Reyna Margarita Plascencia, project manager of R.H. Shipping, talks to The Energy Year about the company’s major oil and gas projects, its competitive advantages and…
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 MOREMEDENG is a pioneering multi-phase flow meter (MPFM) technology provider for the oil and gas industry, with its main headquarters in Calgary, Canada. The company…
READ MORETotalEnergies has announced plans to spin off its Canadian oil sands operations into a separate entity as the assets do not fit within its low-emissions strategy, the…
READ MORERudolf 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 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…
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