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northernbcbusiness.comPrince Rupert | Northern BC Business - Part 2 – page 2northernbcbusiness.com

Decommissioning of Watson Island Nearing Completion

Over the past 18 months, the landscape of the Watson Island pulp mill site has slowly but surely been transformed. Where industrial structures once stood, now there are piles of scrap metal, ready to be removed. “The decommissioning of Watson Island represents Prince Rupert tearing down its past, and preparing to build a new future,” said Mayor Lee Brain. “Once decommissioning is complete we look forward to new prospects for Watson Island to generate tax […]

Petronas’ review of Canadian LNG project still ‘ongoing’, but CEO keen to monetize Montney natural gas asset

The head of the consortium proposing to build the Pacific NorthWest LNG project declined to provide a timeline on a possible final investment decision Wednesday, as the market for large-scale liquefaction facilities continues to weaken. “We’re doing a total review of the project, and taking into account all the cost optimization options,” said Petronas CEO Datuk Wan Zulkiflee Wan Ariffin. “That is still ongoing.” Malaysia-based Petronas is the largest stakeholder in the roughly $36-billion LNG […]

Pacific NorthWest LNG mulls co-operation with Shell for northern B.C. facilities

A liquefied natural gas consortium is exploring ways to build docking facilities off Ridley Island in a move that would require the co-operation of a rival in northern British Columbia. Pacific NorthWest LNG, led by Malaysia’s state-owned Petronas, is considering footing the bill to construct the marine terminal in exchange for gaining access to Shell Canada Ltd.’s development rights on Ridley Island and nearby waters. Pacific NorthWest LNG’s planned liquefaction terminal would still be located […]

Natural Resources Development in Northern British Columbia

Here in Northern BC the next 6 months will be busy with numerous projects in the natural resource sector. In the short term there are a number of events that will help set the pace forward for the next 10-20 years of business development. Cambridge House First up is the Cambridge House Vancouver Investment Resource Show January 22-23 at the Vancouver Convention Centre. This show is slowly bouncing back with companies looking for investors for […]

The Weather Network

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