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Canada Pension Plan, Williams to form $3.8 billion Marcellus-Utica shale gas venture
Canada Pension Plan Investment Board is expanding its presence in the North American natural gas market through a $3.8 billion joint venture with U.S. energy firm Williams Cos Inc, which will hold pipeline assets in the Marcellus and Utica shale basins, the biggest gas-producing region in the United States.
ExxonMobil delays $1.9 billion Canada project amid oil-sands woes
CALGARY (Bloomberg) -- ExxonMobil Corp. is delaying a C$2.6 billion ($1.9 billion) oil-sands project in Canada by at least a year as the nation’s energy industry grapples with a shortage of pipeline space and government-mandated production cuts.
LNG Canada CEO Sees No Scenario That Would Stop Its Project
The head of LNG Canada said he does “not see a single scenario” that would stop the nation’s largest infrastructure project from getting built, dispelling concerns that the $30 billion gas export facility is at risk of mounting opposition from pipeline foes.
Drillers in Fledgling Alberta Play Shrug Off Glut
Drillers are moving ahead in a corner of Canada’s oil sands that saw a flurry of land grabs in recent years, unfazed by a glut of crude that depressed prices last year and the mandatory production cuts that followed.
Norway Decides Fate of $1 Trillion Wealth Fund's Oil Stocks: Q&A
Norway will on Friday decide whether to let its $1 trillion sovereign wealth fund dump all its oil and gas stocks. Here’s what you need to know.
ExxonMobil, Qatar Petroleum Find Gas Offshore Cyprus
ExxonMobil Corp and Qatar Petroleum have discovered natural gas offshore Cyprus, both companies announced Thursday.