Once burned, twice shy, Enbridge Inc. is not interested at this time in developing a new West Coast oil pipeline, says its CEO.

Alberta and federal officials are continuing to work toward an April 1, 2026, deadline on a range of issues laid out in their memorandum of understanding signed late last year, which committed them to work toward building an oil pipeline to the West Coast.

Increased utilization with apportionment of the Enbridge Inc. Mainline indicates a continued need for Canadian heavy crude on the Gulf Coast, even with additional Venezuelan barrels, say company executives.

A sizeable Duvernay posting at Niton — pushing the Duvernay land grab further north than was seen in 2025 — was a highlight of Alberta’s Feb. 11 land sale, which saw widespread activity across the province.

TC Energy Corporation is fine-tuning its cost estimation process in the hopes of freeing up capital held in contingency funds that could be put to work building projects faster, president and chief executive officer François Poirier said its fourth quarter earnings call. 

Precision Drilling Corporation’s strategic priorities for 2026 are to drive revenue growth and deepen customer relationships, with the company’s chief executive Carey Ford saying this would be how Precision “differentiates itself.”

South Bow Corp. says a “complex set of unique circumstances” resulted in an oil release at Milepost 171 (MP-171) of the Keystone Pipeline on April 8, 2025, near Fort Ransom, N.D.

Ovintiv Inc. entered into a definitive agreement to sell its Anadarko assets, located in Oklahoma, to an undisclosed buyer for cash proceeds of $3.0 billion.

Tuktu Resources Ltd. announced the appointment of Craig Wall as chief financial officer.