*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
- Takeover resistance - Greenfire Resources vs Waterous Energy Fund
- Tyson Gervais , 1 October 2024
- Murphy Oil to boost Tupper production
- Tyson Gervais , 29 August 2024
- Gran Tierra adds Canada assets via i3 Energy acquisition
- Tyson Gervais and Mark Oberstoetter , 29 July 2024
- Tourmaline Oil acquiring Crew Energy to bolster British Columbia Montney position
- Xin Yi Dong , 12 August 2024
- Leismer expanding to 40,000 b/d by 2028
- Mark Oberstoetter , 29 July 2024
- Cedar LNG reaches FID
- Mark Oberstoetter , 26 June 2024
- Advantage acquires Charlie Lake assets from Longshore Resources
- Tyson Gervais , 12 June 2024
- AltaGas's Ridley Island LPG export facility reaches FID
- Tyson Gervais , 29 May 2024
- Oil sands operators report Q1 results - will the rich get richer?
- Jonah Resnick and Xin Yi Dong , 14 May 2024
- Trans Mountain pipeline expansion (finally) gets to the finish line
- CNRL shareholders can soon look forward 100% return of free cash flow, other companies to follow
- Jonah Resnick and Xin Yi Dong , 13 March 2024
- Liard shuffle sees Chevron exit, Paramount Resources enter and Woodside remain
- Tyson Gervais , 24 January 2024
- Duvernay for sale: Chevron markets its play-leading position
- Mark Oberstoetter , 24 January 2024
- OilCo reviewing Newfoundland & Labrador assets
- Mark Oberstoetter , 12 January 2024
-
Early takeaways from guidance season
- Mark Oberstoetter , 5 December 2023
-
Diluent demand tracks ever higher, supporting local condensate pricing
- Jonah Resnick , 30 November 2023
-
Tourmaline solidifies Deep Basin position with acquisition of Bonavista Energy
- Tyson Gervais , 16 October 2023
-
Court case outcome translates to less regulatory burden
- Jonah Resnick , 16 October 2023
-
TMX cost overruns: assessing the aftermath
- Jonah Resnick , 22 September 2023
- Adiós! Peyto to acquire remaining Repsol Canada assets
- Tyson Gervais , 07 September 2023
- Strathcona Resources to go public through Pipestone acquisition
- Tyson Gervais , 03 August 2023
- More M&A inbound
- Equinor and BP delay the long awaited Bay du Nord sanction decision, again.
- Mark Oberstoetter , 31 May 2023
- Decoding Alberta elections: what does it mean for the upstream industry?
- Mark Oberstoetter , 29 May 2023
- ConocoPhillips changes Canadianisation to North Americanisation
- Jonah Resnick , 26 May 2023
- ConocoPhillips motivation
- Suncor disapointment
- Stay tuned
- Devastating start to wildfire season in Alberta
- Mark Oberstoetter , 8 May 2023
- TotalEnergies bids au revoir to its oil sands asset via sale to Suncor
- Mark Oberstoetter , 27 April 2023
- Newfoundland & Labrador is putting 50 parcels on offer
- Mark Oberstoetter , 18 April 2023
- The "I's" have it: oil sands developments accelerate at Blackrod and Cold Lake
- Scott Norlin , 7 Feb 2023
- Blueberry River First Nations and BC Government reach agreement on oil and gas development
- Scott Norlin and Ryan Taylor , 19 January 2023
Tables and charts
This report includes 32 images and tables including:
- I3 Energy's average gross operated production (Jan-May 2024)
- 2025 Montney producer rankings following deal closure
- Leismer production
- Leismer cumulative cash flow with expansion
- Cardium, Charlie Lake, Duvernay and Montney Deals over US$100 million (2021 onwards)
- Liquids production and commodity mix per WCSB play
- Shipper committed volumes
- Realisations since 2020 against average
- Deep Basin, Duvernay and Montney deals since 2020
- Deep Basin, Duvernay and Montney deals by liquids %
- Lens snapshot of OilCo's assets and cash flows
- Midpoint capital guidance
- Midpoint production guidance
- Diluent demand versus supply
- Deep Basin M&A transactions over US$100M
- TMX shippers
- TMX realisations before and after toll increase
- Peyto and Repsol Deep Basin Assets
- Table 1: Deep Basin M&A transactions over US$100M
- Table 2: Gas-weighted Western Canada M&A transactions over US$100M
- Strathcona Resources Ltd. (new public entity)
- SMID-Cap Montney operator details
- SMID-Cap Montney operators - sized by valuation
- Production impact of a three year bay du Nord delay
- Deal structure evolution
- Surmont asset performance
- Map of Drayton Valley selected lease positions
- TotalEnergies global emissions intensity before and after sale
What's included
This report contains:
Other reports you may be interested in
Insight
Europe upstream in brief
Agreement on what succeeds the UK’s Energy Profits Levy will be far from straightforward
$1,350
Insight
Sub-Saharan Africa upstream in brief
The latest stories and trends in the Sub-Saharan Africa upstream sector combined with our expert opinion and analysis.
$1,350
Insight
Latin America upstream in brief
The Latin America upstream in brief provides the Wood Mackenzie view on key industry events in Central and South America as they unfold.
$6,750
