Suncor Energy Inc. is on target with its three-year plan to bring its Fort Hills production up to nameplate capacity while cutting cash costs at the mine, company executives said at its second quarter 2025 earnings call.
Suncor Energy Inc.’s ongoing efforts to drive efficiencies during turnarounds at its oilsands and refining operations are exceeding expectations, president and chief executive officer Rich Kruger said at its second quarter earnings call.
The Alberta government brought in $20.44 million at its Aug. 6 land sale.
Despite a turnaround at the Athabasca Oil Sands Project, Canadian Natural Resources Limited increased production in the second quarter year over year as it focused activity on its conventional assets.
South Bow Corporation says total costs related to an oil release in April on its Keystone pipeline — inclusive of the response, repair and cleanup — will be approximately $60 million.
When cleantech venture capital fund Evok Innovations was founded in 2016, it rose on the tide of a greater commitment to energy transition concerns within the energy industry.
Construction on the West White Rose Project offshore Newfoundland is 92 per cent complete, with drilling expected to begin by year-end and first oil forecast in the second quarter of 2026, Cenovus Energy Inc. president and chief executive officer Jon McKenzie said at its second quarter 2025 earnings call.
The Ontario government, in co-operation with Alberta and Saskatchewan, has issued a request for proposals (RFP) to conduct a feasibility study exploring options for establishing a new economic and energy corridor.
ConocoPhillips reported that Canadian production climbed to 191,000 boe/d in the second quarter of 2025 from 176,000 boe/d during the same period of 2024.
Rubellite Energy Corp. is actively advancing several opportunities to increase the economic recovery factor for heavy oil at Figure Lake beyond the average anticipated primary recovery factor of approximately 4.0 to 5.5 per cent of the original oil in place.
For the second half of 2025, Rubellite Energy Corp. has budgeted to spend a total of $54.0 to $64.0 million on its exploration and development drilling program, excluding expenditures on land and abandonment and reclamation activities, bringing the total for the year to a range of $100 to $110 million which compares to previous guidance of $95 to $110 million.
Total Energy Services Inc. is lifting its capital spending outlay for 2025 by $19.5 million to $102.4 million.
The top executive at Trican Well Service Ltd. is expecting a steady end to 2025 and sees positive signals as he looks ahead to 2026.
Lotus Creek Exploration Inc. has appointed Mitchell Harris as its chief financial officer and vice-president, finance.
In July, Lotus Creek Exploration Inc. started its Belly River drilling program in Central Alberta.
Greenfire Resources Ltd. has appointed Travis Belak as vice-president, finance.