TC Energy Corporation is in the final stretch of developing an estimate for an expansion of throughput capacity on the pipeline that delivers gas to the LNG Canada project at Kitimat, B.C.
B.C. Premier David Eby and LNG Canada’s president and CEO Chris Cooper said they and the federal government are in the middle of talks regarding Phase 2 of LNG Canada, which would double the facility’s capacity to 28 million tonnes of LNG per year.
Tourmaline Oil Corp. has entered into a long-term LNG feed gas supply agreement with Uniper.
Precision Drilling Corporation plans to spend a total of $86 million on rig upgrades in 2025, including restoring $25 million in upgrades expenditure previously suspended in Q1 from its capital spending program, and adding another $15 million in upgrade investment.
Trican Well Service Ltd. experienced a surge of activity in June enroute to recording 142 more jobs last quarter than the same time in 2024.
Wildfires and turnarounds lowered Cenovus Energy Inc.’s second quarter 2025 upstream production, resulting in a dip in total revenues and net earnings.
While Gibson Energy Inc. saw overall throughput growth in its Infrastructure segment last quarter, the Trans Mountain expansion has contributed to lower volumes at its Hardisty terminal.
In total, 271 gross wells (1.7 net wells) were drilled on Freehold Royalties Ltd.’s royalty lands during the second quarter of 2025, a decrease of 16 per cent compared to the previous quarter primarily due to the impact of spring breakup in Canada.
Yangarra Resources Ltd. expects to restart its drill program in early August after electing to not drill any new wells in the second quarter due to weak AECO pricing and volatile WTI pricing.
During the second quarter, Cardinal Energy Ltd. invested $32.3 million into its Reford thermal project.
At Simonette, Gran Tierra Energy Inc.’s first two (1.0 net) Lower Montney wells were completed successfully and brought onstream on April 5, 2025.
Carbon Upcycling Technologies and Ash Grove, a CRH Company and one of North America's leading cement manufacturers, broke ground on Carbon 1 Mississauga, a Canadian first-of-its-kind commercial carbon capture and utilization facility at Ash Grove's cement plant in Mississauga, Ont.