Investment in ACE Rail Terminal to strengthen Canada's energy competitiveness, expand access to global markets and support long-term economic growth CALGARY, AB, May 20, 2026 /CNW/ - Keyera Corp. (TSX: KEY) ("Keyera"), AltaGas Ltd. (TSX: ALA) ("AltaGas") and CN (TSX: CNR) (NYSE: CNI) today announced plans to advance the Alberta Corridor Export ("ACE") Rail Terminal Project (the "Project"), a strategic Canadian energy infrastructure investment designed to strengthen Canada's energy supply [Read more]
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Japan oil refiners expect to secure enough supply to replace Middle East crude for summer
Japanese oil refiners will be able to secure sufficient substitute crude and petroleum products to replace Middle Eastern supplies through the summer, the head of an industry association said on Wednesday. Shunichi Kito, president of the Petroleum Association of Japan, said that U.S. crude is becoming the main substitute while efforts continue to procure crude from Saudi Arabia and the UAE via routes that bypass the Strait of Hormuz. Some Japanese companies are sourcing crude from Latin [Read more]
Iran war boosts US shale oil but only so much: Bousso
U.S. shale oil drillers have responded rapidly to the surge in crude prices since the start of the Iran war by ramping up production, but output gains are likely to be far more constrained than in the previous shale boom. The loss of around 13% of the world’s oil supplies due to the blockade of the Strait of Hormuz following the outbreak of the war on February 28 has been a boon for the U.S. oil industry. Benchmark U.S. crude prices have risen roughly 60% since then, to around $107 a barrel. [Read more]
New oil and gas jobs from BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location May. 19 General Foreperson - Instrumentation Strike Group Calgary May. 19 3rd/4th Year Apprentice Instrumentation Technician Strike Group Calgary May. [Read more]
Goldman Sachs says US natural gas output shows signs of price sensitivity
Goldman Sachs said in a note on Tuesday that U.S. natural gas production is showing signs of price sensitivity as Henry Hub prices moved back above $3 per million British thermal units this week for the first time since late March. The bank sees the ongoing signs of U.S. dry gas production price sensitivity as the most relevant, as it will impact how the market navigates an expected decline in U.S. gas balances through 2027. According to Goldman, Haynesville production growth has slowed [Read more]
Alberta’s timing targets for West Coast pipeline ‘best-case scenario’: CIBC analysts
CALGARY - Analysts at CIBC World Markets say the timeline the Alberta government set out for construction to begin on a potential new West Coast oil pipeline reflects a best-case scenario. The province aims to submit a proposal to the federal major projects office by July 1, have it designated a project of national interest by Oct. 1 and have shovels in the ground as early as Sept. 1, 2027. The Alberta government laid out those targets after it and Ottawa finalized one of the last [Read more]
Some of the biggest power companies in US
Major U.S. power company NextEra Energy announced a plan to acquire Dominion Energy in a $66.8 billion deal that would create one of the world's largest electric utilities. The combined company would have an enterprise value of roughly $420 billion, making it the third-biggest American energy company behind oil majors Exxon and Chevron but bigger than the next two largest U.S. power companies combined. The deal underscores how utility companies now need larger balance sheets, broader [Read more]
ConocoPhillips expects Qatar gas JVs delays of months, not years
Any delays to increasing liquefied natural gas production capacity at ConocoPhillips' joint ventures with Qatar are likely to be months, not years, its Europe Gas head said. The U.S. energy group is a partner in QatarEnergy's main LNG project, which includes offshore facilities in the North Field and onshore facilities at Ras Laffan, which was damaged by strikes on March 19, several weeks after the Iran war began. QatarEnergy signalled that its gas supply to China, South Korea, Belgium and [Read more]
New West Data Signs Letter of Intent to Acquire Significant Oil and Gas Assets Near Rocky Mountain House, Alberta
Proposed transaction expected to more than triple production to 4,500 BOE/d and more than double self-powered off-grid compute capacity to 35 MW Company plans to expand off-grid compute beyond bitcoin mining into high-density HPC and AI CALGARY, Alberta, May 19, 2026 (GLOBE NEWSWIRE) -- New West Data Corp. (“New West Data”), North America’s first vertically integrated oil and gas producer and off-grid digital infrastructure operator, today announced that it has signed a Letter of Intent [Read more]
Putin says Russia, China ready to back each other on issues such as protecting sovereignty
Russia and China are ready to support each other on a wide range of issues, including national unity and protection of sovereignty, President Vladimir Putin said in a video address ahead of a visit to China starting on Tuesday. Relations between Russia and China have reached an 'unprecedented level' of mutual understanding and trust, Putin said as he prepared to meet Chinese President Xi Jinping for talks on Wednesday. The countries are ready to cooperate on mutually beneficial and [Read more]
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