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How Canada’s oil sands transformed into one of North America’s lowest-cost plays

Oil & Gas 360º

Canadian Natural Resources , for example, at the end of 2024 had proved and probable reserves amounting to 20.1 billion barrels of oil equivalent in its portfolio, giving its oil sands mining and upgrading assets a remaining reserve lifespan of 43 years. The company’s Horizon oil sands mine has been producing since 2009.

Oil 130
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Tullow Sells Kenyan Business to Gulf Energy

Rigzone

The transaction involves the sale of the shares of Tullow Kenya BV by Tullow Overseas Holdings BV to Gulf Energy’s Auron Energy E&P Ltd. The assets to be sold had around 36 million barrels of proven and probable reserves as of yearend 2024, according to Tullow. The sale is expected to be completed this year.

Energy 95
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Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

Oil & Gas 360º

Our combined company will include exceptional technical and support personnel from the two companies in both the office and field and an experienced Board of Directors that prioritizes sustainable and profitable growth to generate strong returns for our combined shareholders. Market capitalization is a supplementary financial measure.