Canada
News
May 15, 2025
Strathcona Resources has entered into an agreement to sell its assets in the Montney shale formation in western Canada in a shift that makes it a pure heavy oil producer. Strathcona is divesting its gas-focused operations in three separate transactions worth C$2.8 billion ($2 billion USD).
News
April 29, 2025
"A vibrant and supported energy industry, including offshore oil and gas, hydroelectricity and clean fuels, can move our country forward in uncertain times. Energy NL looks forward to working with Prime Minister Carney," said Energy NL's CEO Charlene Johnson.
News
April 28, 2025
Drillers in Canada’s Alberta energy region are shifting their focus to natural gas as the global trade war and OPEC+ output increase hammers crude prices. The number of licenses for new gas wells issued in Q1 rose 26%, according to Alberta Energy Regulator data.
News
April 24, 2025
Crbon Labs Inc. has completed the first plugging of an orphan gas well in Canada and is pleased to announce its collaboration with U.S. Venture, Inc. and its U.S. Energy® team who has acquired 100% of the corresponding High Fidelity Crbon™ credits from the project.
News
April 23, 2025
Energy NL is providing details on responses received from two of the major federal parties regarding the development and prioritization of Newfoundland and Labrador's energy sector. The response follows Energy NL's letter sent last month to all three parties.
News
April 21, 2025
“The entire Newfoundland and Labrador energy industry is mourning the loss of Mr. Rob Crosbie, an industry titan who played a leading role in starting the offshore oil and gas industry and forming the energy industry advocacy association Energy NL," said CEO Charlene Johnson.
News
April 11, 2025
Energy NL, Canada's energy industry association, has issued a statement with details on its Budget 2025. CEO Charlene Johnson announced $90 million to be allocated over three years for offshore oil and gas exploration.
News
April 10, 2025
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.
News
April 09, 2025
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. “What we learned from Covid is that energy demand is pretty resilient,” said one executive.
News
April 08, 2025
Enverus Intelligence® Research (EIR) has released a new report finding that recent oil price weakness and U.S. trade tensions will only marginally slow down growth for the Canadian oil sands region; significant brownfield expansions and economic viability remain.
News
April 03, 2025
Kongsberg Maritime has secured a contract to supply an integrated package of equipment for a new Offshore Support Vessel (OSV) being built for ship owner DOF. The vessel will operate offshore Newfoundland, known for its harsh environmental conditions.
News
March 19, 2025
CEOs representing Canada’s energy industry sent a letter to Canadian federal political leaders outlining an urgent action plan to strengthen the nation's economic sovereignty through rapid regulatory restructuring and investment in oil and natural gas infrastructure.
News
March 10, 2025
A Poland shipyard has ordered 6 × MAN 12V175D high-speed variable speed engines in connection with the construction of an OSV (Offshore Support Vessel) for DOF. Named ‘Sea Dragon’, the OSV is set to assist operations off the coast of Newfoundland, Canada.
News
March 10, 2025
Whitecap Resources and Veren today announced a strategic combination to create a leading light oil and condensate producer with concentrated assets in the Alberta Montney and Duvernay. The all-share deal holds a value of approximately $15 billion CAD ($10.4 billion USD), and the combined company will be the largest Alberta Montney and Duvernay landholder.
Article
February 2025
It’s been an odd start to 2025. Amid stronger underlying factors, the Canadian oil patch normally would be gearing up to bolster production. But with the federal government in disarray amid threats of a damaging trade war from the U.S., uncertainty remains the only constant.
News
February 26, 2025
Vermilion Energy Inc. has closed its previously announced acquisition of Westbrick Energy Ltd. The acquisition adds stable annual production of 50,000 boed (75% gas, 25% liquids) and approximately 770,000 net acres in Alberta's Deep Basin.
News
February 14, 2025
Energy NL joins members of the energy sector in remembering the tragic sinking of the Ocean Ranger on Feb. 15, 1982. “Reflecting on the 43rd year since the tragic loss of 84 crew members of the Ocean Ranger, we are once again reminded of the harsh realities of working offshore," said Charlene Johnson, Energy NL CEO.
Article
January 2025
A specially designed refrac system enables operators to re-enter vertical or horizontal wells by enabling exact placement of stimulation treatments in one continuous pumping operation, saving operators time and money.
News
January 31, 2025
Ovintiv has closed its previously announced acquisition of certain Montney assets from Paramount Resources Ltd. The acquisition adds approximately 70 thousand barrels of oil equivalent per day (MBOE/d) of production.
News
January 29, 2025
DEEP Earth Energy Production Corp. (DEEP) has announced a strategic collaboration with SLB to drive the development of Canada's first next-generation geothermal project, located in southeast Saskatchewan.
News
January 09, 2025
Energy NL has made a submission to the Government of Canada Gazette 1 consultation process, requesting that the federal government abandon its proposed 'Oil and Gas Sector Greenhouse Gas Emissions Cap Regulations.'
