Despite oil price volatility, a number of investors retain the bullish belief that based on a few important fundamentals, the Canadian energy sector will record significant growth in the medium to long term.
loomberg reported that Australian Woodside Petroleum announced that their first-quarter sales jumped by 21 percent, due to an uptick in LNG sales from the Pluto project.
Bloomberg reported that Canada is edging ahead of the U.S. as they compete to be the first exporters of LNG to Asia.
Yahoo reported that BHP and Exxon together are planning to build the world's largest floating LNG plant just off the coast of northwestern Australia, despite coming under fire for mounting costs surrounding the project.
Bloomberg reported that Japanese Prime Minister Shinzo Abe intends to ask Obama to permit shale gas exports as the country struggles with a spike in energy costs in the wake of 2011's nuclear reactor disaster.
Anadarko Petroleum Corporation (NYSE: APC) outlined plans and guidance for 2013.
Apache Corporation (NYSE:APA, NASDAQ:APA) they have finalized the deal with Chevron Canada Limited to build and operate the Kitimat LNG project.
The Financial Post reported that Golar LNG Ltd, along with LNG Partners have agreed to buy more than 700,000 tonnes of LNG per year from the Haisla First Nation aboriginal group and Douglas Channel Gas Services Ltd project
TransCanada Corporation (TSX:TRP, NYSE:TRP) announced that it will design, build, own and operate the proposed $5 billion Prince Rupert Gas Transmission project.
The Financial Post reported that Chrevon's recent announcement of their takeover of assets from EOG Resources Canada Inc. and Encana Corp. in a project led by Apache Corp, could give the Canadian LNG market a boost to compete with major player Australia.
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