Insight
Canada upstream in brief
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
What's inside this report?
- Corporate news: What’s caught the team’s attention in the headlines this month
- Deep dive: Expert analysis from our dedicated team on the most exciting developments in the sector – from M&A activity to new exploration to geopolitical developments
- What to watch: What to expect from the Canadian upstream sector over the next few months
Report summary
The Canada upstream in brief provides our expert opinion and analysis of the top upstream stories as they unfold. We have a dedicated team of experienced industry analysts covering all regions of Canadian upstream activity – Oil Sands, Western Canada Sedimentary Basin, Arctic, and offshore East Coast. We primarily focus on: exploration and appraisal drilling, project developments, production, licensing, fiscal and regulatory changes, geopolitics, and corporate and M&A activity.
Table of contents
- Recent insights
- Deal activity
-
Ksi Lisims LNG receives provincial environmental approval, moves toward FID
- Mark Bononi and Mark Oberstoetter , 9 September 2025
-
Strathcona amends bid higher for the contested MEG Energy
- Mark Oberstoetter , 9 September 2025
-
Equinor and BW Offshore sign agreement to progress design work of the Bay du Nord FPSO
- Mark Oberstoetter , 2 September 2025
-
In case you missed it: Duvernay key play updates
- Amanda Wu and Scott Norlin , 28 August 2025
-
MEG-A oil sands news: Cenovus moves to acquire MEG Energy
- Mark Oberstoetter , 22 August 2025
-
WCSB gas earnings roundup: Q2 2025
- Mackenzie Monsour , 22 August 2025
-
Oil sands maintenance wears on Q2 results
- Mark Oberstoetter , 11 August 2025
-
Mid year update on western Canada rig activity
- Mark Oberstoetter and Abhishek Agrawal , 24 July 2025
-
TD Calgary Energy Conference: industry touts growing confidence
- Mackenzie Monsour , 15 July 2025
- LNG Canada exports first cargo
- 18 more item(s)...
Tables and charts
This report includes the following images and tables:
- Cost stack of American LNG project
- MEG Energy share price over time (C$)
- Map of Bay du Nord and surrounding discoveries
- Duvernay completion designs by operator
- Kaybob oil subplay cost trends
- Oil sands deals (US$/flowing boe )
- Gas price realisations (excluding derivatives)
- Oil sands quarterly production variability
- British Columbia Montney rig activity
- BC Montney well spuds by operator and average drill speed
- BC Montney operator drill speed over time
- Delivered Cost of Canadian and US LNG into Japan
- 55 more item(s)...
What's included
This report contains:
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