OUR GREAT MINDS

    by Tina Olivero

    $2.1 billion contract awarded to TransCanada in Mexico

    TransCanada has already become one of the topmost leaders in the energy sector in North America with more than 65 years of experience. This portfolio is set to expand with it acquiring the contract for the building, owning and operation of the Sur De Texas-Tuxpan pipeline for natural gas, worth $2.1 billion.

    The Project

    The bid for the pipeline was presented in collaboration with IEnova, a branch of the Sempra Energy. TransCanada is expected to invest about $1.3 billion in the project, with a license to hold 60% assets of the project. The pipeline will be a 42 inch in diameter and 800-kilometer long starting from the Gulf of Mexico and will end at Tuxpan, in Veracruz. TransCanada is already a premiere player in the natural gas sector in the North American continent including in emerging areas in Canada and US shale supplies of natural gas and is expected to be able to conduct this project without any problems either. The pipeline will be interconnected with CENAGAS’s Altamira pipeline, TransCanada’s Tamazunchale and the Tuxpan-Tula pipeline as well. The project is supported by a 25-year contract for natural gas transportation and covers up to 2.6 billion cubic feet of extraction with the Mexican state’s power company, CFE (Comisión Federal de Electricidad). The expected date of operation is late 2018.

    Sur De Texas-Tuxpan

    TransCanada Growth

    TransCanada continues to build a good reputation in Mexico with being awarded the Tuxpan-Tula and the Tula-Villa de Reyes in the last 8 months alone. According to TransCanada’s Chief Executive Officer and President, Russ Girling, “This new project brings our footprint of existing assets and projects in development in Mexico to more than US$5 billion, all underpinned by 25-year agreements with Mexico’s state power company”.

    Pipeline

    TransCanada

    TransCanada operates on almost all major gas basins in North America and operates a natural gas pipeline which extends to more than 66,400 km crisscrossing North America and possesses a storage capacity of over 368 billion cubic feet. This is in addition to the 4,300 km of liquid supplies (including crude oil) it links and an interest in the power sector with the generation of more than 10,500 megawatts of energy in US and Canada. TransCanada is also renowned for its stand on actively supporting the environment through Environmental Stewardship and Protection. For more information, you can check out their website at transcanadamexico.com and also search for them under TRP at the Toronto and the NY stock exchange.

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    Tina Olivero

    Tina Olivero

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      Tina Olivero

      30 years ago, Tina Olivero looked into the future and saw an opportunity to make a difference for her province and people. That difference came in the form of the oil and gas sector. Six years before there was even a drop of oil brought to the shores of Newfoundland, she founded The Oil and Gas Magazine (THE OGM) from a back room in her home on Signal Hill Road, in St. John’s, Newfoundland. A single mother, no financing, no previous journalism or oil and gas experience, she forged ahead, with a creative vision and one heck of a heaping dose of sheer determination. With her pioneering spirit, Ms. Olivero developed a magazine that would educate, inspire, motivate and entertain oil and gas readers around the world — She prides herself in marketing and promoting our province and resources in unprecedented ways. The OGM is a magazine that focuses on our projects, our people, our opportunities and ultimately becomes the bridge to new energy outcomes and a sustainable new energy world. Now diversifying into the communications realms, a natural progression from the Magazine, The OGM now offers an entirely new division - Oil & Gas Media. Today, The Oil and Gas Magazine is a global phenomenon that operates not only in Newfoundland, but also in Calgary and is read by oil and gas enthusiasts in Norway, Aberdeen, across the US and as far reaching as Abu Dhabi, in the Middle East. Believing that Energy is everyone’s business, Ms. Olivero has combined energy + culture to embrace the worlds commitment to a balance of work and home life as well as fostering a foundation for health and well being. In this era of growth and development business and lifestyle are an eloquent mix, there is no beginning or end. Partnering with over 90 oil and gas exhibitions and conferences around the world, Ms. Olivero's role as a Global Visionary is to embrace communication in a way that fosters oil and gas business and industry growth in new and creative ways.

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