U.S. gas operators are committing a share of their future production in long term deals to supply growing demand from new LNG exports and data centres, but only if the deals come with upside exposure on pricing, executives said during second quarter 2025 earnings calls. 

In mid-year updates to their guidance for 2025, several producers announced they are decreasing capital spending budgets but increasing their production outlooks for the year.

North American Construction Group Ltd. (NACG) saw its second quarter 2025 revenue from Canadian heavy equipment operations increase 20 per cent to $147.4 million from $122.8 million, due to increased reclamation activities and the ramp-up of a stream diversion project.

Cerebre, an industrial intelligence technology provider, and Exxon Mobil Corporation have signed a long-term agreement to accelerate and sustain ExxonMobil’s “foundational digital backbone.”

Highwood Asset Management Ltd. says it kicked-off its second-half drilling program in mid-June, spudding the 00/13-15-048-14W5 unbooked well in the Basal Belly River sand at Brazeau.

Gibson Energy Inc. has agreed to issue $375 million of 4.45 per cent senior unsecured notes due Aug. 20, 2032.

Obsidian Energy Ltd. issued a notice to holders of its 11.95 per cent senior unsecured notes due July 27, 2027 of its election to redeem, on a pro rata basis, $30.0 million of the $110.8 million aggregate principal amount of the notes currently outstanding.