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EnCana
Encana Corporation was a Canadian independent petroleum company that existed from 2002 to 2020. The company, stylised as EnCana until 2010, was created by David P. O'Brien of PanCanadian Petroleum and Gwyn Morgan of the Alberta Energy Company through the merger of their companies. At the time of its creation Encana was the world's largest independent petroleum company by measure of its value, production, and reserves. Morgan ran the company from its inception through the end of 2005. During its early years, Encana established its reputation as Canada's flagship energy company and an icon of Western Canadian business. In September 2005 it became Canada's largest corporation by market capitalisation for a brief time. At the beginning of 2006, Morgan ceded the presidency to Randall K. Eresman. During the new president's first year, the company's profits were CAD 6.4 billion, which was the largest corporate profit in Canadian history. In 2009 Encana spun off its oil producing oper ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ovintiv
Ovintiv Inc. is a U.S. petroleum company based in Denver. The company was formed in 2020 through a restructuring of its Canadian predecessor, Encana. History On January 24, 2020, after receiving shareholder approval, the company completed the transfer of its corporate domicile from Canada to the United States, Ovintiv Canada ULC retains an office in Calgary. In June 2020, the company announced layoffs of 25% of its workforce. Hydrocarbon production In 2021, the company's average production was per day, of which 26% was petroleum, 25% was natural gas liquids, and 49% was natural gas. Of 2021 production, 56% was in the United States and 44% was in Canada. List of notable sales, mergers and acquisitions In October 2004, EnCana sold its UK unit, including a 43% stake in the Buzzard field (discovered in 2001 by a PanCanadian-led group), to Nexen for $2.1bn US. In January 2007, the company sold its assets in Chad to China National Petroleum Corporation for $202.5 million. In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gwyn Morgan
Gwyn Morgan (born 4 November 1945) is a Canadian retired engineer and oilman. Morgan joined the Alberta Energy Company in 1975, and in 1994 succeeded David E. Mitchell to become the company's second president. In 2002, Morgan negotiated the AEC's merger with PanCanadian Petroleum to create EnCana Corporation. Morgan served as the company's first president before stepping down on 31 December 2005. Additionally, from 2007 to 2013 he served as the chairman of SNC-Lavalin. Biography Early life Gwyn Morgan was born on 4 November 1945 to Ieuan (Ian) Morgan (1915–1992) and Margaret Hergenhein (1917–1987). Ieuan was born in Abercynon, Wales, and later settled with his family on a farm near Carstairs, Alberta. Ian served in World War II, and after two brothers, Matthew and Gwynfryn (1922–1944), were both killed, he was given an early discharge. Ian and Margaret had four children: Sheila, Betty, and Glenys, and Gwyn. Gwyn Morgan was named after his late uncle. Gwyn was raised ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Bow (skyscraper)
The Bow is a skyscraper in Downtown Calgary, downtown Calgary, Alberta, Canada. The 236 metre (774 ft) building was the tallest in Calgary between July 8, 2010, when it surpassed the Suncor Energy Centre, and May 11, 2016, when it was exceeded by Brookfield Place (Calgary), Brookfield Place. The Bow is currently the second tallest office tower in Calgary and the third tallest in Canada outside Toronto. The Bow is also considered the start of redevelopment in Calgary's Downtown East Village, Calgary, Downtown East Village. It was completed in 2012 and was ranked among the top 10 architectural projects in the world of that year according to Azure (design magazine), ''Azure'' magazine. It was built for oil and gas company Encana, and was the headquarters of its successors Ovintiv and Cenovus. History Early plans EnCana Corporation (now Ovintiv), North America's second largest natural gas producer, announced plans for the high-rise in 2006. Early designs suggested that the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Duvernay Formation
The Duvernay Formation is a stratigraphic unit of Frasnian Geochronology, age in the Western Canadian Sedimentary Basin. It was first described in well Anglo Canadian Beaverhill Lake No. 2 in Alberta Township System, LSD 11-11-50-17W4M by Imperial Oil staff in 1950. The formation was named by Andrichuk and Wonfor in 1954 for the type section in Duvernay, Alberta. According to Canada's Alberta Energy Regulator, the Duvernay Formation "holds an estimated 443 trillion cubic feet of gas and 61.7 billion barrels of oil (Penny China Institute 2012-12)." Calgary-based, Athabasca Oil Corporation (formerly Athabasca Oil Sands Corporation), holds 640,000 acres, the largest publicly disclosed Duvernay rights. Lithology The Duvernay Formation is composed of laminated bitumen, bituminous shale, calcareous shale and dense argillaceous limestone. Pyrite disseminations are common. Calcarenite and coral rich mudstone are also present. Hydrocarbon production The Duvernay Formation represents ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Doug Suttles
Douglas James Suttles (born 1960) was the president and chief executive officer of Ovintiv Corporation. After graduating from the University of Texas at Austin in 1983 with a BSc in mechanical engineering, he joined the global oil and gas industry. He retired from Ovintiv on August 1, 2021. Biography Suttles was with Exxon in Oklahoma and Texas, prior to joining BP, where he initially spent eight years in Alaska in various engineering and leadership roles. Suttles then became Vice President for Northern North Sea operations, and was then appointed President of BP's Trinidadian oil business. Suttles was then named President of BP Sakhalin Inc. (which later merged with TNK-BP), where he was responsible for BP's activities in Sakhalin, Russia, and its joint venture with Russian oil company Rosneft. Suttles was named president of BP Exploration (Alaska) Inc., effective January 1, 2007. At the same time he also joined the board of BP America, and the BP America Operations Advisory Boa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alberta Energy Company
The Alberta Energy Company Ltd. was a Canadian independent petroleum company that existed from 1973 to 2002. The AEC was created by the Government of Alberta under Premier Peter Lougheed as a mechanism for Albertans to invest in the Syncrude oil sands project. Besides its participation in Syncrude, the AEC also received the rights to produce gas in the Suffield Block. The company was established as a mixed enterprise and at its inception was half owned by the provincial Crown and half owned by the public. A restrictive charter, which prevented individual shareholders from acquiring more than one percent of the company and mandated directors be residents of Alberta, ensured control remained within the province. Until 1982, the company was barred from participation in conventional oil and gas exploration, but after that time was given the right to compete with private companies in that area. In 1983 the government began to decrease its equity, and in 1993 divested of its remaining sh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cenovus Energy
Cenovus Energy Inc. (pronounced se-nō-vus) is a Canadian integrated oil and natural gas company headquartered in Calgary, Alberta. Its offices are located at Brookfield Place, having completed a move from the neighbouring Bow in 2019. History Cenovus was formed in 2009 when Encana Corporation split into two distinct companies, with Cenovus becoming focused on oil sands assets. In 2017, Cenovus purchased ConocoPhillips' 50 percent share of their Foster Creek Christina Lake (FCCL) oil sands projects and most of their conventional assets in Alberta and British Columbia, including the Deep Basin. Cenovus completed the acquisition of Husky Energy for C$3.9 billion in stock in January 2021. The combined company is Canada’s third-largest crude oil and natural gas producer and the second-largest Canadian-based refiner and upgrader. Operations Oil sands Cenovus has four producing projects in the oil sands – Foster Creek, Christina Lake (Alberta), Sunrise (jointly owned wit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
H&R REIT
H&R Real Estate Investment Trust is a Canadian open-ended real estate investment trust, specializing in commercial real estate, and based in Toronto, Ontario. It is the third largest REIT in Canada by market capitalization (after RioCan and Choice Properties). H&R's portfolio operating mostly through its Primaris subsidiary includes 40 office properties, 161 retail properties, and 107 industrial properties and 11 other properties, with a total value of $13 billion. It is listed on the Toronto Stock Exchange. History H&R was founded in 1996 by Thomas J. Hofstedter, through a $173 million IPO on the Toronto Stock Exchange. The original assets of the trust were office buildings owned by Hofstedter's family firm. In February 2007, H&R agreed to become the developer and owner of The Bow, Encana's new Calgary headquarters complex. It paid $70 million for the land, and Encana signed a 25-year lease. Construction was briefly halted in December 2008 due to a $400 million shortag ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Calgary, Alberta
Calgary () is a major city in the Provinces and territories of Canada, Canadian province of Alberta. As of 2021, the city proper had a population of 1,306,784 and a Metropolitan area, metropolitan population of 1,481,806 making it the List of the largest municipalities in Canada by population, third-largest city and List of census metropolitan areas and agglomerations in Canada, fifth-largest metropolitan area in Canada. Calgary is at the confluence of the Bow River and the Elbow River in the southwest of the province, in the transitional area between the Rocky Mountain Foothills and the Canadian Prairies, about east of the front ranges of the Canadian Rockies, roughly south of the provincial capital of Edmonton and approximately north of the Canada–United States border. The city anchors the south end of the Statistics Canada-defined urban area, the Calgary–Edmonton Corridor. Calgary's economy includes activity in many sectors: energy; financial services; film and tele ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Spin-off
A corporate spin-off, also known as a spin-out, starburst or hive-off, is a type of corporate action where a company "splits off" a section as a separate business or creates a second incarnation, even if the first is still active. It is distinct from a sell-off, where a company sells a section to another company or firm in exchange for cash or securities. Characteristics Spin-offs are divisions of companies or organizations that then become independent businesses with assets, employees, intellectual property, technology, or existing products that are taken from the parent company. Shareholders of the parent company receive equivalent shares in the new company in order to compensate for the loss of equity in the original Capital stock, stocks. However, shareholders may then buy and sell stocks from either company independently; this potentially makes investment in the companies more attractive, as potential share purchasers can invest narrowly in the portion of the business they t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PetroChina
PetroChina Company Limited () is a Chinese oil and gas company and is the listed arm of state-owned China National Petroleum Corporation (CNPC), headquartered in Dongcheng District, Beijing. The company is currently Asia's largest oil and gas producer. Traded in Hong Kong and New York, the mainland enterprise announced its plans to issue stock in Shanghai in November 2007,Analysts express optimism about Chinese shares (Xinhuanet.com, with source from ''Shanghai Daily'') and subsequently entered the constituent of SSE 50 Index. In the 2020 ''Forbes' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PanCanadian Petroleum
PanCanadian Petroleum Limited was a Canadian independent petroleum company that operated between 1971 and 2002. The company was created through the merger of Canadian Pacific Oil and Gas Limited and Central-Del Rio Oils Limited. PanCanadian inherited the freehold mineral rights included in land grants the Canadian Pacific Railway had received in the 1880s, and therefore possessed a massive land base to explore for oil and gas. Through its entire life, PanCanadian was owned approximately 87 percent by the CPR's holding company. In 2002, PanCanadian merged with the Alberta Energy Company to form Encana, EnCana, which at the time was the world's largest independent petroleum company. Predecessor companies Canadian Pacific Oil and Gas PanCanadian's history traces back to 1881 and the foundation of the Canadian Pacific Railway Company. As an incentive to complete the trans-continental railway, the Government of Canada granted the CPR 25 million acres of land, including mineral rig ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
