Canada Key Projects and Business Highlights 2014
The more TransCanada Keystone XL Pipeline project is running far from any decision in the USA, the more the Canadian projects are gearing up under the impulsion of international oil companies (IOCs) such as Japan Petroleum and Exploration Corporation Ltd (Japex), Kinder Morgan Inc., Shell, Suncor, Total, and national oil companies (NOCs) such as Indian Oil Corporation Ltd (Indian Oil) or Petronas.
With 2,500 kilometers long this pipeline should start in Alberta to carry heavy crude oil from the Canadian bitumen down to the US hub of Cushing in Oklahoma in coming across the States of Montana, South Dakota, and Nebraska.
But with the development of the shale gas first and then with the shale oil, these two countries have moved from close partnership to friendly competition on export markets, both ways to Asia and to Europe.
Anyway Canada is a wide country so that in the meantime that TransCanada deploys its eastern network, some Province such as Ontario will have better to continue to import hydrocarbons products from the liquid-rich gas fields from northern USA.
This race between the midstream companies to deploy their respective network encourage Japex, Shell, Suncor, Total, Indian Oil Corporation or Petronas to speed up the development of their respective projects in Canada.
British Columbia Province Authorities have approved Petronas Pacific Northwest liquefied natural gas (PNW LNG) export terminal project and its related TransCanada Prince Rupert Gas Transmission (PRGT) pipeline project on the Canada west coast. The joint venture Progress Energy Canada Ltd (Progress Energy) and its stakeholders, the national oil company (NOC) Petronas, Japan Petroleum and Exploration Corporation Ltd (Japex),Indian Oil Corporation Ltd (Indian Oil) and Petroleum Brunei made a major step
The North America midstream leader Kinder Morgan Inc. (Kinder Morgan) is preparing, through its subsidiary Kinder Morgan Energy Partners L.P., the construction of the Utica to Ontario Pipeline Access (UTOPIA) pipeline to export refined or fractionated natural gas liquids (NGL) from the Utica shale gas basin in the northeast of USA to the Ontario Province in Canada.
The Calgary-based Husky Oil Operations Limited (Husky) and its partners, Suncor Energy Inc. (Suncor), also from Calgary, and Nalcor Energy (Nalcor) from Newfoundland and Labrador, completed the design for the White Rose Expansion Project (WREP) offshore the Newfoundland and Labrador Province on the Canada east Coast.
Registered in Vancouver, British Columbia (B.C.), the newly established company Steelhead LNG Corporation (Steelhead LNG) signed with the Huu-ay-aht First Nations (HFN) an Opportunity Development Agreement to jointly design and build a liquefied natural gas (LNG) project on the Sarita Bay on the west coast of Vancouver Island in British Columbia, Canada.