NEWS
Canada - November 08, 2018
BHP has won 100% stakes in blocks 8 and 12 in the Orphan Basin offshore Canada, the company announced on Thursday.
The news came a day after Equinor announced…
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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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Interview
Trinidad and Tobago - November 5, 2018
Krishna Persad, founder and CEO of the KPA Group, talks to TOGY about the geology of Trinidad and Tobago and the region, the country’s hydrocarbons profile, and…
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NEWS
Multinational - October 29, 2018
Oil prices inched down on Monday morning in Asia, despite a bounce in the region’s stock markets. Investors remained cautious after a sell-off last week that could…
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Interview
Oman - October 23, 2018
Sultan Al Burtmani, acting executive managing director of Oman Gas Company (OGC), talks to TOGY about integrating the gas network with upstream and downstream projects…
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NEWS
Canada - October 09, 2018
A large explosion occurred at Irving Oil’s Saint John refinery in the Canadian province of New Brunswick, international media reported Monday.
Several refinery…
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NEWS
Canada - October 03, 2018
Fluor Corporation and JGC Corporation have won a USD 14-billion engineering, procurement, fabrication and construction contract for the LNG Canada project, the US EPC…
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NEWS
Multinational - October 02, 2018
Canada at the last moment has joined an agreement with Mexico and the USA to replace NAFTA, international media reported on Monday.
The agreement, called the United…
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NEWS
Multinational - October 01, 2018
Shell and its partners have made an FID on the CAD 40-billion (USD 31-billion) LNG Canada project, international media reported on Monday.
Bloomberg reported the…
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NEWS
Canada - August 24, 2018
Enbridge will buy the outstanding public common shares of its US subsidiary Spectra Energy Partners (SEP) for USD 3.3 billion, the Canadian pipeline operator announced…
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NEWS
Multinational - July 10, 2018
Crude oil prices rose on Tuesday amid supply shortages, as Iran vowed to sell as much oil as it could.
West Texas Crude oil futures rose 0.84% to $74.47 a barrel as…
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