Canadian Natural Resources Limited remains focused on executing on its 2026 capital budget despite geopolitical tensions causing oil and gas prices to wildly gyrate, president Scott Stauth said at its year-end 2025 earnings call.
A mix of asset acquisitions and organic growth resulted in Canadian Natural Resources Limited reporting a big jump in both proven and probable reserves in 2025, chief operating officer for exploration and production Robin Zabek said at its year end 2025 earnings call.
Tourmaline Oil Corp. is lowering its exploration and production (EP) capital expenditure program, citing local gas prices as a factor in the move.
Tourmaline Oil Corp. says there are several “potential high impact” exploration and delineation wells planned in its 2026 E&P program.
South Bow Corporation said on Thursday it has launched an open season to solicit binding commitments for long-term firm transportation service from Hardisty, Alta. to multiple U.S. delivery points, including Cushing, Okla., and destinations on the U.S. Gulf Coast.
Sustained strength in oil prices could prompt Baytex Energy Corp. to increase production, with management set to decide through spring breakup, the company’s president and chief operating officer says.
A combination of strong Deep Basin well results, the return of previously shut-in production, and record Montney performance drove a significant increase in production in Canada for Vermilion Energy Inc. in the fourth quarter of 2025.
Vermilion Energy Inc.’s president and CEO Dion Hatcher said the company’s realized gas price of $5.50/mcf after hedging in Q4 2025, or double the AECO benchmark, reflected direct European gas exposure and also benefited from enhanced market diversification in Canada and a sophisticated hedging program.
Derek Evans has been appointed as the next board chair of AltaGas Ltd.
The National Energy Corridor agreement, a cross-Canada partnership between 10 provinces and territories, aims to accelerate the building of new transmission infrastructure and expand electricity trade within the country.
Pine Cliff Energy Ltd.’s board of directors has approved a 2026 capital expenditure budget of $15.2 million, including $6.5 million of abandonment and reclamation spending, facility maintenance spending and the completion costs for one gross (1.0 net) Glauconite well drilled in late 2025.
Advantage Energy Ltd.’s 2026 drilling program is Glacier-focused, delivering production growth of approximately six per cent and DCET capital efficiencies trending below $8,000/boe/d.
Yangarra Resources Ltd.’s board of directors has approved a capital budget of $60 million for 2026, which is intended to hold production at 10,000 boe/d.
Prime Minister Mark Carney and Alberta Premier Danielle Smith have released a draft co-operation agreement between Alberta and Canada on environmental and impact assessment, which will be consulted on for a 21-day period.
Drilling rig activity in Western Canada and the Top 10 active operators as of March 6, 2026, as reported this morning by Rig Locator.
The U.S. rig count is up one from last week to 551 with oil rigs up four to 411, gas rigs down two to 132 and miscellaneous rigs down one to eight.
Canada and Japan have signed new comprehensive strategic partnership across defence, energy, critical minerals, trade and technology.