Alberta Premier Danielle Smith defended the MOU signed with the federal government on Friday, saying the deal is working to open the door to more oil and gas production and egress out of the province.

The federal government’s commitment to reduce project approval timelines down to a maximum of one year is welcome but more needs to be done, Alberta Premier Danielle Smith said Friday.

There are a few more steps ahead before Alberta submits its proposal for a one million bbls/d West Coast pipeline in June, Premier Danielle Smith said Friday.

Enbridge Inc. is increasing its gas storage capacity in Canada and the U.S. Gulf Coast, said president of gas transmission Matthew Akman on its first quarter 2026 earnings call. 

Clean fuels can deliver economic value across the supply chain but need predictable, technology-neutral policy to spur investment, said a manager at Imperial Oil Limited, which produces renewable diesel in Alberta.

Pembina Pipeline Corporation executives said Prince Rupert propane exports are well-positioned despite market volatility because of firm shipping arrangements, while infrastructure expansions are expected to support LNG-driven liquids growth.

Pembina Pipeline Corporation increased its 2026 adjusted EBITDA guidance largely on expectations of stronger contributions from its marketing business for the remainder of the year.

In May, Journey Energy Inc. intends to begin marketing a significant number of assets through TPH & Co.

Petrus Resources Ltd. continued to execute its Ferrier-focused development program during the first quarter, with drilling progressing as planned and eight (7.1 net) wells drilled.

Cardinal Energy Ltd. is increasing its 2026 budget to $205 million (previously $160 million) and is also lifting its planned ARO expenditures by 50 per cent or $5 million, to $15 million in 2026.

Cardinal Energy Ltd. founder and chief executive officer, Scott Ratushny, will be transitioning to executive chair and chief executive officer effective May 7, 2026.

ACT Energy Technologies Ltd. reported revenues of $144.5 million in 2026 Q1, up seven per cent compared to $135.4 million one year ago.