With MEG Deal Complete, Cenovus Ready To Execute Plan
Cenovus Energy Inc. closed the acquisition of MEG Energy Corp. in November, ending a months-long public battle with Strathcona Resources Ltd. for ownership of its SAGD assets.
Cenovus Energy Inc. closed the acquisition of MEG Energy Corp. in November, ending a months-long public battle with Strathcona Resources Ltd. for ownership of its SAGD assets.
Indigenous-led development sets a new standard for the industry with outcomes that benefit everyone involved but earning true consent from a community takes time and a lot of hard work, an Indian Resource Council conference heard recently.
The proponents of any new West Coast oil pipeline project need to educate and reassure First Nations communities across the region that every safety aspect will be studied before they are prepared to support it, says a coastal First Nations leader.
Gas producers should enjoy near term higher prices as LNG Canada provides a new outlet for production, but the uplift will be tempered later in the decade by an LNG supply overshoot capping global prices, BMO Capital Markets analyst Randy Ollenberger said at Enserva’s State of the Industry event last week.
For carbon capture to see wide-scale adoption, its related costs need to be addressed.
Gridiron Drilling Services Partnership, an Alberta-based provider of rathole drilling and support services, announced the acquisition of Ironhorse Drilling Services and Torque Rathole Drilling Inc., two established operators serving Western Canada’s upstream oil and gas industry.
Questerre Energy Corporation announced plans to consolidate the remaining common equity interest in Red Leaf Resources, Inc. through an exchange of Red Leaf common shares for Class A common voting shares of Questerre.
Royal Helium Ltd. and its subsidiaries have exited the proceedings under the Companies' Creditors Arrangements Act (CCAA) pursuant to the closing of a reverse takeover transaction by Keranic Industrial Gas Inc. under an amalgamation agreement dated Sept. 25, 2025 among the target companies, Keranic, 102218166 Saskatchewan Ltd. (ResidualCo) and 102218200 Saskatchewan Inc. (Subco).
Alvopetro Energy Ltd.’s wholly-owned subsidiary, Alvopetro S.A. Extração de Petróleo e Gás Natural, has entered into a US$20 million loan agreement with Itaú BBA International plc.
Phillips 66 has closed the sale of a 65 per cent interest in its Germany and Austria retail marketing business to a consortium owned by subsidiaries of Energy Equation Partners and Stonepeak.