CNOOC and Petronas to acquire Nexen and Progress On December 7th, 2012, Canada Prime Minister John Harper announced the approval for two national oil companies China National Offshore Oil Company (CNOOC) and Petronas from Malaysia to acquire respectively: - Nexen Inc. (Nexen) - Progress Energy Resources Corp. (Progress) For Nexen, (more…)
Read moreTranscanada in brief
In Business to Deliver Headquartered in Calgary, Alberta, Canada, and listed at the Toronto Stock Exchange and NYSE, TransCanada is a leader in energy infrastructures in North America. With more than 60 years of experience and 4,200 employees, TransCanada is active in two types of business, pipelines and energy. In (more…)
Read moreNon-end drive to USA paves Enbridge way to Asia With the cancellation of the $16.2 billion Mackenzie Valley pipeline project, Canada integrates the new situation created in the USA with the exponential development of the shale gas these last years. Proposed in the 1970s and finally approved by the Canada’s (more…)
Read morePetroChina to secure its oil supply chain from Athabasca Fort McMurray to Kitimat, BC Step by step the China National Petroleum Company (CNPC or PetroChina), is putting in place all the pieces of its upstream puzzle from Athabasca, Alberta oil sands fields to Kitimat, BC. In 2011, PetroChina payed $1.9 billion (more…)
Read moreLiard Basin tops best shale gas fields in North America The Houston, Texas-based, Apache Corporation (Apache) announced the shale gas Liard Basin in British Columbia (BC), Canada, to contain 48 trillion cf of marketable natural gas. In addition the tests performed by Apache through three wells have reported that the shale gas of (more…)
Read moreAfter Kitimat LNG, LNG Canada will boost LNG Export Shell Canada Limited, Korea Gas Corporation (KOGAS), Mitsubishi Corporation (MC), and PetroChina Company Limited (PetroChina or CNPC) today announced they are jointly developing a proposed liquefied natural gas (LNG) export facility near Kitimat, British Columbia,Canada. The demand for natural gas, the (more…)
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