Calgary's hometown heroes
Grim headlines obscure the progress ahead in 2018 for the oil sands, unconventionals and LNG
Gone are the frenzied days when multi-billion-dollar oil sands projects were sanctioned on a regular basis. These days, project cancellations and supermajor exits from Canada have been grabbing the headlines. But if you look beyond the adverse news, there's an exciting renaissance happening in the Canadian oil and gas business. Here are some developments to watch in the upcoming year. Supermajor exits create new opportunities. Over the course of the past year Shell, ConocoPhillips, Marathon and Apache all sold major Canadian assets. Despite this seemingly negative news, it's not the first time that supermajors have exited the Canadian oil patch en masse. In the 1990s, during a similar perio
Also in this section
23 January 2026
A strategic pivot away from Russian crude in recent weeks tees up the possibility of improved US-India trade relations
23 January 2026
The signing of a deal with a TotalEnergies-led consortium to explore for gas in a block adjoining Israel’s maritime area may breathe new life into the country’s gas ambitions
22 January 2026
As Saudi Arabia pushes mining as a new pillar of its economy, Saudi Aramco is positioning itself at the intersection of hydrocarbons, minerals and industrial policy
22 January 2026
New long-term deal is latest addition to country’s rapidly evolving supply portfolio as it eyes role as regional gas hub
