Alberta’s new methane equivalency agreement-in-principle with the Canadian federal government is expected to provide regulatory certainty and support investment for methane-reduction technologies, say industry experts.

Despite near-term price volatility, which has driven prices higher due to the Middle East conflict, oil futures prices are expected to soften through the year, says Deloitte Canada in its latest energy, oil and gas price forecast released today.

Although increased merger and acquisition activity in 2025 could suggest a more active upstream market this year, higher commodity prices and the Mideast conflict could make it hard to get deals done, says a Deloitte Canada partner.

Vermilion Energy Inc. signed agreements in March to acquire certain producing assets in Germany from BEB Erdgas und Erdöl GmbH & Co. KG (BEB) and Mobil Erdgas-Erdöl GmbH (MEEG) in Germany, which are currently producing approximately 1,000 boe/d of low decline production (85 per cent natural gas), with an effective date of Jan. 1, 2025.