In 2025, a total of 13,295 UWIs were spudded across B.C., Alberta, Saskatchewan and Manitoba, of which 7,985 (~60%) were brought on production by year-end. Heavy oil plays (notably the Clearwater and Mannville formations) accounted for about 43% of all UWIs spudded, reflecting extensive use of multi-lateral horizontal drilling.

Tim Hodgson, Canada’s minister of energy and natural resources, told delegates at India Energy Week in Goa that he was attending the conference because “energy security is really rising to the forefront of how we move forward globally right now,” with Canada ensuring security in supplying oil, LNG and critical minerals to potential customers, including India.

Canadian renewable fuel consumption has been growing at a rapid rate in recent years on the back of government policies to reduce greenhouse gas emissions (GHG), but U.S. producers are continuing to benefit more than domestic ones from this consumption growth due to more generous and direct production incentives south of the border.

Canadian crude exports by rail rose in November 2025, new data from the Canada Energy Regulator (CER) show.

Coelacanth Energy Inc.’s of directors approved the granting of incentive stock options under its stock option plan.