Cenovus Energy Inc.’s five-year investment to grow production across its upstream asset base is reaching a close, with incremental production of 150,000 boe/d set to be added by 2028.

After only a few months of operating the Duvernay assets officially acquired from Chevron Canada Limited in December 2024, Canadian Natural Resources Limited says it’s achieving strong production results and cost reductions.

Pembina Pipeline Corporation has entered into commercial agreements with a leading Montney producer covering Pembina’s full value chain, including transportation, fractionation and marketing services.

U.S. gas demand is growing quickly as new LNG export facilities and power plants come online, and industry will be challenged to expand supply to balance markets, according to executives from the country’s biggest independent gas producers.

Some large independent Permian oil producers are cutting capital expenditures, dropping rigs and sidelining frack crews as oil prices sink below $60/bbl headed into the summer months, executives announced in first quarter 2025 earnings calls.

Murphy Oil Corporation has tested a new completions method in the Tupper Montney that uses enhanced proppant loading.

Tourmaline Oil Corp. started 2025 with new highs in production, but prices will weigh on activity this quarter.

Enbridge Inc. reported first quarter 2025 earnings of $2.3 billion, up from $1.4 billion in the same quarter of 2025, on strong utilization across its pipelines and utilities businesses.

Pembina Pipeline Corporation says it has delivered a “very solid start” to the year and the company remains confident in the full year outlook and is currently trending towards the midpoint of its 2025 adjusted EBITDA guidance range of $4.2 billion to $4.5 billion.

Vermilion Energy Inc. saw production increase by 23 per cent in the first quarter of 2025, to just over 103,000 boe/d, driven by the close of the Westbrick acquisition in late February and with approximately one month of production contribution from Westbrick’s acquired assets.

The global energy transition has been picking up steam especially since the 2015 Paris Climate Agreement, and is expected to remain relatively robust despite the second Trump administration already adopting a slew of anti-climate/pro fossil fuel policies in the U.S. and China dominating renewables and cleantech industries in an increasingly geopolitically-charged world, according to highly respected analysts from many important energy forecasting organizations — including Oslo-based Rystad Energy and Edinburgh-based Wood Mackenzie.

Thompson Construction Group announces the appointment of Aaron Bishop as chief executive officer.

Drilling rig activity in Western Canada and the Top 10 active operators as of May 9, 2025, as reported this morning by Rig Locator.

The U.S. rig count is down six from last week to 578 with oil rigs down five to 474, gas rigs unchanged at 101 and miscellaneous rigs down one to three.

Rubellite Energy Corp. has budgeted to spend a total of $73 to $88 million for the remainder of the year, primarily on the exploration and development drilling program, excluding expenditures on land and abandonment and reclamation activities, which is unchanged from previous guidance.

During the first quarter Rubellite Energy Corp. acquired 3D seismic to advance the evaluation of an exploratory prospect in the Sparky formation at Greater Figure Lake to be drill ready later in 2025 or early 2026.

Surge Energy Inc.’s Q1/25 production averaged 23,567 boe/d (89 per cent liquids), more than 1,000 boe/d ahead of the company's budgeted average 2025 production estimate of 22,500 boe/d.

Duvernay Energy Corporation’s 2025 capital program of $75 million will continue production momentum in H2 2025 with an exit target of 6,000 boe/d.

Global oil benchmarks have softened in recent months in response to an accelerated OPEC+ supply outlook and evolving U.S. trade policy.

Petrus Resources Ltd. invested $17.3 million in capital during the quarter.

Greenfire Resources Ltd. says its production for the second quarter, to date, is about 15,650 bbls/d due to steam generation downtime and base production declines at the Expansion Asset.

Greenfire Resources Ltd. said Derek Aylesworth did not stand for re-election to the board of directors at the company’s annual meeting on May 6, 2025.

PHX Energy Services Corp.’s supply chain and procurement team has been actively monitoring tariffs and working on strategies to help mitigate their impact.

InPlay Oil Corp. has approved an updated capital program of $53–$60 million for 2025, following the acquisition of Cardium light oil focused assets in the Pembina area.

Unifor is raising “serious concerns” about the sale of one of British Columbia's last remaining oil refineries to American energy giant Sunoco.