The proposed acquisition of MEG Energy Corp. by Cenovus Energy Inc. delivers unique synergies, which allows the company to create value due to the nearby location of the assets, says Cenovus Energy’s top executive.

Cenovus Energy Inc. has entered into a definitive arrangement agreement to acquire MEG Energy Corp. in a cash and stock transaction valued at $7.9 billion, inclusive of assumed debt.

Alberta expects to have a proposal for a new bitumen pipeline to the West Coast in front of the federal government’s new major project office by late fall, with full details on the project ready by next spring, Premier Danielle Smith said at the Canadian Energy Executive Association’s (CEEA) annual Business Forum at Banff.

Data analytics, machine learning, and artificial intelligence are being integrated across Chord Energy’s business, with the goal being to drive more efficiencies in its Bakken oil assets, chief executive officer Danny Brown said at its second quarter 2025 earnings call.

EOG Resources Inc. is taking its unconventional resource experience overseas, announcing a deal to explore and appraise a 900,000 acre oil prospect in the UAE in the second quarter.

The Edmonton Region Hydrogen Hub has a vision in place. Now it’s time to make it happen, says its leader.

Drilling rig activity in Western Canada and the Top 10 active operators as of Aug. 22, 2025, as reported this morning by Rig Locator.

The U.S. rig count is down one from last week to 538 with oil rigs down one to 411, gas rigs unchanged at 122 and miscellaneous rigs unchanged at five.

Tuktu Resources Ltd. continues to advance its new light oil play within the upper Banff and Big Valley formations.

ATCO Ltd. subsidiary Canadian Utilities Limited has received approval from the Alberta Utilities Commission (AUC) on the need assessment application for the Yellowhead Pipeline Project.