TransCanada, Petro-Canada to Develop Gas Terminal
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TransCanada Corp., Canada&#39;s largest pipeline operator, and oil company Petro-Canada plan to jointly develop aC$660 million ($504 million) terminal in Quebec to import liquefied natural gas amid growing demand for the fuel.
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Nova Chemicals Corp., Canada&#39;s largest chemical maker, will join Petroleos Mexicanos, Mexico&#39;s state-owned oil company, and two other partners to study a plan to build a $2 billion petrochemical complex in Mexico.
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Shell Oil Co on Friday announced the final investment decision to begin construction on a 325,000 barrel-per-day capacity expansion project at a refinery in Port Arthur, Texas.
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CALGARY, ALBERTA - The number of oil and gas wells to be drilled in Canada next year could climb 8 percent to a record because of a surge in coal-bed methane activity, the oil-field service industry predicted last week.
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Total will develop one of the worldâs largest natural gas deposits offshore in the Arctic with Russiaâs gas giant Gazprom, despite the risk of nationalization.
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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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CALGARY - Shell Canada Ltd. and its partners will undertake a massive $4-billion expansion at its oilsands project in Alberta&#39;s northeast, despite cost overruns of billions of dollars on the initial construction
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Ottawa has set a price per share of C$64.50 ($50.42) in the sale of its 19 percent stake in Petro-Canada (PCA.TO: Quote, Profile, Research) , as analysts
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CALGARY, Alberta  - TransCanada Corp , the only company whose Alaska gas pipeline proposal has been deemed acceptable to the state, is planning a $26 billion project that would connect with its Alberta hub, a TransCanada spokeswoman said on Friday.
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The federal government&#39;s sale of its remaining 19% stake in Petro-Canada is imminent, ending Ottawa&#39;s 29-year presence in the oilpatch, say sources in the investment community and the oil producer.
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TORONTO - Ontario Premier Dalton McGuinty says gas sold in the province will have to contain at least five per cent ethanol within three years.
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Units of three energy companies, including Juno Beach-based FPL Group Inc., Tuesday said they have joined forces to develop a multimillion-dollar project that includes building a liquefied natural
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A consortium led by Royal Dutch/Shell Group that is developing gas reserves off Russia's Sakhalin Island said Thursday it has struck a &#36;6 billion deal to supply liquefied natural gas, or LNG, to energy-hungry North America.
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Canada&#39;s government has set the price for the sale of its remaining 19 percent in oil company Petro-Canada, raising C$3.18 billion ($2.
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MOSCOW  - Prime Minister Mikhail Fradkov signed off Friday on a project to build an oil pipeline stretching from eastern Siberia to the port of Pervoznaya on Russia's Pacific Coast.
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Ontario, Canada, Premier Dalton McGuinty has said gas sold in the province will have to contain five percent ethanol within three years.
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Natural gas distributor Enbridge Inc. announced a US$613-million buy south of the border on Tuesday that establishes it as a major gas transporter in the Gulf of Mexico.