Canada Archives - Oil & Gas 360

Canada’s Basel Belly River shale reemerges as oil development hotspot

July 17, 2026

(World Oil) – On the edge of the Canadian Rocky Mountains, companies including Obsidian Energy Ltd. and Yangarra Resources Corp. are breathing new life into a long-dormant gas reservoir — except now they’re drilling for oil. Both firms are fracing into the sandstone that makes up the Basel Belly River formation in an area southwest of the Alberta’s provincial capital Edmonton called Willesden Green. For the

Canada ties new West Coast Pipeline to oil sands expansion

July 15, 2026

(Oil Price) – Canada’s biggest oil sands producers, the Alberta provincial government, and the federal government have reached a new milestone in advancing the planned new West Coast pipeline that would move another 1 million barrels per day (bpd) of oil sands output from the top oil province to the British Columbia coast. The parties on Monday unveiled the backgrounder document of the

Alberta poised to make West Coast pipeline announcement later this week

June 30, 2026

(BOE Report) – CALGARY – The Alberta government is poised to make an announcement about its plans for a new West Coast oil pipeline later this week. Sam Blackett, press secretary to Premier Danielle Smith, says there will be a “major announcement” on Thursday to share new details about the province’s submission to the federal major projects office. The major projects

Alberta government will hold non-binding referendum on staying in Canada, premier says

May 22, 2026

(BOE Report) – Canada’s oil-rich province of Alberta will proceed with a non-binding referendum in October on whether its residents want to remain part of Canada, Premier Danielle Smith said Thursday, a largely symbolic move that could still pose a major challenge for Prime Minister Mark Carney. The ballot box question will not trigger separation, Smith said, but will instead

Canada’s energy basins: Onshore, offshore, frontier, and what comes next

May 14, 2026

(By Oil & Gas 360) Part II – If Part I is about what Canada has built, Part II is about what it hasn’t fully unlocked. Because the next phase of Canada’s energy story is not just in the Western Canadian Sedimentary Basin. It’s onshore, it’s offshore, it’s frontier, and increasingly, it’s global. For decades, Canada’s oil and gas system was

Canada’s Enbridge tops profit estimates on gas transmission strength

May 8, 2026

(BOE Report) – Enbridge reported first-quarter adjusted profit on Friday that surpassed analysts’ expectations as robust performance in its gas transmission and utility businesses offset softer results in its liquids pipelines segment. The pipeline operator is benefiting from rising demand for natural gas, utility infrastructure and power supply for data centers, allowing it to generate steady growth despite geopolitical tensions and

Canada-US oil pipeline close to reaching commitment requirement, sources say

May 5, 2026

(BOE Report) – A proposed pipeline for carrying Canadian crude oil to the United States is close to securing the minimum commitments from oil companies that the project needs to go ahead, four sources familiar with the matter told Reuters. The Alberta-to-Wyoming pipeline, proposed by Canadian pipeline company South Bow Corp and its U.S. partner Bridger Pipeline, could increase Canada’s

LNG Canada exports hit 1 million metric tons for first time in single month

May 4, 2026

(BOE Report) – Exports of liquefied natural gas from Canada’s LNG Canada plant topped 1 million metric tons in April, setting a monthly record, according to LSEG data. * LNG Canada is the country’s first major LNG export facility and the first on North America’s West Coast, giving it direct access to Asia, the world’s largest LNG market. * All

Shell to acquire ARC Resources in $13.6-billion deal to boost Canadian shale output

April 27, 2026

(World Oil) – Shell plc has agreed to acquire ARC Resources Ltd. in a deal valued at approximately $13.6 billion, or approximately $16.4 billion including debt. The deal significantly expands Shell’s position in Canada’s Montney shale and boosts long-term oil and gas production. The transaction will add roughly 370,000 boed of production to Shell’s portfolio and approximately 2 billion boe of proved plus probable reserves, strengthening its

Inflation jumps to 2.4% in March driven by Iran war oil shock, StatCan says

April 20, 2026

(BOE Report) – The annual rate of inflation accelerated to 2.4 per cent in March as the war in Iran sent fuel costs soaring, Statistics Canada said Monday. That’s a jump of more than half a percentage point from the headline inflation rate of 1.8 per cent in February, though economists had widely expected the March figures to come in

Oilpatch holding off on investment changes despite crude price surge

April 15, 2026

(BOE Report) – Canadian oil and gas producers are benefiting from the surge in commodity prices driven by the Middle East war, but they say it’s not changing their investment plans in the near-term. The chief executive at oilsands giant Cenovus Energy says it’s too early on in the crisis to know what the enduring changes to the market are

Canada’s synthetic crude soars 200% as war chokes diesel supply

April 3, 2026

(Oil Price) – The price of Canada’s synthetic crude, which has rich diesel yield for refiners, has surged by nearly 200% since March 27 as the Middle East war cripples global diesel supply and sends diesel futures, cracks, and retail prices soaring. The synthetic crude made from processing of bitumen from Alberta’s oil sands is very low sulfur and its chemical

Premium Content