Canada

Americas

The $30bn exodus: Foreign oil firms bail on Canada

Capital keeps marching out of Canada’s oil industry, with Kinder Morgan Inc.’s sale of its remaining holdings in the country on Wednesday adding to more than $30 billion of foreign-company divestitures in the past three years.

Americas

Chevron seeks all-electric Canada LNG plant to cut emissions

Chevron Corp. is seeking approval to modify its plans for a liquefied natural gas export facility on Canada’s Pacific Coast to an all-electric design that it says will result in the lowest greenhouse-gas emissions per ton of LNG of any large project in the world.

Americas

Exxon’s $2bn Canada move shows confidence when others flee

Almost two years after Exxon Mobil Corp. removed billions of barrels of oil-sands crude from its reserves, its Imperial Oil Ltd. unit is investing again, saying low Canadian crude prices that scared off the other majors make it a perfect time to build.

Americas

Husky keeps Transocean rig for Canadian job

Canadian oil firm Husky has booked the Henry Goodrich rig for another year for a job off the country’s east coast. The contract is expected to start in the fourth quarter. Transocean said the contract backlog was $100 million.  

Americas

Canada’s $30bn LNG hope edges closer as Shell ramps up

A flurry of activity in a remote Canadian town is raising optimism that Royal Dutch Shell Plc and its partners are ready to go ahead with the nation’s largest infrastructure project: a C$40 billion ($30 billion) liquefied natural gas terminal that could at last unlock energy exports to Asia.