U.S. power consumption, which hit its second straight annual record high in 2025, will rise further in 2026 and 2027, the Energy Information Administration said in its Short-Term Energy Outlook on Tuesday. The EIA projected power demand will rise from a record 4,195 billion kilowatt-hours (kWh) in 2025 to 4,248 billion kWh in 2026 and 4,379 billion kWh in 2027. Demand is surging due in large part to data centers dedicated to artificial intelligence and cryptocurrency, and as homes and [Read more]
News
Keyera closes Plains deal despite challenge by federal competition regulator
CALGARY - Keyera Corp. has closed its deal to buy the Canadian natural gas liquids business of U.S. firm Plains All American Pipeline LP despite a challenge launched by the federal competition regulator. The company says it completed the acquisition Tuesday for $5.3 billion including closing adjustments. The Competition Bureau has applied to the Competition Tribunal to challenge the deal alleging it will likely harm energy producers and stifle investment. The key issue is competition at [Read more]
US LNG vessels leave for China after year-long pause ahead of Trump-Xi summit
China could receive in June its first direct U.S. liquefied natural gas shipment in more than a year in a potential sign of thawing energy ties as U.S. President Donald Trump this week heads to Beijing for a summit with Chinese President Xi Jinping. Three vessels left U.S. LNG export plants in Louisiana last week and are expected to reach China in mid- to late June, according to data from financial firm LSEG. While other LNG tankers have left U.S. ports and said they were headed to China over [Read more]
Keyera Announces Closing of Acquisition of Plains’ Canadian NGL Business
CALGARY, AB, May 12, 2026 /CNW/ - Keyera Corp. (TSX: KEY) ("Keyera" or the "Company") today announced the closing of its previously announced acquisition of substantially all of Plains' Canadian natural gas liquids ("NGL") business (the "Transaction") for $5.3 billion including closing adjustments. "This is a significant milestone for Keyera and marks the successful completion of a highly strategic transaction," said Dean Setoguchi, President and Chief Executive Officer. "The acquired assets [Read more]
Plains All American Pipeline and Plains GP Holdings Announce Completion of Canadian NGL Divestiture
HOUSTON, May 12, 2026 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) (collectively, “Plains”) completed the previously announced sale of all of the issued and outstanding shares of Plains Midstream Canada ULC, the PAA subsidiary that owns substantially all of PAA’s natural gas liquids (NGL) business (the “Canadian NGL Business”) to Keyera Corp., an Alberta Corporation (“Keyera”), pursuant to the terms of a definitive Share Purchase [Read more]
US war in Iran has cost $29 billion so far, Pentagon says
The United States' war in Iran has cost $29 billion so far, a senior Pentagon official said on Tuesday, an increase of $4 billion from an estimate provided late last month. With just six months before midterm elections in which President Donald Trump's Republicans may face an uphill battle to keep their House majority, Democrats are riding high in public opinion polls as they attempt to link the war with cost of living issues. On April 29, the Pentagon said the war at that point had cost [Read more]
Longshore Resources Ltd.: Mannville Stack Property Divestiture
This article is sponsored content, written and paid for by the advertiser. We do not endorse or take responsibility for the accuracy of the information presented. It has not been reviewed by our editorial team, and the opinions expressed are solely those of the sponsor. Longshore Resources Ltd. (“Longshore” or the “Company”) has engaged Sayer Energy Advisors to assist the Company with the sale of its Mannville stack interests in the Sugden area of Alberta (the [Read more]
De-Risking Facility Upgrades Through Full Off-Site Integration and Validation
This article is sponsored content, written and paid for by the advertiser. We do not endorse or take responsibility for the accuracy of the information presented. It has not been reviewed by our editorial team, and the opinions expressed are solely those of the sponsor. Bringing new or upgraded facilities online in Western Canada has become increasingly complex and increasingly unforgiving. Commissioning delays, system integration issues, or power failures can quickly translate into lost [Read more]
China’s commodity imports show Hormuz impact as oil slides, metals rise: Russell
The Iran war is starting to shape China's imports of major commodities, with April data showing a sharp decline in crude oil but rising trade in metals. The headline-grabbing number from the figures released last week by customs was the slide in arrivals of crude oil, with the world's biggest importer taking in 9.37 million barrels per day (bpd), the lowest in almost four years. April's imports were down 20% from the same month in 2025 as seaborne imports from the Middle East declined sharply [Read more]
Parex Resources Positioned to Become Colombia’s Largest Independent Oil & Gas Producer, Provides Step-Change Guidance, Reports Q1 2026 Results, and Declares Q2 2026 Dividend
CALGARY, Alberta, May 12, 2026 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to announce that the Company is poised to become Colombia’s largest independent oil and gas producer and to provide new corporate guidance. Additionally, the Company reports its financial and operating results for the three-month period ended March 31, 2026, and the declaration of its Q2 2026 regular dividend of C$0.385 per share. All amounts herein are in United States [Read more]
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