Oscar 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 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.
SLB OneSubsea and Subsea7 have signed a long-term strategic collaboration agreement with Equinor.
READ MORECanada's USD 24.7-billionTrans Mountain Expansion (TMX) oil pipeline has begun operations.
READ MOREAs an established global petrochemicals exporter, Trinidad is well positioned to take the lead as a green commodity producer.
READ MOREBaker 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 private sector."
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 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…
READ MOREEgbert Faibille Jnr., CEO of Ghana’s Petroleum Commission, talks to The Energy Year about the Commission’s role in promoting upstream activity, its strategy for…
READ MOREStena Drilling has signed a contract with ExxonMobil for use of its Stena Forth drillship for exploration works off the Canadian coast of Newfoundland and Labrador, the…
READ MOREBaker Hughes has invested in Canada’s Ekona Power for its developments in turquoise hydrogen, the US oilfield services company announced on Tuesday.
The investment…
READ MOREQatarEnergy has signed a deal with ExxonMobil for 40% interest in an offshore exploration licence in Newfoundland and Labrador in Canada, the Qatar state-owned E&P…
READ MORESuncor Energy has announced a restructuring of ownership on its Terra Nova FPSO as part of the Canadian government’s Asset Life Extension Project to support onshore…
READ MORECanada’s Imperial Oil will process vegetable oil into renewable diesel, the Calgary-based company announced on Wednesday.
The move would see the 191,000-bpd…
READ MOREShell revealed plans to build a carbon capture and storage (CCS) asset in Alberta, Canada, on Tuesday.
The Polaris CCS project will connect to Shell’s Scotford…
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