Canadian Natural Resources Limited’s product mix, cost structure, and market diversification efforts have positioned it to ride out bottoms in commodity cycles or any unexpected events causing market volatility, according to chief commercial officer and corporate development officer Ron Laing.
As U.S. shale plays mature, more operators are testing horseshoe or other alternative well designs to maximize reservoir exposure and save costs in developed areas with limited space to drill longer laterals.
With low and sometimes negative AECO and Station 2 gas prices throughout the third quarter, some WCSB operators reported shutting in significant gas volumes, either to take advantage of market opportunities or to protect cash flows and reserves.
An expected LNG supply glut in the near term as new projects come onstream will lower prices, but longer term the market will rebalance and grow out to 2050, according to the International Energy Agency’s (IEA) World Energy Outlook 2025 report released Wednesday.
Alberta Innovates’ Bitumen Advanced Materials (BAM) — formerly known as Bitumen Beyond Combustion (BBC) — program has been promoting and supporting projects to develop technologies to convert oilsands components into non-combustion products, such as carbon fibre, asphalt binder, activated carbon and other high value carbon materials, since its conception in 2016.
China’s control of critical mineral supply chains is a major energy security risk and competing supply chains are needed to ensure access of materials needed for electrification and other projects, according to the International Energy Agency’s (IEA) chief economist Tim Gould.
Cenovus Energy Inc. has closed its acquisition of MEG Energy Corp.
Energy companies installing methane reduction technologies at well sites, pipelines, and facilities in Alberta are receiving new support from the province.
Ksi Lisims LNG is on the list of the second tranche of projects being referred to the Major Projects Office (MPO), the federal government announced.
Murphy Oil Corporation attributed part of its third quarter of 2025 operational performance to results in the Tupper Montney, a play that’s hosted some of the best wells the company has brought online, according to an executive.
Birchcliff Energy Ltd. expects to reduce its average well cost by approximately 10 per cent year-over-year, to approximately $6.9 million per well in 2025 from about $7.6 million per well in 2024.
Birchcliff Energy Ltd. is currently targeting an increased F&D capital budget of $325–$375 million for 2026, based on its preliminary budgeting process for 2026.
InPlay Oil Corp. continued to build on the momentum generated by its April 7, acquisition of Cardium-focused light oil assets in the Pembina area of Alberta.
Global oil market balances are looking increasingly “lopsided,” according to the International Energy Agency (IEA) in its latest oil market update, as world oil supply is forging ahead while oil demand growth remains modest by historical standards.