Executives at LNG producers Woodside Energy Group Ltd. and Cheniere Energy, Inc. remain convinced LNG demand and supply will remain balanced over the next decade, supporting both prices and capacity expansions.

With limited egress out of other key gas supply basins like Appalachia and the Permian Basin, the Haynesville shale play straddling the Texas and Louisiana border will be relied upon heavily to meet surging gas demand for U.S. LNG exports the remainder of the decade, executives from pipeline giant The Williams Companies, Inc. said at their year-end earnings call.

Saturn Oil & Gas Inc. says it “safely and seamlessly” integrated the south Saskatchewan assets at Battrum/Flat Lake acquired last June into the portfolio during the latter half of 2024, with the company’s operations team “identifying and actioning” numerous synergies and efficiency capture opportunities.

Calfrac Well Services Ltd.’s chief executive abruptly resigned Friday, a day after the company reported Q4 financial results that were off from year-prior figures.

Timely regulatory course amid new AER appointment 

The rapidly evolving oil and gas industry faces mounting challenges, from rising operational costs to supply chain disruptions, environmental regulations and unpredictable weather conditions.

Cost and productivity are the foundation of success, especially in today’s uncertain world. This is particularly vital for Canadian organizations where productivity lags U.S. peers.

Kelt Exploration Ltd. reported an 11 per cent increase in proved developed producing (PDP) reserves in 2024, with total PDP reserves reaching slightly under 80 million boe at year-end.  

CNOOC Limited brought the Caofeidian 6-4 oilfield comprehensive adjustment project and the Wenchang 19-1 oilfield Phase II project onstream.