Canada’s New Oil Tycoon Bets Big on Expansion, Shaking Up Energy Sector
Strathcona Resources plans to double oil production to 300,000 bpd by 2035, expanding its footprint across Western Canada and potentially driving new pipeline demand.
Strathcona Resources plans to double oil production to 300,000 bpd by 2035, expanding its footprint across Western Canada and potentially driving new pipeline demand.
Great Basin Gas Transmission closed its second open season for the $1.7 billion 2028 Expansion Project in Northern Nevada, securing nearly 800 million cubic feet per day in capacity requests as demand for natural gas infrastructure continues to rise.
Chevron and its partners have approved a $2 billion investment for the Gorgon Stage 3 project offshore Western Australia, linking new gas fields to the Barrow Island LNG complex to sustain long-term exports and domestic supply.
The Federal Energy Regulatory Commission has granted Sempra a five-year extension to complete construction of the Cameron LNG expansion in Louisiana. The decision gives the project until 2033 to finish work, supporting continued U.S. LNG export growth following renewed permitting momentum.
WhiteWater has expanded its Eiger Express Pipeline project, upsizing the Permian-to-Katy line from 42 to 48 inches and boosting capacity to 3.7 Bcf/d. Backed by the Matterhorn JV, ONEOK, MPLX and Enbridge, the project strengthens long-haul gas takeaway to Gulf Coast and LNG export markets while remaining on track for a mid-2028 in-service date.
Enterprise and ExxonMobil will boost the Bahia NGL pipeline to 1 million bpd and build a 92-mile New Mexico extension serving the Permian Basin under a new joint-interest agreement expected to close in early 2026.
Caprock Midstream has expanded its South Texas operations with the purchase of 90 miles of residue gas pipeline and named Steve Jones as its new CEO. The move boosts connectivity for Eagle Ford and Austin Chalk producers.
Enbridge has approved a $1.4 billion expansion of its Mainline and Flanagan South pipelines, adding 250,000 bpd of capacity to move more Canadian heavy crude to U.S. Midwest and Gulf Coast refiners by 2027.
TC Energy launched a non-binding open season to assess shipper interest in up to 500,000 Dth/d of new natural gas transportation capacity in Ohio, targeting rising demand from power generation, data centers and industrial growth.
Tokyo Gas will prioritize the U.S. market in its overseas expansion strategy, including potential LNG offtake from the $44 billion Alaska LNG project. The company plans to invest up to $8.6 billion over three years, with $2.3 billion allocated to overseas and U.S. gas asset development.
EnCap Investments has closed a $2 billion continuation vehicle for PennEnergy Resources. The fund will support development of PennEnergy’s Marcellus Shale assets, expand its natural gas inventory, and fund bolt-on growth opportunities in a favorable gas market.
Aramco has completed an $11 billion leaseback deal with a GIP-led consortium for its Jafurah gas processing and NGL facilities. The transaction supports Saudi Arabia’s largest non-associated gas project, expected to start production in late 2025 and expand capacity to 2 Bcf/d of sales gas by 2030.
FERC issued an environmental assessment finding no significant impact for TC Energy’s ANR Heartland Project, a Midwest pipeline expansion adding 473,000 dekatherms per day of natural gas capacity across Illinois and Wisconsin.
Mountain Valley Pipeline has filed a FERC application for its MVP Boost project, a 600 MMcf/d capacity expansion using new compression facilities in West Virginia and Virginia. The fully subscribed project targets a 2028 start-up.
The plan highlights existing pipeline corridors that could provide the fastest and lowest-cost path to meet rising global demand.
You can change it with picker below or later using the switch located in the footer.