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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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]
ADNOC set to push shale-style oil, gas projects after UAE’s OPEC exit
Abu Dhabi's ADNOC expects to make a final investment decision this year on its unconventional gas project with TotalEnergies, with approval for a separate unconventional oil project expected to follow soon, its upstream chief said. The United Arab Emirates' May 1 exit from OPEC was a "sovereign decision taking into account the long-term strategic and economic interest of the country," state oil giant ADNOC's Upstream CEO Musabbeh al-Kaabi told Reuters. ADNOC's unconventional projects, [Read more]
Collaboration Over Competition: A New Model for Industrial Intelligence
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. Introduction In boardrooms across the energy sector, one theme is becoming impossible to ignore: complexity is outpacing capacity. Digital transformation, asset integrity, AI enablement, regulatory pressure, business resilience [Read more]
Canada-US oil pipeline close to reaching commitment requirement, sources say
A proposed pipeline for carrying Canadian crude oil to the United States is close to securing the minimum commitments from oil companies that the project needs to go ahead, four sources familiar with the matter told Reuters. The Alberta-to-Wyoming pipeline, proposed by Canadian pipeline company South Bow Corp and its U.S. partner Bridger Pipeline, could increase Canada's crude exports to the U.S. by more than 12% if it goes ahead, bringing much-needed pipeline takeaway capacity to Canada. U.S. [Read more]
Trump broke OPEC. He may regret it: Bousso
U.S. President Donald Trump’s military forays in Venezuela and Iran have weakened OPEC more than anyone thought possible just months ago. The White House may view this as a major win, but it may ultimately leave both the U.S. and energy markets worse off. For decades, the Organization of the Petroleum Exporting Countries, under its de facto leader Saudi Arabia, has exercised outsized influence over oil markets, dialling output up or down by tapping spare capacity to manage prices and defend [Read more]
Petronet expects Qatar to start LNG exports in 3 to 4 weeks of Iran war end
India's Petronet LNG expects Qatar to resume operations at its liquefied natural gas facilities within three to four weeks of the Middle East crisis ending, its head of finance, Saurav Mitra, said during an analyst call on Tuesday. * Petronet hopes the crisis will end soon. "We are confident that maybe from the first week of June, the entire supply will come as per the annual delivery plan," Mitra said. * He said Petronet is in talks with Qatar regarding the delivery of cargoes hit by the [Read more]
Middle East truce in doubt as US and Iran fight for control of Strait of Hormuz
The fragile truce in the Middle East was in jeopardy on Tuesday after the U.S. and Iran launched new attacks as they wrestled for control of the Strait of Hormuz. The U.S. military said on Monday it destroyed six Iranian small boats, as well as cruise missiles and drones, after President Donald Trump sent the navy to escort stranded tankers through the strait in a campaign he called "Project Freedom". Iran's parliament speaker, Mohammad Baqer Qalibaf, said in a social media post on Tuesday [Read more]
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