CNPC to take $2.2 billion stake in Encana Duvernay The China National Petroleum Company (CNPC or PetroChina) speeds up acquisitions of interests in Canada with the $2.2 billion offered to the local Encana for stake in the Duvernay oil sand project. According to the deal reached between the parties, PetroChina will take, through its wholly-owned subsidiary […]
ReadLeading North American energy producer Born in 2002 in Calgary, Alberta, from the merger between PanCanadian Energy Corporation (PanCanadian Energy) and Alberta Energy Company Ltd (Alberta Energy), Encana is operating in oil and gas exploration and production in North America. Headquartered in Calgary, Encana is listed in Toronto and New York Stock exchanges. Created in the 1880s […]
ReadRosneft to lead pilot project in Bazhenov formation In line with the strategic cooperation agreement signed in August 2011, Rosneft and ExxonMobil signed a Pilot Development Agreement to explore and produce tight oil from the Bazhenov and Achimov formation in the Western Siberia. According to the terms of the Pilot Development Agreement, Rosneft and ExxonMobil will create […]
ReadCNPC to pay BHP $1.6 billion for 10% of Browse LNG The super giant China National Petroleum Corporation (CNPC or PetroChina) is to acquire the 10% stakes held by BHP Billiton in the $40 billion capital expenditure Browse LNG project. In practice the transaction is based on PetroChina to pay $1.6 billion to BHP Billiton for: – […]
ReadShaping the Future AMEC plc (AMEC) started engineering activities in Canada more than 100 years ago when the Montreal Engineering Company (MEC) was established in 1907. In 1992, AGRA took over MEC to create AMEC. Today, AMEC is listed in London Stock Exchange and is building up its market leadership in focusing on engineering services […]
ReadOGS and Samsung won Lavaca Bay LNG project FEED Excelerate Energy LP (Excelerate) is planning to convert its Lavaca Bay liquefied natural gas (LNG) terminal into export LNG facility. Located at Lavaca Bay on the Texas Gulf Coast, the Excelerate export LNG project should be the first one in USA to be designed with a floating LNG […]
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