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TransCanada expands British Columbia NGTL System NOVA Gas Transmission Limited (NGTL), a wholly owned subsidiary of the Calgary-based midstream company TransCanada Corporation (TransCanada), received the Canada National Energy Board (NEB) approval for its North Montney Mainline pipelines system project to be developed in the northeastern British Columbia. The North Montney Mainline pipeline project results from […]

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CNPC to join Petroecuador in Ecuador Refinery project The giant China National Petroleum Company (CNPC or PetroChina) is currently in discussion with the national oil companies (NOCs) Petroecuador and Petroleos de Venezuela SA (PDVSA) to take a stake in the Ecuador Refineria del Pacifico project. With a production of 500,000 barrels per day (b/d), Ecuador […]

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CNOOC and Petronas to acquire Nexen and Progress On December 7th, 2012, Canada Prime Minister John Harper announced the approval for two national oil companies China National Offshore Oil Company (CNOOC) and Petronas from Malaysia to acquire respectively:  – Nexen Inc. (Nexen)  – Progress Energy Resources Corp. (Progress) For Nexen, CNOOC is ready to pay $15.1 […]

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Camisea gas for the $3.5 billion Peru Southern Project  Brazilian and Peruvian Governments have approved the Camisea Southern gas pipeline project, the Integrated Petrochemical Complex planned by Braskem and PetroPeru will get the necessary ethane feedstock.  Odebrecht will lead the Brazilian  consortium to build the $5 billion capital expenditure Peru’s Southern Andean Gas Pipeline from the Camisea gas fields to Quillabamba to supply a […]

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