Canada | Egypt Oil & Gas - Part 3
Cenovus, Husky Announce Merger
Cenovus Energy and Husky Energy have announced a transaction to create a new Canadian oil and natural gas company with an integrated upstream and downstream portfolio which will provide increased funds, according to a...
Alberta Set to Increase Production Ahead of Schedule
Canada’s most prolific oil-producing province, Alberta, is set to increase its crude production in December ahead of schedule as coronavirus-related shutdowns ease pipeline congestion, according to Reuters. This is a...
Ofinitiv Cancels JV with PetroChina
One of the largest independent producers of crude oil and condensate in North America, Ovintiv Canada ULC, has finalized an agreement with PetroChina Canada (PCC) to terminate the parties’ joint venture (JV) and...
ConocoPhillips Completes Montney Acreage Acquisition
US supermajor ConocoPhillips has announced its completion of the Montney acreage acquisition in Canada from Kelt Exploration for a total of $390 million, according to a press release. The company also assumed approxim...
Aker Solutions Extends EPC Contract in Canada
Aker Solutions has been awarded a five-year engineering, procurement, and construction (EPC) contract extension by ExxonMobil for the Hebron platform in Canada, according to a press release. Linda Aase, executive vice...
Saudi-Canada Dispute Will Not Affect Oil Supplies: Al-Falih
Saudi Arabia’s petroleum exports worldwide will not be affected by the ongoing diplomatic dispute between the kingdom and Canada, Energy Minister Khalid Al-Falih affirmed on August 9, Arab News reported. Al-Falih stat...
Oil Rises on Iran Supply Concerns
Oil prices rose on June 27 after US officials ramped up pressure on its allies to end imports of Iranian crude by November, Reuters reported. Brent crude futures reached $76.61 per barrel at 08:00 GMT, 30 cents higher...
UAE, SNC-Lavalin Agree Refinery Contract
Canadian firm SNC-Lavalin has won a contract for with Dubai-based Florexx International Investments for the basic engineering, design and construction of an advanced topping refinery in the UAE, TradeArabia reported. ...
