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Suncor Energy announces Lorraine Mitchelmore to join board of directors

director-lorrainemitchelmoreLorraine Mitchelmore is the newest members of Suncor’s board of directors. She stepped into the role Nov. 6,

“I’m delighted that Lorraine is joining Suncor’s board of directors,” Suncor board chair Michael Wilson said in a statement.  “Lorraine brings over 30 years of international oil and gas industry experience. She has deep expertise in risk management, business strategy, operations and employee health and safety. On behalf of the board, we look forward to working with her.”

Mitchelmore most recently served as the president and CEO for Field Upgrading, a private equity backed fuel upgrading technology company located in Calgary. Prior to Field Upgrading, she was the president and country chair of Shell Canada Ltd., as well as executive vice-president, Heavy Oil for Shell Americas.  Prior to joining Shell, she worked with Petro-Canada, Chevron and BHP Petroleum in the upstream business units in a combination of technical, exploration & development, and commercial roles.

She has been a director of the Bank of Montreal since 2015 and has served on the boards of Shell Canada, the Canada Advisory Board at Catalyst, Inc. and Trans Mountain Corporation.

Mitchelmore holds a BSc in Geophysics from Memorial University of Newfoundland, an MSc in Geophysics from the University of Melbourne, Australia and an MBA from Kingston Business School in London, England.

Suncor’s operations include oil sands development and upgrading, offshore oil and gas production, petroleum refining, and product marketing under the Petro-Canada brand.

Pieridae Energy buying Shell Alberta natural gas assets to feed LNG plant

A company planning to build an LNG export facility in Nova Scotia says it is buying southern Alberta natural gas assets from the Canadian arm of British-Dutch giant Royal Dutch Shell.

Pieridae Energy Ltd. says it has agreed to pay $190 million, with $175 million in cash and the rest in common shares.

CEO Alfred Sorensen says the purchase is in line with Pieridae’s commitment to obtain natural gas supplies needed for the first train of its Goldboro LNG project.

Its proposed $10-billion LNG project is to produce about 10 million tonnes of super-cooled liquefied natural gas per year to ship mainly to European customers.

It says the Shell assets produce about 120 million cubic feet per day of natural gas, 5,600 barrels per day of natural gas liquids and 3,200 bpd of condensate and light oil.

The deal also includes three sour gas processing plants, a 14% interest in a sulphur plant and about 1,700 kilometres of pipelines.