The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures narrowed on Tuesday. WCS for June delivery in Hardisty, Alberta, settled at $16.00 a barrel, below the U.S. benchmark WTI, according to brokerage CalRock, compared to $16.25 on Monday. * While the discount has narrowed, the price marks a steep differential for heavy Canadian crude since the start of the U.S. war on Iran. * The WCS differential has been volatile since the start of [Read more]
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Suncor Energy reports voting results from Annual General Meeting
Calgary, Alberta--(Newsfile Corp. - May 5, 2026) - Suncor Energy (TSX: SU) (NYSE: SU) held its Annual General Meeting in Calgary today. A total of 842,465,674 shares (approximately 71.05% of outstanding common shares) were represented in person or by proxy. Shareholders voted as follows on the matters before the meeting: Shareholders elected the following ten board members (nine of whom are independent), with shares represented at the meeting voting in favour of individual directors as [Read more]
Suncor Energy reports first quarter 2026 results
Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and derived from the company's condensed consolidated financial statements which are based on Canadian generally accepted accounting principles (GAAP), specifically International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), and are prepared in accordance with International Accounting Standard (IAS) 34 Interim Financial Reporting. Production [Read more]
Topaz announces first quarter 2026 financial results and dividend increase
CALGARY, AB, May 5, 2026 /CNW/ - Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") is pleased to provide first quarter 2026 financial results. Select financial information is outlined below and should be read in conjunction with Topaz's interim condensed consolidated financial statements ("Financial Statements") and related management's discussion and analysis ("MD&A") as at and for the three months ended March 31, 2026, which are available on SEDAR+ at www.sedarplus.ca [Read more]
Plains All American Pipeline and Plains GP Holdings Provide Update on the NGL Sale Process
HOUSTON, May 05, 2026 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) (collectively, “Plains”) today provided an update on the expected timing for completion of the Canadian NGL business divestiture to Keyera Corp (“Keyera”). PAA and certain of its affiliates have received a filing from the Canadian Competition Bureau challenging the proposed transaction. This filing and the associated proceeding do not enjoin, prohibit, make illegal [Read more]
Oil execs, climate groups decry slow pace of Alberta MOU, though differ on carbon tax
OTTAWA - Five of Canada's largest oilsands producers and clean energy groups are separately criticizing the federal and Alberta governments for slow progress on finalizing aspects of the energy deal signed last year. The pact pairs the prospect of a new oil pipeline to the West Coast with several environmental measures, including industrial carbon pricing and an agreement for reducing methane emissions. In a statement published Monday, the Oil Sands Alliance — formerly known as the [Read more]
Keyera Provides Update on Regulatory Process for Plains Acquisition and Confirms Expected Near-Term Closing
CALGARY, AB, May 5, 2026 /CNW/ - Keyera Corp. (TSX: KEY) ("Keyera" or the "Company") today provided an update on the regulatory process related to its previously announced acquisition of substantially all of Plains' Canadian natural gas liquids ("NGL") business (the "Transaction"). The Company is aware that the Commissioner of Competition has filed an application with the Competition Tribunal in connection with the Transaction. The application does not prevent the closing of the [Read more]
Exxon using AI for faster analysis of Guyana’s oil fields, VP of exploration says
Exxon Mobil is using artificial intelligence and new technology to interpret seismic data from Guyana in days rather than months, John Ardill, the company's vice president of exploration, said on Tuesday. High-performance computing and AI-driven algorithms have accelerated seismic imaging, Ardill said at the Offshore Technology Conference in Houston. "We're using what was called deep learning, classification and so reinforced learning.... We can turn those tools around in just a few days, [Read more]
Equinor submits Bay du Nord plans to Newfoundland and Labrador energy regulator
ST. JOHN'S - Norway's Equinor has submitted a development application for its proposed Bay du Nord oil project to Newfoundland and Labrador’s energy regulator. The board of the Canada-Newfoundland and Labrador Offshore Energy Regulator will decide if the development is in the public interest. The application will ultimately land with the federal natural resources minister and the provincial minister of energy for approval. However, the public will have a chance to weigh in on the [Read more]
Trump says Iran “should wave the white flag of surrender”
President Donald Trump on Tuesday dismissed Iran's military capability and said Tehran "should wave the white flag of surrender" but is too proud to do so. Trump told reporters in the Oval Office that Iran's military has been reduced to firing "peashooters" and that Tehran privately wants to make a deal despite its public sabre-rattling. "They play games, but let me just tell you, they want to make a deal. And who wouldn't, when your military is totally gone?" he said. Trump heaped [Read more]
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