Rudolf Hess, president and CEO of R.H. Shipping, talks to The Energy Year about how the company has consolidated its local and global presence, its logistical support…
READ MORECanada Overview
in figures
Oil Reserves168.1 billion barrels
Oil Production5.43 million bopd
Gas Reserves2.4 tcm
Gas Production172.3 bcm
Canada: New Frontiers in Energy
The world’s third largest holder of oil reserves, third largest natural gas producer and biggest source of US energy imports, Canada – fuelled by abundant oil sands – is now looking east to Asian markets as US demand levels off, production rises and the Keystone XL pipeline project drags on.
Chinese companies, including PetroChina and its China National Petroleum Corporation parent company have invested in the oil sands and other parts of Canada’s energy sector.
The participation of international oil companies, both private and state-owned, in Canada’s oil industry has risen rapidly. With 168 billion barrels as of the end of 2013, the oil sands represent 96 percent of Canada’s oil reserves. However, getting oil sands bitumen to market is no easy task. In order for the oil sands region to reach its potential, significant challenges must be overcome.
Undaunted by the challenges and renowned for its innovative companies and operators used to working in unconventional reservoirs Canada is determined to get maximum benefit out of its massive supply of hydrocarbons, including its 2 tcm (71 tcf) of proved natural gas reserves.
Baker Hughes will supply a range of electric-driven liquefaction technologies to the Cedar LNG project in Canada.
READ MORECanada's energy minister has said the country will not subsidise future LNG projects, calling such investments the "role of the…
READ MOREMalaysia's Petronas is eyeing new investments in the Atlantic Basin in a bid to boost its global LNG market share to 10%.
READ MORECenovus Energy, Canada's third-largest oil producer, plans to raise its overall production by 19% in the coming five years.
READ MOREBraya Renewable Fuels has launched renewable diesel production at its refinery in Newfoundland and Labrador, Canada.
READ MOREChevron has voluntarily relinquished the last oil and gas development permits off Canada's Pacific Coast.
READ MOREArturo Méndez Hidalgo, CEO of Armebe y Menher, talks to The Energy Year about competition in the LPG cylinder manufacturing environment in Mexico and the company’s…
READ MOREEnbridge and integrated energy company Pacific Energy have signed an agreement to jointly invest in the construction and operation of the Woodfibre LNG project in…
READ MOREExxonMobil has signed an agreement to sell its Montney and Duvernay unconventional plays in Canada to local E&P player Whitecap Resources for USD 1.47 billion, the…
READ MOREBP has signed a deal with Cenovus Energy to acquire its 35% stake in the deep-water Bay du Nord project in Canada, the British super-major announced on Monday.
The…
READ MORECenovus Energy has agreed to restart the West White Rose oil project offshore Newfoundland and Labrador, Canada, the local integrated oil and gas company announced…
READ MOREMehmet Öğütçü, CEO of Global Resources Partners and chairman of the London Energy Club, talks to The Energy Year about changes in the global energy picture brought…
READ MOREOscar Gonzalez, vice-president for Latin America at NDT Global, talks to The Energy Year about the condition of Mexico’s pipeline network, the issues of illegal…
READ MOREThe government has approved Equinor’s Bay du Nord offshore oil project in Newfoundland and Labrador, Canada, Reuters confirmed on Thursday.
The USD 12-billion…
READ MORECenovus Energy has reached agreements to divest USD 517 million worth of assets, the Canadian integrated energy company announced on Tuesday.
The sale will see the…
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