ARC Resources Ltd. has entered into a definitive arrangement agreement with Shell plc and Shell Canada Limited whereby Shell has agreed to acquire all of the issued and outstanding common shares of ARC in a cash and share transaction valued at approximately $22 billion, including assumed net debt.

Here are top upstream deals by deal value in Canada for 2025/2026, courtesy of Evaluate Energy.

The fast-tracking of natural resource projects is about to gain momentum, with Energy Minister Tim Hodgson announcing that between five and 10 major projects are expected to be underway by spring 2027.

Electricity is becoming as important to Alberta’s economy as oil and gas, says Matthew Davis, vice-president of regulatory, policy and government relations at Capital Power Corp., with artificial intelligence data centres driving a surge in power demand — creating a new opportunity for the province’s natural gas sector.

At Alberta’s April 22 land sale, over half of the sales proceeds came from Sylvan Lake postings, presumably driven by Duvernay interest.

AKITA Drilling Ltd. will acquire all of Paramount Resources Ltd.’s interests in its Fox Drilling subsidiary for 19,264,270 voting common shares of AKITA.

On April 22, 2026, the Alberta Energy Regulator (AER) issued an order requiring MAGA Energy Ltd. to suspend its operations.

Questerre Energy Corporation provided a clarification late Friday to its previously disclosed estimated production following the disposition of its Kakwa Central assets.

Canadian crude exports by rail declined in February, new data from the Canada Energy Regulator (CER) show.