Posts Tagged ‘Calgary’

Transcanada 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 […]

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Murphy Oil Corporation in Brief

International oil and gas company growing upstream Murphy Oil Corporation (Murphy) was originally established in Lousiana in 1950 as Murphy Corporation but is today headquartered in El Dorado, Arkansas, USA, and listed in the New York Stock Exchange. Murphy leads exploration in many countries and produces oil and natural gas mostly from […]

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MEG to increase Christina Lake enhancement program by 30%

$185 million program to boost production by 30% MEG Energy Corp (MEG) from Calgary in Alberta, Canada, announced last July to revise upward its Christina Lake oil field production enhancement program called RISER. Christina Lake is an in situ oil sands field located 150 kilometers south of Fort McMurray in […]

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Recoverable Reserves

Definition Recoverable reserves are defined as the proportion of resources, here oil and gas, that can be technically, economically and legally possible to extract. The recoverable reserves may also be called proven reserves. Comments The recoverable reserves may be far different from the total resources called total Petroleum Initially-In-Place (PIIP). This Petroleum Initially-In-Place (PIIP) is an […]

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Imperial Oil awards $300 million Kearl Expansion to CB&I

ExxonMobil to boost oil sand production in Canada Through Imperial Oil Ltd (Imperial Oil), ExxonMobil is planning to double upstream production capacity in Canada in the period 2010 – 2020 supported by $30 to $40 billion capital expenditure. Imperial Oil is an ExxonMobil company based in Calgary and operating  oil and […]

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CNOOC and Sinopec to pump $20 billion in upstream acquisitions

CNOOC and Sinopec target Nexen and Talisman assets July 23rd 2012, the Chinese CNOOC Ltd (CNOOC) announced to have signed an Arrangement Agreement with Nexen for the acquisition of the Nexen shares listed in Toronto and New York Stock Exchanges. The aggregate value of the proposed acquisition is approximately $15.1 billion […]

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Malaysian Petronas runs global with Canadian Progress takeover

Petronas to pay $5.3 billion Progress Energy Resources  The Malaysian NOC Petronas and the Canadian Progress Energy Resources (Progress) have signed an agreement for a friendly takeover of Progress by Petronas. The integration will be done through Petronas Canada to remain based in Calgary, Alberta, for upstream with commercial office […]

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Statoil to invest $210 million to enter Australian shale gas

Statoil and PetroFrontier signed deal on Southern Georgina Basin  Statoil ASA (Statoil) from Norway and PetroFrontier Corp. (PetroFrontier) from Canada have signed a binding “Farm-in Agreement” to farm into shale gas PetroFrontier’s four exploration permits (EPs) and two exploration permit applications (EPAs) in the Southern Georgina Basin, Northern Territory, Australia. In this Farm-in-Agreement, […]

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