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More Oil Sands Projects News
Cenovus Hits Production Milestone at Oil Sands Facilities; One Billion Barrels
Cenovus Energy Inc. has reached one billion barrels of cumulative production from its Foster Creek and Christina Lake oil sands facilities in northern Alberta. Cenovus is the first…
CNRL Hits One Billion Barrel Milestone at Athabasca Oil Sands Project
Canadian Natural Resources has achieved a mined production milestone of 1 billion barrels at its Athabasca Oil Sands project since operations began in 2003. Canadian Natural’s President Tim…
Husky Energy Upstream Production Down on Asset Sales
Increased production of 327,000 barrels of oil equivalent per day (boe/day) and steady refining throughputs contributed to funds from operations of $670 million and free cash flow of…
CNRL Horizon Project on Target for Phase 3 Expansion in Q4
Operations update for Horizon Oil Sands.
Asset Sales Bring Production Down for Husky Energy
About 27,000 boe/day sold in 2016 for gross proceeds of $1.3 billion.
Canada News
Western Canada Upstream M&A: Q1 2026 Transaction Report
Western Canadian M&A activity in Q1 2026 was characterized by a 87% decrease in total deal value compared to Q1 2025, totaling $0.8 billion C$. However, transaction volume…
Canadan E&P 2026 Program Calls for 448 Net Wells, Up 24% vs. 2025 Plan
Canadian Natural Resources outlined a 2026 operating capital budget of approximately $6.3 billion (total capital budget $6,425 million, including $125 million for carbon capture) targeting 1,590–1,650 MBOE/d of…
EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
The “~2.2 MMb/d glut in 2025” framing traces to the EIA’s Short-Term Energy Outlook (STEO), December 2025. EIA doesn’t usually write “glut” in the tables—what they publish is…
Whitecap Details 2026 Duvernay & Montney Program
Whitecap Resources reported strong third quarter 2025 operating and financial results, marking its first full quarter following the strategic combination with Veren that closed on May 12, 2025.…
ARC Resources: Lower 2026 Capex, Higher Volumes
ARC Resources used its third quarter update to reinforce a familiar message to Canadian E&P executives: disciplined capital, structurally better market access, and a growing shareholder return program…