OPEC+ is opening up the taps, increasing global oil supply, but the production jump should have minimal impacts on heavy oil differentials the remainder of the year, Cenovus Energy Inc. executive vice-president Geoff Murray said at the company’s second quarter 2025 earnings call.
Enbridge Inc.’s 30 per cent share of construction costs at the Woodfibre LNG project have nearly doubled from its original forecast of US$1.53 billion to $2.9 billion, the company reported during its third quarter earnings call.
In the Pembina Duvernay, Baytex Energy Corp. achieved the highest 30-day peak oil rates recorded in the West Shale Basin during its second quarter 2025.
Baytex Energy Corp. delivered two new refracs in the Lower Eagle Ford in the second quarter of 2025 at half the cost of new wells and extending inventory duration.
Canada’s energy regulators are quietly changing the way oil and gas companies approach older assets.
Strong global export interest, including new agreements that exceed 2027 targets for AltaGas Ltd., has the company looking at optimization opportunities at a facility currently under construction.
Imperial Oil Limited completed construction and commissioning during the second quarter at Canada’s largest renewable diesel facility, located at the company’s Strathcona refinery, and started production in July.
Fiddlehead Resources Corp. says that the Alberta Energy Regulator (AER) has completed its review of the Directive 088 transfer application related to the well, facility, and pipeline licenses acquired as part of the previously announced Ferrier acquisition.
InPlay Oil Corp. says that Obsidian Energy Ltd. has entered into a definitive agreement with Delek Group Ltd. on the sale of all 9,139,784 common shares in the capital of InPlay currently held by Obsidian.
Effective Aug. 1, 2025, Melanie Debassige will act as chair of the board of directors of the Canada Energy Regulator (CER).