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]
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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]
What needs to be agreed to end the Iran war?
(Recasts with latest on potential framework deal) LONDON/DUBAI, May 25 - Iran's foreign ministry spokesperson said on Monday that conclusions have been reached on many topics discussed in a potential 14-point memorandum of understanding, but this does not mean a deal to end the Middle East war is imminent. The framework is focused on an end to the war and a U.S. naval blockade in exchange for Tehran taking steps to ensure safe transit in the Strait of Hormuz, said the spokesperson, Esmaeil [Read more]
Oil slips to 2-week low as US-Iran seen moving closer to peace deal
Oil prices hit two-week lows on Monday on optimism that the U.S. and Iran were moving closer towards a peace deal even though they remained at odds over key issues, including blockades on the Strait of Hormuz that continued to restrict oil supply from the Middle East. Brent crude futures fell $4.71, or 4.55%, to $98.83 a barrel by 2234 GMT, while U.S. West Texas Intermediate was at $92.03 a barrel, down $4.57, or 4.73%. Both contracts touched their lowest since May 7 earlier in the [Read more]
Possible deal on Iran divides US lawmakers largely along party lines
U.S. lawmakers appearing on Sunday morning talk shows split sharply over a potential deal to end the Iran war, with Republicans mostly backing the publicly reported contours of an agreement being negotiated by President Donald Trump and Democrats dismissing it as accomplishing little. * Senator Chris Van Hollen, a Maryland Democrat and a member of the Senate Foreign Relations Committee, said the reported outlines of a deal sounded like little more than "the pre-war status quo" with Iran. "I [Read more]
Supreme leader adviser says Iran has legal right to manage Hormuz strait
Mohsen Rezaei, a military adviser to Iran's supreme leader, said on Sunday that managing the Strait of Hormuz was Tehran's "legal right" in order to ensure national security. "Iran's management of Hormuz Strait ends 50 years of insecurity in the Persian Gulf," Iranian news agencies quoted Rezaei as saying. (Reporting by Hatem Maher and Muhammad Al Gebaly Editing by Bernadette Baum) [Read more]
Number of ships transiting Strait of Hormuz will return to pre-war level in 30 days under potential deal, Tasnim says
A potential deal between Iran and the United States stipulates that the number of ships able to transit the Strait of Hormuz would return to the pre-war level within 30 days, according to Iran's semi-official Tasnim news agency. The naval blockade must be completely lifted within 30 days according to a memorandum of understanding, Tasnim said, adding that part of Iran's frozen funds must be released in the first phase. (Reporting by Elwely Elwelly; Editing by William Mallard) [Read more]
Iran has not agreed to hand over highly enriched uranium stockpile, senior Iranian source tells Reuters
A senior Iranian source told Reuters on Sunday that Tehran has not agreed to hand over its highly enriched uranium stockpile. The source said Iran's nuclear issue was not part of the preliminary agreement with the United States. "The nuclear issue will be addressed in negotiations for a final agreement and are therefore not part of the current deal. There has been no agreement over Iran's highly enriched uranium stockpile to be shipped out of the country," said the source. (Reporting by [Read more]
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