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Strength-Stability-Growth Headquartered in Calgary, Alberta, Veresen Inc. (Veresen) is the former energy infrastructure company Fort Chicago Energy Partners L.P company, established in 1997. Listed in Toronto, Ontario, Canada, Veresen changed named from Fort Chicago Energy Partners L.P. in January 2009. As energy infrastructure company, Veresen is running three businesses:  – Pipelines  – Midstream  – Power  The pipelines […]

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Delivering Organic Value Created in 1981 under the name of International Petroleum, the company became Lundin Petroleum (Lundin) as a result of the merger with the Sands Petroleum in 1997. Home-based in Stockholm, Sweden, Lundin is listed in Stockholm, Nasdaq and Toronto. Managed by the Lundin familly, Lundin is an independent company focusing on oil […]

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Methanex to invest $550 million to benefit from low shale gas prices Methanex produces about 3.8 million t/y of Methanol and is the world’s largest supplier of Methanol to major international markets with production units in Canada, Chile, Egypt, New Zealand and Trinidad.   Methanol is produces mainly out of natural gas, therefore the access to reliable and […]

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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 […]

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Statoil and PetroFrontier signed deal on Southern Georgina Basin  Statoil ASA (Statoil) from Norway and PetroFrontier Corp. (PetroFrontier) from Canada have signed a binding “Farm-in Agreement” to farm into shale gas PetroFrontier’s four exploration permits (EPs) and two exploration permit applications (EPAs) in the Southern Georgina Basin, Northern Territory, Australia. In this Farm-in-Agreement, Statoil will be the Farmor […]

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Shaw to sell Energy & Chemicals Group (mostly Stone & Webster) to Technip  On May 21st, 2012, The Shaw Group Inc (Shaw) and Technip announced to have closed a deal to the US based Energy & Chemicals Division, mostly made of Stone & Webster, to the France headquartered engineering company Technip for approximately $300 million. Under […]

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