Heritage Petroleum Procurement Scrutiny: Heritage’s $570.6M offshore production and compression facility for the West/Southwest Soldado fields is drawing industry pushback after an internal document shows a limited bidding process that pre-qualifies only three local firms and excludes international suppliers. Middle East Energy Shock Watch: With Iran–US tensions keeping pressure on the Strait of Hormuz, Brent has been trading around $100–$110/bbl, a level that can quickly flow through to fuel costs for countries that import refined products. Canada’s LNG and Energy Diplomacy: Canada is also positioning for more energy cooperation abroad, including an LNG-focused letter of intent with Malaysia and continued push for European LNG supply deals. US Import Shifts Toward Canada: US Energy Information Administration data shows the US took no crude from Iraq, Saudi Arabia or Libya in the latest week, while Canada supplied about 3.82M bpd—highlighting how quickly geopolitics can reroute oil flows. Nuclear/SMR Market Jolt: NuScale Power shares plunged about 65% after weak quarterly results, underscoring how fast investor sentiment can turn in Canada-linked clean power supply chains.