Canada upstream news
Ovintiv acquires Montney assets from Paramount
Ovintiv Inc. has announced it has entered into a definitive purchase agreement to acquire certain Montney assets from Paramount Resources Ltd. in an all-cash transaction valued at approximately US$2.377 billion.
Epsilon announces entry into the province of Alberta through two joint ventures
Epsilon Energy Ltd. has reported the signing of definitive agreements to form a joint venture in the Garrington and Harmattan areas of Alberta, Canada, in the Western Canadian Sedimentary Basin.
Chevron announces US$6.5 billion sale of its interests in the Athabasca Oil Sands Project and Duvernay shale
Chevron Canada Ltd has announced that it and a related entity have agreed to sell their interests in the Athabasca Oil Sands Project and the Duvernay shale to Canadian Natural Resources Ltd.
Worley awarded field construction contract by Imperial
Worley has been awarded a field construction contract by Imperial Oil Resources Limited related to the in-pit tailings infrastructure project at the Kearl oil sands facility in Alberta, Canada.
Suncor Energy announces restart of production at Terra Nova
Suncor Energy has announced that the Terra Nova floating, production, storage and offloading vessel has safely restarted following the completion of the Terra Nova asset life extension project.
TotalEnergies completes sale of upstream Canadian assets to Suncor
The company has completed the sale of the entirety of the shares of TotalEnergies EP Canada Ltd. to Suncor, comprising its participation in the Fort Hills oil sands asset and associated midstream commitments.
Pantheon Resources accepts lease award
The company has accepted the award by the State of Alaska Department of Natural Resources (DNR) for the 39 540 acres that it was the successful bidder of in last year’s state lease sale.
Canadian oil sands production outlook has been raised
The S&P Global Commodity Insights has raised its 10-year production outlook for Canadian oil sands for first time in more than half decade.
Bay du Nord project approved by Canadian government
Equinor and partner Cenovus Energy have not yet made a final investment decision on whether to build the Bay du Nord offshore project.
Exxon contracts Stena Forth for drilling offshore Canada
The operations are due to commence in 2H22, offshore Eastern Canada for the drilling of one firm well.