Petrocan venture hit by another delay as vessel's engines flooded
Article Abstract:
Calgary, Alb.-based Petro-Canada Inc. reported that its Terra Nova oil tanker was severely damaged during a sea trial near South Korea. The $220 million vessel, which lost three out of five engines in the incident, has delayed Petro-Canada $2.2 billion joint venture by four months.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2000
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Stanford surprises oil patch by quitting Petrocan
Article Abstract:
James Stanford resigns from the chairman position of Petro-Canada after only five months, and is replaced by Brian MacNeill.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2000
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Petrocan-UDS pact raises 'serious concerns.'
Article Abstract:
Ultramar Diamond Shamrock Corp.'s planned joint venture with Calgary, Canada-based Petro-Canada has raised serious concerns from the Competition Bureau regarding corporate focus at the gasoline pumps. San Antonio, TX-based Ultramar and Petro-Canada have been requested by the federal bureau to present additional data for the bureau's perusal. This move of the Competition Bureau would mean a delay of a minimum several more months to the proposed joint venture, which was slated to be established by the end of June 1998.
Comment:
Its planned joint venture with Ultramar Diamond Shamrock Corp of US has raised serious concerns from the Competition Bureau
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
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