HALIFAX - Nova Scotia’s premier says his government is about to start negotiations with a company that could frack for natural gas in the province. Tim Houston told reporters Monday that seven companies responded to a call for firms interested in natural gas exploration. He says his government is about to start talks with one of the companies before deciding on regulatory approvals and financial incentives. Houston, who is also Nova Scotia's energy minister, said he expects the other [Read more]
News
Trump links Abraham Accords to any Iran deal
U.S. President Donald Trump said on Monday that he asked Saudi Arabia, Qatar, Pakistan, Turkey, Egypt and Jordan to join the Abraham Accords en masse to normalize relations with Israel as he tries to negotiate an agreement to end the war with Iran. Pakistan rejected the proposal. None of the other countries has so far publicly reacted to Trump's demand and a positive response was unlikely when the public mistrust of Israel in these Muslim nations remains high over the scale of its military [Read more]
No Pathways, no pipeline: How the massive carbon storage project would work, if built
CALGARY - There's no pipeline without Pathways and no Pathways without a pipeline. That was the quid pro quo spelled out in a sweeping energy accord signed between Alberta and Ottawa in November. Alberta is spearheading early planning and regulatory work on a potential new one-million-barrel-a-day pipeline to the West Coast that would provide an outlet for increased oilsands production and boost exports to Asia. But the "grand bargain" with Ottawa to help clear the way for the pipeline [Read more]
Iran would open Strait of Hormuz 30 days after peace deal, Nikkei reports citing source
The U.S. and Iran are discussing a plan to open the Strait of Hormuz about 30 days after the two countries reach a deal to end hostilities, the Nikkei newspaper reported on Monday citing a Middle East diplomatic source. Iran would proceed to clear mines from the strait during a 30-day window following an agreement, after which ships from all countries would be able to navigate freely and safely, and Iran would stop collecting transit fees, Nikkei said. The ceasefire agreed in early April [Read more]
QatarEnergy extends force majeure until mid-August, Italy’s Edison says
QatarEnergy has notified one of its biggest European customers that it will cancel five additional LNG cargoes, extending force majeure from early July until mid-August, Italian utility Edison said on Monday. Edison holds a long-term contract with QatarEnergy for the supply of 6.4 billion cubic meters of liquefied natural gas per year to Italy which has been impacted since April by disruptions linked to the Iran war. Taking into account Monday's notification, a total of 17 LNG cargoes [Read more]
Carney says Alberta vote on separation could become ‘dangerous bluff’
Canadian Prime Minister Mark Carney said on Monday that Alberta's planned vote on potentially breaking away from the rest of Canada, while not binding, could become "a dangerous bluff" and that asking such questions was "not helpful." The oil-rich province said last week it would proceed with a non-binding referendum in October on whether its residents want to remain part of Canada. "I saw firsthand what happened in the United Kingdom... They're still 10 years later trying to undo what people [Read more]
Pembina Pipeline going ahead with $570M Heartland extraction project
CALGARY - Pembina Pipeline Corp. says it's going ahead with its $570-million Heartland extraction plant project. The 750-million-cubic-feet-per-day straddle plant will extract natural gas liquids under Pembina's extraction rights on the Yellowhead Pipeline. It is expected to enter service in late 2029. Pembina has also signed a long-term agreement at the Heartland project to supply Dow with ethane beginning in late 2029, scaling to 22,500 barrels per day by the end of 2030. In [Read more]
Pembina Pipeline Sanctions Heartland Extraction Plant Strengthening its Leading NGL Franchise
This news release refers to certain financial measures and ratios that are not specified, defined or determined in accordance with Generally Accepted Accounting Principles ("GAAP"), including earnings before interest, taxes, depreciation and amortization ("EBITDA") build multiple. For more information see "Non-GAAP and Other Financial Measures" herein. CALGARY, Alberta--(BUSINESS WIRE)--Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) announced today that it is [Read more]
Freehold Royalties Receives TSX Approval for Renewal of Normal Course Issuer Bid
CALGARY, Alberta, May 25, 2026 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. ("Freehold" or the "Company") (TSX – FRU) is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted Freehold's notice of intention to renew its normal course issuer bid (the "Renewed NCIB"). Under the Renewed NCIB, Freehold may purchase up to 13,699,485 common shares (the "Shares") (representing approximately 10 percent of the Company's 163,960,334 issued and outstanding Shares as of May 14, 2026 [Read more]
Lotus Creek Exploration Inc. Announces April Operational Update to Shareholders
Calgary, Alberta--(Newsfile Corp. - May 25, 2026) - Lotus Creek Exploration Inc. (TSXV: LTC) ("Lotus Creek" or the "Company") is pleased to announce that the April Operational Update to Shareholders has been posted to the Company's website and can be accessed via the following link: April Operational Update FOR FURTHER INFORMATION ABOUT LOTUS CREEK PLEASE CONTACT: Kevin Johnson Mitchell Harris President & CEO VP Finance & [Read more]
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