Expect a final investment decision on LNG Canada Phase 2 by the end of 2026, Shell plc chief executive officer Wael Sawan said this morning on a call discussing its acquisition of ARC Resources Ltd.

Shell plc’s C$22-billion acquisition of ARC Resources Ltd. announced yesterday was driven by ARC’s strong condensate and liquids assets, with its gas production providing optionality for the future, said chief executive officer Wael Sawan this morning.

Alberta and federal negotiators continue working to finalize the MOU signed last November that the province hopes will pave the way for a West Coast oil pipeline project, Premier Danielle Smith said late last week.

Defence organizations are increasingly viewing hydrogen not just as a low-carbon solution, but as a way to keep equipment running longer, reduce dependence on vulnerable fuel supplies, and improve operational flexibility.

Lotus Creek Exploration Inc. invested a total of $14.4 million of capital during the first quarter of 2026, which included successful drilling activity in Wilson Creek, and the commissioning of a new treater in Wilson Creek which will become fully operational in the second quarter.

Lotus Creek Exploration Inc. has approved an increase in the 2026 capital budget from $42.0 million to $50.0 million.

Coelacanth Energy Inc. plans to focus its capital on drilling in 2026 and 2027, after completing facility work last year at its Montney acreage at Two Rivers in northeast B.C.

Black Diamond Group Limited announces the expansion of its secured, asset-based, revolving credit facility.