The US rig count climbed four to 562 for the week ending May 29, with the Permian adding five rigs and the year-over-year deficit narrowing to just one rig, the tightest margin since May 2023.
South Bow CEO Bevin Wirzba says the company will not proceed with a partial Keystone XL restart until it has confirmation that a US presidential permit is "durable," signaling a cautious approach to one of North America's most watched pipeline projects.
Pembina Pipeline has sanctioned its Heartland Extraction Plant project in Alberta's Industrial Heartland, a CAD 570 million straddle plant tied to a new and expanded ethane supply agreement with Dow Chemical targeting 57,500 bpd by 2030.
Canada's Ksi Lisims LNG has signed a preliminary 20-year agreement to supply 1 million metric tons of LNG annually to Germany's SEFE, marking the first Canadian LNG export commitment to Europe.
A nearly $27 million bridge replacement project on US-75 at 81st Street in Tulsa begins this week, with construction expected to run through late 2027. Sherwood Construction Co. holds the contract.
SOLV Energy and Matrix Renewables have started construction on the 457-MW Tormes Solar Project in Navarro County, Texas, with roughly 450 construction jobs expected during the build.
Minnesota-based NOG acquires a 25% non-operated interest in Duvernay shale light-oil assets from Parallax Energy for CAD 350 million, signaling growing US investor appetite for Alberta plays.
