(Oil & Gas 360) – Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technology Series presenter replays for a limited time. Baytex Energy Corp. is an energy company based in Calgary, Alberta. The company is engaged in the acquisition, development and production of crude oil and natural gas in the Western

Canada eyes deeper energy ties with Germany through critical minerals partnership

August 26, 2025

(BOE Report)– Canada is signing a critical minerals partnership with Germany that encourages the joint public financing of natural resources projects. Prime Minister Mark Carney says for too long, key Canadian minerals such as nickel and cobalt have gone underdeveloped while China and Russia dominate the global critical minerals market. Carney says the two countries also aim to closely co-operate

Oil sands producers find ways raise output, reduce capex

August 15, 2025

(World Oil)– Canadian oil sands companies have found a way to ramp up production in the face of oil prices: curtailing lengthy repairs to equipment. Canadian Natural Resources Ltd., Imperial Oil Ltd. and others are extending maintenance cycles to two-years from one, which saves on capital expenditure, increases output and effectively offsets declining profits from crude prices that have

How Canada’s oil sands transformed into one of North America’s lowest-cost plays

July 16, 2025

(BOE Report)– Giant shovels, driverless trucks and a dog-like robot have all helped Canada’s oil sands companies including Imperial Oil and Suncor become some of North America’s lowest-cost oil producers, driving down overheads even as the worst inflation in a generation pushed U.S. shale costs up. As the global oil industry enters a downturn due to economic uncertainty related to U.S.

Carney: new Canadian oil pipeline Is ‘highly likely’

July 7, 2025

(Oil Price)– A new oil pipeline to Canada’s Pacific coast is highly likely to make it to the federal government’s list of projects of national interest, Canadian Prime Minister Mark Carney told Calgary Herald in an interview published this weekend. “I would think, given the scale of the economic opportunity, the resources we have, the expertise we have, that it is

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