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ExxonMobil steps in liquids-rich Montney shale acreage October 2012, ExxonMobil announced to acquire the Canadian company Celtic Exploration (Celtic) for the amount of $3.15 billion. ExxonMobil has already a strong presence in Canada since the 1940s in beginning with offshore exploration and production  in Nova Scotia with the Sable project and in Newfoundland with Hibernia project. […]

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In Business to Deliver Headquartered in Calgary, Alberta, Canada, and listed at the Toronto Stock Exchange and NYSE, TransCanada is a leader in energy infrastructures in North America.  With more than 60 years of experience and 4,200 employees, TransCanada is active in two types of business, pipelines and energy. In midstream activities, TransCanada builds its […]

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Majors work on alternatives to export North Slope gas  In October 2012, the major companies operating in Alaska, ExxonMobil, ConocoPhillips, BP and TransCanada submitted to the Alaska administration their first report for an Alaska liquefied natural gas (LNG) export project. Estimated to cost $45 billion to $65 billion capital expenditure, Alaska LNG should be one of […]

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Rosneft to buy TNK-BP from BP and AAR for $55 billion On Monday 22nd, 2012, Rosneft makes double win over the TNK-BP internal disputes between its key stakeholders BP and Alfa-Access-Renova (AAR) in closing deal with both parties to take over their respective 50% shares. On Monday morning BP and Rosneft signed Heads of Terms […]

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Non-end drive to USA paves Enbridge way to Asia With the cancellation of the $16.2 billion Mackenzie Valley pipeline project, Canada integrates the new situation created in the USA with the exponential development of the shale gas these last years. Proposed in the 1970s and finally approved by the Canada’s National Energy Board (NEB), the […]

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Joined expertise to focus on subsea EPCI contracts Technip, the French engineering company, and Heerema Marine Contractors, the Netherlands-based offshore contracting and services company, have signed a global alliance to join their respective expertise on the ultra deep water business. Home-based in Paris, France, Technip is one of the largest engineering company in the world […]

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Chevron Rosebank to unlock one fifth of UK’s reserves Chevron and its partners Statoil from Norway, OMV from Austria and Dong Energy (Dong) from Denmark selected WorleyParson and its subsidiary Intecsea to perform the front end engineering and design (FEED) of the facilities to develop the offshore Rosebank project in UK. The Rosebank field is […]

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