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]
News
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]
Paramount Resources Announces First Quarter 2026 Results, Increased Production Guidance and Lower Capex Guidance
CALGARY, AB, May 12, 2026 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce: (i) its first quarter 2026 financial and operating results, (ii) increased 2026 production guidance, which incorporates an earlier expected start-up of the second phase of the Alhambra Plant, and (iii) lower expected 2026 and 2027 capital expenditures, reflecting strong well deliverability and improving capital efficiencies. HIGHLIGHTS First quarter sales volumes [Read more]
Calfrac Reports First Quarter 2026 Results
CALGARY, Alberta, May 12, 2026 (GLOBE NEWSWIRE) -- Calfrac Well Services Ltd. (“Calfrac” or “the Company”) (TSX: CFW) announces its financial and operating results for the three months ended March 31, 2026. The following press release should be read in conjunction with the management’s discussion and analysis and interim consolidated financial statements and notes thereto as at March 31, 2026. All financial amounts and measures are expressed in Canadian dollars unless otherwise [Read more]
The battle for Hormuz risks sparking the next Iran clash: Bousso
The Strait of Hormuz has emerged as the central battleground of the Iran conflict. The passage of a handful of oil and gas tankers in recent days, apparently with Tehran’s consent, hints at tacit acceptance of its control. This foreshadows a more dangerous phase in what is fast turning into a Hormuz war. Tehran’s near-complete closure of the vital trade artery since the joint Israeli-U.S. airstrikes on February 28 and the reciprocal U.S. naval blockade imposed last month have sent shockwaves [Read more]
Iran now defines Strait of Hormuz as far larger zone, IRGC officer says
Iran has expanded its definition of the Strait of Hormuz into a "vast operational area" far wider than before the Iran war, according to a senior officer in the Islamic Revolutionary Guard Corps (IRGC) Navy. The strait is no longer viewed as a narrow stretch around a handful of islands but instead has been greatly enlarged in scope and military significance, said Mohammad Akbarzadeh, deputy political director of the IRGC Navy, the state-affiliated Fars news agency reported on Tuesday. "In [Read more]
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