Canada’s three biggest oilsands producers are going to need to see higher long-term futures prices before they adjust any capital plans to bring forward production, executives said on first quarter earnings calls.
Oil supply disruptions in the Middle East are allowing integrated oilsands operators to capture significant revenue increases both in upstream and downstream operations, company executives reported at first quarter 2026 earnings calls.
The federal government plans to double power generation in Canada over the next 25 years, while also meeting its net zero targets in the same timeframe, Prime Minister Mark Carney said this morning during an announcement of his government’s National Electricity Strategy.
Keyera Corp.’s top executive said he sees Shell plc’s acquisition of ARC Resources Ltd. as a positive for West Coast LNG exports but laments the loss of Calgary-based ARC.
Baytex Energy Corp. says one of its strategic priorities is achieving full-scale development in the Duvernay, with a production target of 20,000–25,000 boe/d by 2029-2030.
The British Columbia government is investing $241 million over three years to fund new trades training seats at learning institutions around the province.
Peyto Exploration and Development Corp. is maintaining its planned capital program for 2026, but is adjusting its drilling targets to capitalize on higher NGL prices, president and chief executive officer JP Lachance said on its first quarter 2026 earnings call.
Higher realized gas prices resulted in Birchcliff Energy Ltd. seeing significantly improved financial results in the first quarter of 2026 compared to the same period last year.
Whitecap Resources Inc. has appointed Joey Wong as president.
Working gas in storage was 2.290 tcf as of Friday, May 8, 2026, according to Energy Information Administration (EIA) estimates.
Freehold Royalties Ltd. production averaged 15,533 boe/d during the first quarter of 2026 reflecting the moderated activity levels in the latter half of 2025 when benchmark crude oil pricing in the fourth quarter averaged $59.14 US$/bbl.
Hydrostor has announced the development of an advanced compressed air energy storage (A-CAES) project in Greater Napanee, Ont. — the Quinte Energy Storage Centre.