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Friday, Sep 20
Chevron back in Canada in a big away with Kitimat, Duvernay projects
- A decade has passed since Chevron (CVX) was in growth mode in Canada, but that’s about to change, as it prepares to build and run the first large liquefied natural gas facility on the country's west coast, Kitimat LNG, while taking on the Duvernay shale gas play in Alberta.
- After years of purchases by Asian energy companies in western Canada, CVX's re-commitment to Canada suggests a new theme, FT's Claudia Cattaneo writes: Oil majors are taking a second look at the country, buoyed by its unconventional resource potential, its emerging LNG business and in response to federal and provincial governments’ aggressive campaigns to promote resource development and cultivate new markets.