The federal government is improving its permitting processes, but without a more competitive investment environment for upstream production growth, it doesn’t matter much, Enbridge Inc. chief executive officer Greg Ebel said at its first quarter 2026 earnings call this morning.
The federal government says it will engage with Indigenous peoples, provinces and territories, and the Canadian public on potential changes that would ensure federal reviews and decision-making timelines take no longer than one-year, once all information from the project proponent has been received.
Tourmaline Oil Corp.’s top executive is seeing increased LNG-related interest, including more inquiries about supply deals for liquefaction facilities, and he hopes Shell plc’s acquisition of ARC Resources Ltd. helps advance LNG Canada Phase 2.
Tourmaline Oil Corp. posted record production in the first quarter of 2026, but is choking back wells due to weak natural gas prices.
Suncor Energy Inc. says it is capitalizing on global export sales opportunities while continuing to deliver more domestic volumes through retail growth and strategic partnerships.
Construction and commissioning are complete and drilling is underway at the West White Rose field offshore Newfoundland, Cenovus Energy Inc. chief operating officer Andrew Dahlin said on the company’s first quarter 2026 earnings call.
Enbridge Inc. continued moving its massive backlog of secured and unsanctioned projects through its gating process in the first quarter of 2026, including expansion projects on the Mainline to add oil egress out of Western Canada.
Baytex Energy Corp. is raising its 2026 production guidance and three-year growth outlook.
Baytex Energy Corp. said it intends to advance planning over the next 12 months for its Gemini thermal SAGD project, with a potential final investment decision in 2027.
Ensign Energy Services Ltd. saw a 15 per cent decrease in its total operating days in Canada during the first quarter of 2026 (3,408 operating days), compared with Q1 2025 (4,003 operating days).
Ensign Energy Services Inc. owns two of the four rigs currently operating in Venezuela, and president and chief operating officer Bob Geddes says the company expects to add a third rig by the end of 2026.
South Bow Corporation recorded first-quarter 2026 average throughput of approximately 616,000 bbls/d on the Keystone Pipeline due to strong operational performance, including a system operating factor (SOF) of 95 per cent.
Obsidian Energy Ltd. plans a “material increase” to its 2026 capital budget in the second half as it looks to add incremental high-netback, oil-weighted volumes after the disposition of its Pembina asset in April 2025.
Murphy Oil Corporation in the first quarter of 2025 progressed drilling on an eight-well pad at Tupper Montney with wells expected to come online in the third quarter of 2026.
Drilling rig activity in Western Canada and the Top 10 active operators as of May 8, 2026, as reported this morning by Rig Locator.
The U.S. rig count is up one from last week to 548 with oil rigs up two to 410, gas rigs down one to 129 and miscellaneous rigs unchanged at nine.
Kelt Exploration Ltd. is increasing its 2026 capital expenditure program from $355.0 million to $375.0 million.
Surge Energy Inc.’s strong drilling and waterflood results in the company's Sparky and SE Saskatchewan core areas continue to drive production outperformance.
Athabasca Oil Corporation says its $300-million expansion project at Leismer is on-track to reach production of 40,000 bbls/d in late 2027.
Duvernay Energy Corporation (DEC) has increased its 2026 capital program to $79 million to include an additional three-well pad (100 per cent working interest) along with operational readiness for activity in 2027.
Tidewater Midstream and Infrastructure Ltd. consolidated net loss attributable to shareholders was $27.1 million for the first quarter of 2026 compared to a consolidated net loss attributable to shareholders of $31.8 million for the first quarter of 2025.
Revenues for the three months ended March 31, 2026 were $121.5 million, reported FLINT Corp., representing a decrease of $16.4 million or 11.9 per cent from the same period in 2025.