Canada Archives - Page 5 of 9

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

Record-low Canadian natural gas prices prompt production curbs

September 26, 2025

(Oil Price) – Canadian producers are temporarily shutting in natural gas wellheads amid a record-low negative pricing at the key Alberta gas hub. The price of natural gas at the AECO Hub, the Canadian benchmark price for natural gas on the Nova Gas Transmission Ltd. (NGTL) system, has been weak all summer and plunged below zero earlier this week. On Thursday, the daily

Explained: How Alberta is moving to speed up oil sands reclamation with mine water treatment

September 23, 2025

(BOE Report) – In what the former Chief of the Fort McKay First Nation calls “a critical step in the right direction,” the Alberta government is moving to accelerate reclamation of more than 1.3 trillion litres of water stored in oil sands tailings ponds. On Sept. 5, the province announced it will expedite setting standards that allow for “mine water” to be

US Northeast electricity imports from Canada drop, EIA reports

September 19, 2025

(BOE Report)– Electricity imports from Canada into New York Independent System Operator (NYISO) and Independent System Operator New England (ISO-NE) have dropped due to drought conditions in Canada and lower U.S. Northeast electricity demand, the U.S. Energy Information Administration (EIA) said in a report on Friday. The EIA noted that from January to August 2025, imports into New England’s ISO-NE

Canada approves Blackstone-backed LNG project, paving way for $7 billion export facility

September 16, 2025

(World Oil) – Canada has cleared a C$10 billion ($7.3 billion) floating facility to export liquefied natural gas off its northwest coast as soon as 2028. Ksi Lisims LNG — backed by Blackstone Inc.-funded Western LNG, as well as Rockies LNG Partners and the Nisga’a Nation, an Indigenous group that owns the development land — is the first such major

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

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