General News | Suspend or Reduced Operations
Exxon's Sable Offshore Project Ends Operations After 20 Years
All production from the Sable Offshore Energy Project has been permanently shut down, according to a government report.
The project had been producing for approximately 20 years (since 1999) from a site offshore Nova Scotia and was operated by ExxonMobil.
The company formally announced its plan to decommission the site in March 2018, stating: "ExxonMobil Canada as operator of the Sable Project is progressing an application with the National Energy Board (NEB) related to the eventual abandonment of Sable’s 26” offshore gathering pipeline, as well as the Goldboro Gas Plant. Submission of the formal Leave to Abandon Application occurred in March 2018."
More Suspend or Reduced Operations News

Ecopetrol Details Ops, Challenges as Colombian Unrest Continues
Ecopetrol S.A. has commented about certain adverse consequences in the operation of its upstream, midstream, downstream and commercial and marketing segments, due to the ongoing public order situation…

Basic Energy Services Cuts Operational Scope by 40%; Shuffles Exec Team
Basic Energy Services, Inc. has made several major changes to its organizational structure. Operation Units Cut by 40% The company is reducing the number of operating regions from…

Rosehill Resources Details Fourth Quarter 2019 Results
Rosehill Resources Inc. reported its Q4 2019 results. Fourth Quarter 2019 and Current Highlights: Average net production of 22,157 barrels of oil equivalent per day ("BOEPD") (72% oil…

BP CEO Vows 'No Layoffs' in Near-Term; Trims 2020 Capex by 25%
BP plc has reported an update on its operations in response to the COVID-19 pandemic and market disruptions related to oil prices. The company outlined several cost cutting…

Denbury Axes 2020 Capex by 44%; Defers CO2 Project
Denbury Resources Inc. reported an update in the wake of the market uncertainty. 2020 Changes Denbury has reduced its 2020 capital budget by ~$80 million, or 44%. As…
Canada News

Western Canada Upstream M&A: Q1 2026 Transaction Report
Western Canadian M&A activity in Q1 2026 was characterized by a 87% decrease in total deal value compared to Q1 2025, totaling $0.8 billion C$. However, transaction volume…

Canadan E&P 2026 Program Calls for 448 Net Wells, Up 24% vs. 2025 Plan
Canadian Natural Resources outlined a 2026 operating capital budget of approximately $6.3 billion (total capital budget $6,425 million, including $125 million for carbon capture) targeting 1,590–1,650 MBOE/d of…

EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
The “~2.2 MMb/d glut in 2025” framing traces to the EIA’s Short-Term Energy Outlook (STEO), December 2025. EIA doesn’t usually write “glut” in the tables—what they publish is…

Whitecap Details 2026 Duvernay & Montney Program
Whitecap Resources reported strong third quarter 2025 operating and financial results, marking its first full quarter following the strategic combination with Veren that closed on May 12, 2025.…

ARC Resources: Lower 2026 Capex, Higher Volumes
ARC Resources used its third quarter update to reinforce a familiar message to Canadian E&P executives: disciplined capital, structurally better market access, and a growing shareholder return program…