Wednesday, January 15, 2014

Is this the start of a trend to offer early techs in bigger deals?

Canada To Offer India Technologies for Shale Gas Exploration

“The premier of Province of Alberta, Canada is expected to offer Indian upstream companies like ONGC state-of-art
fracking technologies, to develop the vast potential of shale in this country,” said Dr Veerappa Moily, Union Minister for Petroleum & Natural Gas, during the Petrotech 2014 event held in Greater Noida from January 12-15, 2014.

In exchange, Indian national oil & gas companies are expected to increase their investments and presence in the Canadian hydrocarbon sector. A term contract for Canadian crude is under finalization by Indian Oil Corporation. Canada-India Business Council Daily News Wed. Jan 15, 2014.