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]
News
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]
Competition Bureau challenging Keyera deal with Plains All American Pipeline
CALGARY - The Competition Bureau is challenging Keyera Corp.’s proposed deal to buy the Canadian natural gas liquids business of Plains All American Pipeline LP. The regulator says the proposed transaction would reduce competition at Canada’s most important natural gas liquids hub at Fort Saskatchewan, Alta. It says it is seeking an order from the Competition Tribunal to preserve competition. The bureau says the deal would significantly increase market concentration in natural gas [Read more]
Keyera Provides Update on Regulatory Process for Acquisition of Plains’ Canadian NGL Business
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"). Keyera has received a filing from the Competition Bureau in connection with the Transaction and is currently reviewing the materials. Shortly before the opening of markets, Keyera [Read more]
Competition Bureau challenges Keyera’s proposed acquisition at a critical Canadian energy hub
Bureau investigation found the transaction would harm competition and Canadian energy producers GATINEAU, QC, May 5, 2026 /CNW/ - The Competition Bureau has filed an application with the Competition Tribunal challenging Keyera Corp.'s (Keyera) proposed acquisition of Plains All American Pipeline L.P.'s (Plains) Canadian natural gas liquids business. The Bureau is challenging the proposed transaction because it would reduce competition at Canada's most important natural gas liquids hub at [Read more]
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