Mergers & Acquisitions:

• Gibson Energy Inc. (TSX:GEI) closed the $400MM acquisition of Teine Energy Ltd.’s Chauvin infrastructure assets. The acquired assets include a crude oil gathering pipeline system and associated infrastructure connecting Chauvin to the Hardisty oil hub.

• De Pere, WS based FyterTech Nonwovens LLC, a provider of fluid management and environmental safety solutions, announced the acquisition of Calgary based Spill Solutions Canada o/a ESP Canada, a company that specializes in spill control and containment solutions. The acquisition strengthens FyterTech’s Canadian market presence and enhances its technical depth.

• E&P: Questerre Energy Corp. closed the $23.5MM sale of its non-operated minority working interest in select Kakwa Central assets.

Financing:

• Western Energy Services Corp. (TSX:WRG) entered into an agreement with its lender, AIMCO to amend its second lien term loan facility. The facility’s maturity date has been extended from May 18, 2027 to July 18, 2028 to improve financial flexibility.

Other:

• According to LSEG, LNG Canada exported over 1MM metric tons of LNG in April 2026, a new monthly record. Current full capacity would be ~1.16MM tons per month.

• The U.S. government signed an order to authorize Bridger Pipeline’s proposed pipeline to transport Canadian crude from the Canada-U.S. border to Wyoming. The pipeline is projected to increase Canadian crude exports to the U.S. by over 12% upon completion.

• The Alberta Energy Regulator (AER) suspended MAGA Energy Ltd.’s operations citing non-compliances including unpaid municipal taxes, AER and Orphan Well Association debt, and an assessment that it is unable to fulfill its regulatory and liability obligations. MAGA currently holds 581 wells, 108 facilities and 801 pipeline segments.

• The Bank of Canada held its key interest rate at 2.25% last Wednesday, the fourth consecutive time unchanged.