Canadian crude oil pipeline company South Bow said on Friday it is beginning efforts to obtain required permits across the U.S. route of its Prairie Connector project. * The Alberta-to-Wyoming pipeline would use portions of pipe already installed in Canada as part of the cancelled Keystone XL project. * South Bow said on a conference call it is working to secure its supply chain, contracting and procurement strategy, as well as working on a cost estimate for the project. * South Bow is [Read more]
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Canada’s Enbridge tops profit estimates on gas transmission strength
Enbridge reported first-quarter adjusted profit on Friday that surpassed analysts' expectations as robust performance in its gas transmission and utility businesses offset softer results in its liquids pipelines segment. The pipeline operator is benefiting from rising demand for natural gas, utility infrastructure and power supply for data centers, allowing it to generate steady growth despite geopolitical tensions and commodity price volatility. The company said it added projects worth [Read more]
Suspected oil spill seen on satellite images near Iran’s Kharg Island export hub
A suspected oil spill covering dozens of square kilometres of sea near Iran's main oil hub of Kharg Island has been seen on satellite imagery this week. The likely spill - appearing on images as a grey and white slick - covered waters to the west of the 8-kilometre (5-mile) long island, pictures from Copernicus’s Sentinel-1, Sentinel-2 and Sentinel-3 satellites showed on May 6-8. “The slick appears visually consistent with oil,” said Leon Moreland, researcher at the Conflict and [Read more]
Baytex Announces Quarterly Dividend for July 2026
Calgary, Alberta--(Newsfile Corp. - May 7, 2026) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex" or the "Company") announces that its Board of Directors has declared a quarterly cash dividend of CDN$0.0225 per share to be paid on July 2, 2026 to shareholders of record on June 15, 2026. The U.S. dollar equivalent amount is approximately US$0.0165 per share assuming a foreign exchange rate of 1.36 CAD/US. Payments to shareholders who are not residents of Canada will be net of any [Read more]
InPlay Oil Corp. Announces First Quarter 2026 Financial and Operating Results
CALGARY, AB, May 8, 2026 /CNW/ - InPlay Oil Corp. (TSX: IPO) (TASE: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to announce its financial and operating results for the three months ended March 31, 2026. InPlay's unaudited interim financial statements and notes, and Management's Discussion and Analysis ("MD&A") for the three months ended March 31, 2026 will be available at "www.sedarplus.ca" and the Company's website at "www.inplayoil.com". An updated corporate presentation [Read more]
Enbridge Reports Strong First Quarter Results, Reaffirms 2026 Financial Guidance, and Grows Secured Backlog to $40 Billion
CALGARY, AB, May 8, 2026 /CNW/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today reported first quarter 2026 financial results, reaffirmed its 2026 financial guidance and provided a quarterly business update. Highlights (All financial figures are unaudited and in Canadian dollars unless otherwise noted. * identifies non-GAAP financial measures. Please refer to Non-GAAP Reconciliations Appendices.) First quarter GAAP earnings attributable to common [Read more]
China confirms attack on oil tanker in Strait of Hormuz earlier this week
China's foreign ministry confirmed on Friday that an oil products tanker carrying Chinese crew was attacked in the Strait of Hormuz, and expressed deep concern about vessels affected by the ongoing conflict in the Middle East. There are Chinese nationals aboard the vessel, but no reported crew casualties so far, foreign ministry spokesperson Lin Jian said during a regular news conference. Chinese media Caixin reported on Thursday that a Chinese-owned oil products tanker marked "CHINA OWNER [Read more]
Greenfire Resources Reports Voting Results from 2026 Annual Meeting of Shareholders
Calgary, Alberta--(Newsfile Corp. - May 7, 2026) - Greenfire Resources Ltd. (NYSE: GFR) (TSX: GFR) ("Greenfire" or the "Company") is pleased to announce the voting results from its annual meeting of shareholders held May 7, 2026 in Calgary, Alberta (the "Meeting"). Voting Results from the Meeting Each of the matters voted upon at the Meeting is discussed in detail in the Company's Management Information Circular dated April 2, 2026 (the "Information Circular"), which is available on SEDAR+ [Read more]
Gran Tierra Energy Inc. Reports First Quarter 2026 Results
Achieved Total Company Average First Quarter Production of 45,497 BOEPD1 Completed Disposition of Gran Tierra’s Working Interest in the Simonette Montney Block for $49 Million Signed Exploration, Development and Production Sharing Agreement with State Oil Company of the Republic of Azerbaijan Strategic Partnership Agreement with Ecopetrol for Operations in the Tisquirama Block Strengthened Financial Position, Exited the Quarter with $125 Million in Cash and Paid Down $133 Million of [Read more]
Baytex Reports Shareholder Meeting Results
Calgary, Alberta--(Newsfile Corp. - May 7, 2026) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) reports that all matters presented for approval at the annual meeting of shareholders held today were approved. A total of 366,618,328 common shares being 50.00% of Baytex's issued and outstanding shares were represented at the meeting. At the meeting, all of the nominees proposed as directors were duly elected. Results of the vote are set out below: Votes For Name of [Read more]
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