NEWS
Multinational - April 21, 2021
Australian lithium miner Orocobre will merge with rival Galaxy Resources to form the world’s fifth-largest lithium chemicals company, valued at USD 3.09…
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Canada 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.
NEWS
Multinational - May 02, 2024
SLB OneSubsea and Subsea7 have signed a long-term strategic collaboration agreement with Equinor.
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NEWS
Canada - April 30, 2024
Canada's USD 24.7-billionTrans Mountain Expansion (TMX) oil pipeline has begun operations.
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Articles
Trinidad and Tobago - April 23, 2024
As an established global petrochemicals exporter, Trinidad is well positioned to take the lead as a green commodity producer.
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NEWS
Canada - April 05, 2024
Baker Hughes will supply a range of electric-driven liquefaction technologies to the Cedar LNG project in Canada.
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NEWS
Canada - April 01, 2024
Canada's energy minister has said the country will not subsidise future LNG projects, calling such investments the "role of the private sector."
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NEWS
Malaysia - March 19, 2024
Malaysia's Petronas is eyeing new investments in the Atlantic Basin in a bid to boost its global LNG market share to 10%.
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NEWS
Canada - March 25, 2021
Canada’s main oil-producing province is set to see the nation’s fastest growth in renewable energy development from 2018 to 2023, the Canada Energy Regulator said on…
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Interview
Abu Dhabi - March 02, 2021
Mahesh Patil, managing director of Horizon Group of Companies, talks to The Energy Year about the company’s approach to services provision and its recently launched…
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NEWS
Multinational - December 11, 2020
Oil was down ever so slightly on Friday morning in Asia, with prices holding on after a sharp rally overnight, as the rollout of Covid-19 vaccines increased hopes that…
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NEWS
Multinational - December 10, 2020
Oil was up on Thursday morning in Asia, with the UK’s rollout of a Covid-19 vaccine and the imminent arrival of the same vaccine in the US spurring hopes of a…
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Interview
Trinidad and Tobago - October 26, 2020
Dominic Rampersad, president of Phoenix Park Gas Processors Limited (PPGPL), talks to The Energy Year about how the company plans to remain competitive in a volatile…
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NEWS
Multinational - April 29, 2020
Oil was up on Wednesday morning in Asia after the American Petroleum Institute (API) estimated an almost 10-million-barrel build in crude oil inventories for the week…
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NEWS
Multinational - April 06, 2020
Oil prices slid in Asia on Monday morning as OPEC+ delayed a meeting scheduled for later in the day to Thursday.
International Brent Oil Futures lost 6% to $32.74 by…
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NEWS
Multinational - April 03, 2020
Oil prices fell on Friday morning in Asia as investors express doubts about a US-mediated truce between Russia and Saudi Arabia.
US Crude Oil WTI Futures jumped…
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NEWS
Multinational - March 17, 2020
Oil prices rose in morning trade in Asia Tuesday, recovering from recent sharp losses due to the coronavirus outbreak and uncertainties surrounding the price war…
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