CALGARY, AB, May 20, 2026 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted Whitecap's notice of intention to commence a normal course issuer bid (the "NCIB"). The NCIB allows Whitecap to purchase up to 120,706,244 common shares (representing 10% of Whitecap's public float, as defined by the TSX, as of May 11, 2026) over a period of twelve months commencing on May 25, 2026. On May 11, 2026, Whitecap had [Read more]
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Tuktu Resources Ltd. Announces First Quarter 2026 Results
Calgary, Alberta--(Newsfile Corp. - May 20, 2026) - Tuktu Resources Ltd. (TSXV: TUK) ("Tuktu" or the "Company") is pleased to announce its financial and operating results for the three months ended March 31, 2026. Selected financial and operating information should be read in conjunction with Tuktu's unaudited interim condensed financial statements and related management's discussion and analysis ("MD&A") for the three months ended March 31, 2026, copies of which are available on the [Read more]
US oil and gas auction for New Mexico leases draws record $4 billion in bids
A Trump administration sale of oil and gas drilling rights on federal lands in New Mexico and Texas generated $4 billion in winning bids, the Interior Department said on Wednesday. The sale's total obliterated that of previous onshore government oil and gas auctions at a time when the Iran war has cut global supplies and raised demand for U.S. crude oil. The previous record total for a Bureau of Land Management oil and gas lease sale was $972 million in 2018, according to trade group Western [Read more]
US draws down record volumes of crude oil from stocks, EIA says
The United States withdrew 17.8 million barrels of crude oil from its inventories, the highest on record, the Energy Information Administration said on Wednesday, as the Iran war has cut global supplies and raised demand for U.S. crude and products. The country's stock of oil fell to 819.2 million barrels as of May 15, the lowest in 11 months, data showed. Commercial stocks drew down by about 7.86 million barrels, while the country's strategic stockpile eased by a record 9.9 million [Read more]
Why Asia needs more Canadian oil, not just natural gas
Growing demand for heavy oil and LNG strengthens the case for more West Coast exports By Grady Semmens on May 20, 2026, 10:09 am MDT An oil tanker anchored outside the Westridge Marine Terminal in the Port of Vancouver, at the end of the Trans Mountain pipeline. CP Images photo Growing global demand for secure, reliable energy is creating a major opportunity for Canada, according to experts who say Asia’s growing needs underscore the case for more export capacity on the West [Read more]
New UAE pipeline bypassing Hormuz now 50% complete, ADNOC CEO says
A new crude oil pipeline that bypasses the Strait of Hormuz and which the United Arab Emirates began building last year is now 50% complete, the CEO of state oil giant ADNOC, Sultan Al Jaber, said on Wednesday. Iran has largely kept the waterway critical for global oil and gas supplies shut to all ships apart from its own since the U.S.-Israeli strikes in February, sending energy prices and inflation surging, fanning fears of an economic downturn. The Abu Dhabi Media Office publicly revealed [Read more]
US crude and gasoline inventories fell last week on strong demand, EIA says
U.S. crude and gasoline stockpiles fell last week as demand remained elevated, while distillate inventories were up, the Energy Information Administration said on Wednesday. Crude inventories fell by 7.9 million barrels to 445 million barrels in the week ended May 15, the EIA said, compared with analysts' expectations in a Reuters poll for a 2.9 million-barrel draw. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 1.6 million barrels in the week, the EIA said, while crude oil [Read more]
Blue Chip MRC & Field Services and Knight Measurement Announce Formation of Blue Chip Controls
May 20, 2026 Valleyview, Alberta | Blue Chip MRC & Field Services and Knight Measurement are pleased to announce the formation of Blue Chip Controls, a newly established 50/50 partnership focused on providing Electrical, Instrumentation, Controls, Maintenance, Environmental, Measurement, and Regulatory support services across Western Canada. As part of the partnership, Knight Measurement has transitioned operations under the Blue Chip Controls brand. Blue Chip MRC & Field Services [Read more]
Trump blinks as big, bad bond market bares its teeth: McGeever
U.S. President Donald Trump is discovering – yet again – just how unforgiving and powerful bond markets can be. A global selloff has swept through sovereign debt markets, as rising inflation has driven yields on long-dated bonds to their highest levels in decades. The 30-year U.S. Treasury yield on Wednesday hit 5.20%, the highest since 2007, and BNP Paribas analysts forecast a "de-anchored rise" toward 5.50% and perhaps even beyond. This debt rout has been accompanied by a dramatic [Read more]
Photo ops are easy, turning the wheels is another matter
In 2025, China opened a breathtaking rail terminal facility called Chongqing East. The city is in mountainous terrain, and so building a large rail terminal is a compounded challenge. Nevertheless, at an estimated cost of $8 billion, a 1.2 million square meter facility over 8 levels was constructed after carving a flat space out of the side of a mountain. An estimated 2 million cubic meters of concrete went into it, along with 366,000 tonnes of steel. The terminal includes, as in, one facet, [Read more]
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