Canada Key Projects and Business Highlights
The projects and acquisitions announced on first half 2013 by the international oil companies (IOCs) such as Apache, BG Group (BG) , Chevron, ExxonMobil, Idemitsu, Shell or TransCanada, and by national oil companies (NOCs) such as China National Petroleum Company (CNPC or PetroChina) or Petronas confirm the strategic evolution of the energy policy in Canada.
Until 2012, USA was appearing as the most important and nearly unique customer for Canadian oil and gas exports.
But the development of the shale gas in a first step and now of the tight oil in USA, converted USA from the privileged first client status to the most preferred competitor position.
All the north to south pipelines projects and upgraded projects have been put on hold to transfer resources on west to east pipelines projects and the development of the shale gas and associated gas in Western Canada.
Focusing on the Asia market, Canada is expecting to short cut Australian and US exports of liquefied natural gas (LNG) with the accumulation of LNG Trains project on the west coast of British Colombia.
After a short pause on the capital expenditure in Alberta and British Colombia, Apache, BG Group (BG), Chevron, PetroChina, ExxonMobil, Idemitsu, Imperial Oil (Imperial), Petronas, Shell or TransCanada are rivaling in quantity and sizes of projects in Canada.
Exxon and Imperial apply for West Coast LNG plant
The super major company, ExxonMobil Corp (ExxonMobil) and its Canadian partner Imperial Oil (Imperial) submitted an application to the National Energy Board (NEB) to export up to 30 million t/y of liquefied natural gas (LNG) from the British Columbia West Coast to Asia.
British Columbia LNG project in design competition
The Malaysia national oil company Petronas and its partner Japan Petroleum Exploration Corporation Ltd (Japex) are opening a design competition for the greenfield Pacific Northwest LNG project in British Columbia, Canada.
ExxonMobil and partners to invest $14 billion by 2017
ExxonMobil, Chevron, Suncor Energy (Suncor), Statoil and Nalcor Energy Oil and Gas (Nalcor) made the final investment decision (FID) to develop the Hebron offshore oil field project in Canada.
PetroChina to increase stake in Canada shale gas
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.
TransCanada to connect with Pacific Northwest LNG
Petronas from Malaysia and its Calgary based subsidiary, Progress Energy Canada, selected TransCanada to design, build, own and operate (BOO) the Prince Rupert gas transmission project in British Columbia.
