Pacific Oil & Gas has rebranded to Pacific Energy Corporation as it grows its strategy to deliver Asia and North America clean energy sources. The company announced the rebranding this Monday.
Firstly, Pacific Energy is part of the Singapore-based RGE group of companies. It is an independent energy resources development company focused on helping North America and growing Asian economies meet their increasing energy requirements.
Moreover, the company has a strategy to invest, develop, build, own and operate innovative and cost-competitive projects throughout the energy value chain. At the same time, it is maintaining constant attention to its role as a responsible corporate citizen.
About the rebranding strategy, 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.”
On the other hand, the company has a solid footprint in Canada; where its subsidiary Pacific Canbriam Energy (PCE), conducts exploration and production activities. PCE is truly a leader in finding and developing over-pressured, liquid-rich natural gas resources in the Western Canadian Sedimentary Basin.
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Pacific Oil & Gas, under the new name to seize LNG opportunities in Canada
Furthermore, the company has its headquarters in Calgary, Alberta, near Fort St. John, British Columbia. Under the new name, Pacific Energy is expanding its existing presence in Canada with the Woodfibre LNG Project. An LNG export facility located near Squamish, British Columbia, about 70km from Vancouver.
In fact, just recently, the project got environmental approvals to use hydroelectric power for the refrigeration process. The project will indeed be one of the most innovative and cleanest LNG export facilities in the world.
In addition, Bedi said. “We believe there is a distinct opportunity for Pacific Energy to expand as a competitive and sustainable gas-based value chain business. Economies around the world which have been hit hard by the impact of the global pandemic are rebounding at a rapid pace.”
Finally, he said. “At the foundation of any economic recovery is ‘energy’. We take great pride in providing clean energy to North American and growing Asian economies.”
