Pacific Oil & Gas rebrands to focus on clean energy growth strategy

Pacific Oil & Gas Limited has announced that it will rebrand its operations to become Pacific Energy Corporation as it looks to its growth strategy in clean energy.   

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.

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."

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.

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.

Pacific Energy is expanding its existing presence in Canada with the Woodfibre LNG Project, a LNG export facility located near Squamish, British Columbia, about 70km from Vancouver. The Woodfibre LNG Project has obtained a licence to export LNG for 40 years.

Bedi added: "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.  At the foundation of any economic recovery is 'energy'.  We take great pride in providing clean energy to North American and growing Asian economies."