With new governments in the U.S. and Canada, Enbridge Inc. is optimistic longstanding issues slowing pipeline and facility permitting will be solved, allowing it to take advantage of growing export demand.
Plans to grow capacity on Enbridge Inc.’s Mainline to move an additional 150,000 bbls/d of Canadian oil production to the U.S. Gulf Coast are advancing, with a final investment decision expected later this year.
If Tamarack Valley Energy Ltd. engages in mergers and acquisitions, it will likely be a strategic tuck-in, according to a company executive.
Pembina Pipeline Corporation currently does not expect any material near-term impact to its business from tariffs on U.S. energy imports, particularly as it relates to the outlook for 2025, given the highly contracted, take-or-pay nature of its business.
Pembina Pipeline Corporation says it continues to evaluate the “various options” available to meet its ethane supply commitment under the agreement with Dow Chemicals Canada after Dow announced recently it was delaying its integrated ethylene cracker and derivatives facility in Fort Saskatchewan, a project dubbed Path2Zero.
The Alberta government is freezing its industrial carbon tax at $95 per tonne in an effort to help industry remain competitive and maintain jobs in light of U.S. tariffs and the new administration’s efforts to cut environmental legislation.
The Canadian energy sector is responding to market volatility and commodity price uncertainty with cautious and varied capital spending strategies.
Whitecap Resources Inc. announced the successful closing of its strategic combination with Veren Inc.
Whitecap Resources Inc. has entered into two agreements to dispose of certain non-strategic assets for aggregate consideration of $270 million, prior to any closing adjustments.
Vermilion Energy Inc. brought into production its first deep gas exploration well in Germany in the first quarter 2025, as well as confirmed a large resource base with significant follow-up drilling opportunities.
Journey Energy Inc. plans capital spending of $55 million in 2025, up from the previous guidance of $50 million.
Cardinal Energy Ltd. says its first thermal oil project at Reford, in southwest Saskatchewan, is now 85 per cent complete.
New contract awards and renewals for FLINT Corp. totaled approximately $78.0 million for the three months ended March 31, 2025 and $7.4 million for the month of April.
Total Energy Services Inc. reported $34.5 million of capital expenditures during the first quarter, including $16.6 million of capital commitments from 2024 that related primarily to the upgrade of several Australian drilling and service rigs.
Pieridae Energy Limited has changed its name to Cavvy Energy Ltd.