Repsol YPF, Irving Oil to collaborate on Canadian LNG project
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Spanish oil firm Repsol YPF SA said Friday it had agreed with Irving Oil of Canada to develop the first liquefied natural gas terminal on the eastern Canadian coast to supply markets in eastern Canada and the US northeast.
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Abu Dhabi National Energy, a state-controlled United Arab Emirates investor in oil and power assets, agreed to buy the Canadian unit of Pioneer Natural Resources for $540 million. Production at the Canadian unit of Pioneer, based in Irving, Tex., is more than 10,000 barrels of oil equivalent a day and will help Abu Dhabi National come closer to its goal of producing 100,000 barrels a day.
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Russia said Thursday that China Petroleum &amp; Chemical Corp., Asia&#39;s biggest oil refiner, may join Royal Dutch/Shell Group&#39;s Sakhalin-2 project in the Pacific and buy liquefied natural gas from the venture&#39;s offshore fields.
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ConocoPhillips said on Wednesday it was seeking 20 percent in Russia&#39;s LUKOIL in a far-reaching alliance opening the way for the two oil majors to tap vast reserves in northern Russia and Iraq.
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Nova Chemicals Corp. said Monday that it is selling its stake in an Alberta ethane pipeline to Canada&#39;s Fort Chicago Energy Partners LP for cash proceeds of about $78 million.
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Royal Dutch Shell  and its partners in the $22 billion Sakhalin-2 project have accepted cash and a promise of future cooperation with Gazprom  in a deal to let the Russian firm into the venture, a source close to talks between the companies said on Tuesday.
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Norwegian energy giants Statoil and Norsk Hydro unveil plans to merge their offshore oil and natural gas operations.
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Norwegian oil company Statoil said Friday it had set up the biggest liquefied natural gas (LNG) project in Europe in the Barents Sea.
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TORONTO, June 19 -- Ontario on Tuesday offered financial incentives to encourage production of "green" cars and fuels, the latest sign of competition among Canada's provinces to address global warming.
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The International Energy Agency on Tuesday urged major Asian economies to work together to develop oil and natural gas fields in Siberia, and offered to act as a go-between.
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By Kristopher Hanson, Press-Telegram, Long Beach, Calif.  Mar. 7--LONG BEACH, Calif. -- An energy company seeking to build a pair  of floating liquefied natural gas terminals off the coast of Long Beach said  Tuesday it will begin seeking approval for the project in the near future.
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Mexico has chosen Canada&#39;s Nova Chemicals Corp. as a &quot;strategic partner&quot; to develop the Phoenix petrochemical project, and prop up a struggling national energy industry with billion-dollar investments.
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Chinese energy companies are on the verge of striking deals in Canada in efforts to win access to some of the most prized oil reserves in North America.
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Eagle Plains Resources Ltd. (TSX-V: EPL) (PINKSHEETS: EGPLF) and Wellstar Energy Corporation (TSX-V: WST) announce that crews have now mobilized to the Kulyk Lake project area, and will begin systematically mapping and sampling all known occurrences.
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A top environmental group said on Thursday it had agreed to probe an oil and gas project led by Royal Dutch/Shell off the Russian far east coast because of fears it threatens endangered whales.
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The deal will create a global offshore oil giant Energy firms Statoil and Norsk Hydro have unveiled plans to merge their offshore oil and gas operations, creating a global industry giant.Comment
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The U.S. Department of Energy has designed a Web program to help oil and natural gas companies solve the environmental challenge of produced water.