Release Date November 17, 2025 As outlined in Bulletin 2025-27 regarding the industry-wide closure spend requirements for 2026, a licensee’s mandatory closure spend will be adjusted upon approval of the licence transfer for the transferor and the transferee. We are revising the requirements in Directive 088: Licensee Lifecycle Management, which will affect licence transfer applications submitted on or after January 1, 2026. This adjustment will consider the inactive liability [Read more]
News
‘Weird and wonderful’ wells are boosting oil production in Alberta and Saskatchewan
Multilateral designs lift more energy with a smaller environmental footprint By Deborah Jaremko on November 18, 2025, 12:54 pm MST Multilateral well designs. Images courtesy Chinook Consulting Services A “weird and wonderful” drilling innovation in Alberta is helping producers tap more oil and gas at lower cost and with less environmental impact. With names like fishbone, fan, comb-over and stingray, “multilateral” wells turn a single wellbore from the surface into multiple [Read more]
EIA sees Alaska crude oil production rising 13% in 2026
Crude oil production from Alaska is forecast to reach 477,000 barrels per day (bpd) in 2026, the highest since 2018, the U.S. Energy Information Administration (EIA) said in its latest Short-Term Energy Outlook on Wednesday. The EIA said Alaska oil production is expected to rise 13%, or 55,000 bpd, marking the largest annual increase since the 1980s. The growth is being driven by two projects on the North Slope. ConocoPhillips' Nuna project, which began production in December 2024, is [Read more]
US crude stocks fall on higher demand, fuel inventories rise, EIA says
U.S. crude stocks fell as refining and export demand rose, while gasoline and distillate inventories rose last week, the Energy Information Administration said on Wednesday. Crude inventories fell by 3.4 million barrels to 424.2 million barrels in the week ended November 14, the EIA said, compared with analysts' expectations in a Reuters poll for a 603,000-barrel draw. Crude stocks at the Cushing, Oklahoma, delivery hub dropped by 698,000 barrels in the week, the EIA said. U.S. crude [Read more]
US, Saudi tout new business deals at investment forum
Saudi and U.S. officials on Wednesday touted billions in new investments and growing financial ties between the two countries coinciding with Saudi Arabian Crown Prince Mohammed bin Salman's visit to Washington. The CEOs from Chevron, Qualcomm, Cisco, General Dynamics and Pfizer are attending the U.S.-Saudi Investment Forum at the Kennedy Center in Washington, according to the event's program, as well as senior executives from IBM, Alphabet's Google, Salesforce, Andreessen Horowitz, Boeing, [Read more]
Saudi Arabia to sign $30 billion worth of energy deals with US, says Aramco CEO
Saudi Arabia will sign energy sector agreements with the U.S. worth $30 billion, the CEO of Saudi state oil giant Aramco, Amin Nasser, said on Wednesday in comments carried by Saudi state TV. His comments came during the U.S.-Saudi investment forum, being held in Washington. (Reporting by Yomna Ehab; and Elwely Elwelly; wriitng by Muhammad Al Gebaly) [Read more]
US natural gas futures climb 4% on near-record LNG flows and cold December forecast
U.S. natural gas futures climbed about 4% on Wednesday on near-record flows to liquefied natural gas export plants and forecasts for higher demand than previously expected as the weather turns colder than normal going into December. Front-month gas futures for December delivery on the New York Mercantile Exchange rose 16.8 cents, or 3.8%, to $4.539 per million British thermal units (mmBtu) by 9 a.m. EST (1400 GMT). LSEG said average gas output in the Lower 48 states rose to 109.1 billion [Read more]
Saudi Arabia crude exports rise to seven-month high in September
Saudi Arabia's crude oil exports hit a seven-month high in September, data from the Joint Organizations Data Initiative (JODI) showed on Wednesday. Crude exports from the world's largest oil exporter increased to 6.460 million barrels per day (bpd), slightly higher than August's 6.407 million bpd, and their highest level since February. Saudi Arabia's crude output, meanwhile, touched a nearly two-and-a-half-year peak, of 9.966 million bpd in September, its highest since April 2023. Output [Read more]
Ovintiv’s Bold Bet on the Canadian Montney Completes a Dramatic Turn From the Prior 5 Years – StackDX Intel
It's been quite a year for Ovintiv. For much of the last 5 years, many wondered what would become of the company's Canadian assets. In 2019 the company (as Encana) announced it was moving its head office from Calgary to Denver and was changing its name to Ovintiv as part of a rebrand and would focus on its US assets in the Permian and other US basins. While the company never publicly wavered about its intentions in Canada, many in Calgary privately feared that the company had come to [Read more]
Cenovus Energy announces $2.6 billion offering of senior notes
The prospectus supplement, the corresponding base shelf prospectus and any amendment thereto in connection with the offering of Canadian Notes will be accessible through SEDAR+ within two business days. CALGARY, Alberta, Nov. 18, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (“Cenovus”) (TSX: CVE) (NYSE: CVE) announced today that it has priced an offering of $2.6 billion in aggregate principal amount of senior unsecured notes. The notes offered are comprised of four tranches across Canadian [Read more]
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