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STX Energy of South Korea Acquires Gas Field in BC
Seoul-based STX Energy announced that it has acquired the Maxhamish gas field in Northeastern BC, from Calgary-based EnCana, for C$152 million. The gas field is 616 sq. km.
Penn West Energy Trust Announces Joint Venture with Mitsubishi Corporation
Calgary-based Penn West Energy Trust announced that it has entered into an agreement with a wholly-owned subsidiary of Mitsubishi Corporation of Japan forming a 50-50 joint venture to develop Penn
BC, Alberta and Manitoba Provide Support for Pakistan Flood Victims
BC Premier Gordon Campbell announced that the province will provide $150,000 to the Red Cross to support flood victims in Pakistan.
Xtreme Coil and AJ Lucas Group Establish Australia Joint Venture
Calgary-based Xtreme Coil Drilling Corp. announced that it is establishing a joint venture company with AJ Lucas Group Limited of Australia. Lucas-Xtreme Drilling Pty. Ltd.
Bengal Energy Signs Production Sharing Contract in India
Calgary-based Bengal Energy Ltd., a junior oil and gas exploration and production company, announced that its wholly-owned subsidiary, Bengal Energy International Inc., has received the official aw
IDC to Supply Imaging Technology to 600 Rural and Remote Counties in China
Calgary-based IDC (Imaging Dynamics Company Ltd.) announced it has been awarded a contract by the China Foundation for Poverty Alleviation (CFPA) to supply 600 rural and remote counties in China wi
Encana and China National Petroleum Corporation Sign MOU to Jointly Develop Canadian Unconventional Natural Gas
Calgary-based Encana Corporation and China National Petroleum Corporation (CNPC) have signed a memorandum of understanding, formally called a heads of agreement, outlining a framework for the two c
Alter NRG Corp. Forms Strategic Alliance with Engineering and Development Company in India
Calgary-based Alter NRG Corp. announced that it has signed a strategic alliance agreement with SMS EnvoCare Ltd. (SMS), a large Indian civil engineering and infrastructure development company.
Tata Steel Increases Interest in New Millennium Capital
Calgary-based New Millennium Capital Corp.
Dynetek Industries Forms Joint Venture with Sejung Co. of South Korea
Calgary-based Dynetek Industries Ltd. announced the formation of Dynetek Korea Co. Ltd. (DNK Korea), a South Korean joint venture 51% owned by Sejung Co. Ltd and 49% owned by Dynetek.