Ovintiv Inc. completed this week its US$2.7-billion acquisition of NuVista Energy Ltd., with the deal adding 140,000 net core acres and over 900 potential drilling locations in the liquids-rich window of the Alberta Montney.

Suncor Energy Inc. reported record bitumen production of almost 993,000 bbls/d in the final quarter of 2025, driven by continuous improvements in its mining performance, company executives said at its earnings call.

Trans Mountain Corporation has filed for regulatory approval for a $9-million drag reducing agent project that would increase capacity on the line by 10 per cent.

The Feb. 3, 2026 Saskatchewan land sale generated $7.01 million, an average of $414.46/ha.

Petrus Resources Ltd. has entered into a definitive agreement to acquire operated, oil-weighted Cardium light oil assets in the Harmattan area of central Alberta from a third-party vendor for total consideration of approximately $33.4 million.

Calfrac Well Services Ltd. has appointed Tyler Dahlseide as chief executive officer, effective Feb. 4, 2026.

Chevron Corporation announced several senior leadership changes.

Working gas in storage was 2.463 tcf as of Jan. 30, 2026, according to Energy Information Administration (EIA) estimates.