BC
Total to acquire ShaMaran Taza oil field in Kurdistan The Canadian ShaMaran Petroleum Corp (ShaMaran) announced this week to have sold its interests to the French major Total in the Taza oil field in Kurdistan. Last month Total had signed with the US Marathon Oil Company (Marathon) a Farm-in Agreement to acquire 35% of the working interests in the Harir and Safen Blocks in the Kurdistan region, northeast […]
Petronas to pay $5.3 billion Progress Energy Resources The Malaysian NOC Petronas and the Canadian Progress Energy Resources (Progress) have signed an agreement for a friendly takeover of Progress by Petronas. The integration will be done through Petronas Canada to remain based in Calgary, Alberta, for upstream with commercial office in Vancouver,BC, for LNG. The […]
PetroChina to secure its oil supply chain from Athabasca Fort McMurray to Kitimat, BC Step by step the China National Petroleum Company (CNPC or PetroChina), is putting in place all the pieces of its upstream puzzle from Athabasca, Alberta oil sands fields to Kitimat, BC. In 2011, PetroChina payed $1.9 billion capital expenditure to Athabasca Oil […]
Definition SAGD is the acronym of Steam Assisted Gravity Drainage. The Steam Assisted Gravity Drainage is a process to produce oil from tar-sands. Comments The SAGD process has been developed in Ontario, then in Alberta by Imperial Oil (ExxonMobil) in the years 1970s. Canada holds the most important reserves of extra heavy crude oil, also called […]
Liard Basin tops best shale gas fields in North America The Houston, Texas-based, Apache Corporation (Apache) announced the shale gas Liard Basin in British Columbia (BC), Canada, to contain 48 trillion cf of marketable natural gas. In addition the tests performed by Apache through three wells have reported that the shale gas of the Liard Basin is among “the […]
After Kitimat LNG, LNG Canada will boost LNG Export Shell Canada Limited, Korea Gas Corporation (KOGAS), Mitsubishi Corporation (MC), and PetroChina Company Limited (PetroChina or CNPC) today announced they are jointly developing a proposed liquefied natural gas (LNG) export facility near Kitimat, British Columbia,Canada. The demand for natural gas, the cleanest burning fossil fuel, remains […]
Apache, EOG and Encana lead British Columbia gas development for export The Kitimat LNG project started in 2006 with the signature of a partnership agreement with the Haisla First Nations It took a decisive step forward in 2010 when Apache purchased a majority interest in the proposed project. Today Kitimat LNG is owned: – 40% […]
