Pacific Oil & Gas Limited (PO&G) has announced that it will rebrand its operations to become Pacific Energy Corporation Limited.
Ratnesh Bedi, President of Pacific Energy said, "The Pacific Energy name and new logo reflects the next step in our growth strategy dedicated to providing cleaner energy for North American markets and growing Asian economies.
Our refreshed branding also creates a platform for new product development and future acquisitions." Pacific Energy, which is part of the Singapore-based RGE group of companies, is an independent energy resources development company focused on helping North America and growing Asian economies meet their increasing energy requirements.
The company strategy is to invest, develop, build, own and operate innovative and cost-competitive projects throughout the energy value chain, while maintaining constant attention to its role as a responsible corporate citizen.
Established Presence in China
Since 2003, Pacific Energy has taken strategic positions in China's gas and related power markets. Pacific Energy is one of the first two foreign companies to own interests in liquefied natural gas (LNG) receiving terminals in China.
Pacific Energy also successfully built and operates the first 100% foreign-owned combined cycle gas turbine (CCGT) power plant in Xiamen, and owns 70% stake in another CCGT power plant in Wuxi. Power plants powered by natural gas are more efficient than traditional coal-fired power plants. They can also serve as an effective bridge fuel to meet energy demand when the supply from renewable sources does not provide consistent returns throughout the day.
Growing Presence in Canada
In Canada, Pacific Energy's exploration and production of gas are conducted through its subsidiary Pacific Canbriam Energy (PCE). Acquired by Pacific Energy in 2019, PCE is a leading exploration and production company focused on finding and developing over-pressured, liquid rich natural gas resources in the Western Canadian Sedimentary Basin.
Headquartered in Calgary, Alberta, with operations near Fort St. John, British Columbia, PCE differentiates itself from competitors through the quality of its resource and commitment to sustainability.
PCE achieved EO100™ Standard Certification from Equitable Origin in August 2021, signifying PCE's demonstrated use of innovative and transparent practices to produce some of the world's most sustainable and responsible natural gas.
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