Baytex Energy Corp. is planning a capital budget of $550 million to $625 million for 2026. The company says the spending comes as it looks to increase production by three to five per cent for the year. Baytex says about 55 per cent of its exploration and...
By Devin Stevens The Nova Scotia government says it’s ready for companies to start exploring for onshore natural gas, with the province saying it may take ownership stakes in drilling projects to potentially give taxpayers a share of the profits. During a news...
By Catherine Morrison The federal government is announcing new regulations to cut methane emissions from the oil and gas sector and landfills. A federal document says the new rules for oil and gas operators, which expand on regulations introduced in 2018,...
By Lauren Krugel U.S. oil producers will likely be the first to cut output should the global crude price continue to languish below US$60 per barrel, but their Canadian peers should be able to keep chugging along, energy experts say. West Texas Intermediate, the key...
By Lauren Krugel Two of Canada’s biggest oilsands producers are aiming to increase their output next year without any major year-over year changes in their capital spend. Cenovus Energy Inc. is expecting to spend between $4.7 billion and $5 billion next...
