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Pembina Pipeline is a midstream company serving the Canadian and North American (primarily Bakken) markets with an integrated product portfolio. Its operations include transmission pipelines, oil and gas gathering, fractionation, storage, and natural gas liquids exports. It also has a joint venture through the Cedar LNG export terminal.

Shell is an integrated energy company involved in the exploration, production, refining, and marketing of oil and natural gas, as well as the manufacturing and distribution of chemicals. The company operates across several segments, including upstream, integrated gas, downstream, and renewables and energy solutions. Founded in 1907, Shell is headquartered in The Hague, Netherlands, and operates in over 70 countries worldwide. Its strategic strengths include a diversified portfolio with significant investments in liquefied natural gas (LNG) and a growing focus on renewable energy and decarbonization efforts. The company's global presence and extensive supply chain network contribute to its significant competitive positioning in the energy sector.