Multinational oil companies with massive databases built over decades are increasing investments in AI tools with the goal of speeding and improving decision-making from exploration through to product marketing.

Tourmaline Oil Corp. is forecasting $2.9 billion in E&P capital expenditures for 2026, but spending is flexible depending on natural gas prices, say executives, who see support from LNG demand.

Governments across Canada issued 656 licences in October, a decrease of 14 per cent from 759 a year ago.

Drilling rig activity in Western Canada and the Top 10 active operators as of Nov. 21, 2025, as reported this morning by Rig Locator.

The Impact Assessment Agency of Canada (IAAC) assessed the Greenlight Electricity Centre Project, a new power generating facility fuelled by natural gas, located 47 kilometres northeast of Edmonton, and determined that its potential adverse effects within federal jurisdiction would be limited or addressed through other means.

Coelacanth Energy Inc. is continuing to work through its business plan of delineating and developing its large Montney resource base at Two Rivers that encompasses over 150 contiguous sections of Montney land tenure.

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

Prospera Energy Inc. says it has completed three major pipeline infrastructure projects across its core Cuthbert and Hearts Hill fields.

Pine Cliff Energy Ltd. has completed the disposition of certain assets in the Central area for gross cash proceeds of $15.0 million before closing adjustments.

Cenovus Energy Inc. has completed a public offering in Canada and the United States of $2.6 billion in senior notes.