Producing lower-carbon barrels of oil and gas is a key decarbonisation focus for UK major BP and Norwegian energy company Equinor. Representatives from the two companies spoke on Wednesday during a joint session on energy transition at the Offshore Technology Conference and the NAPE Summit in Houston. BP is well into realising its vision of […]
Guyana aims to increase its oil royalties and revamp other contract terms as part of a new profit-sharing agreement (PSA) for future crude and gas projects now in its draft stage, the South American nation’s vice president said on Tuesday. The tiny country has become one of the most desired oil exploration hot spots after […]
Noia’s Annual Oil & Gas Conference is fast approaching, and we are excited to host this long-overdue, in-person event once again. Due to public health guidelines, delegates will be assigned seating on a first-come, first-served basis. For this reason, we strongly suggest purchasing your tickets early. Conference 2021 will kick off on Tuesday, September 21st […]
Over 100 exploration wells are expected to be drilled in South America outside Brazil over the next 5 years and Norway-based Rystad Energy has said most of the action could be found off the northern shelf of the continent where some of the deepest wells are located. The regions of Guyana, French Guiana, Suriname, Trinidad […]
Brazil alone is expected to contribute around 23% or 1.3 million barrels per day (mmbd) of global offshore crude oil and condensate production in 2025 from key planned and announced projects (new-build projects) that are expected to start operations between 2021 to 2025, according to GlobalData, a leading data and analytics company. The company’s report, […]
A new $3.4-million project aims to help boost the Atlantic Canadian offshore wind energy sector’s ability in install infrastructure in glacial seabeds. The GeoScan project, announced Wednesday by Canada’s Ocean Supercluster — a St. John’s-based network of businesses and researchers tasked with generating new technologies — will use wider 3D acoustic scans to prov
After delays and postponements due to Covid-19, we could not be more excited for Noia’s Oil & Gas Conference 2021. This first in-person event in over 18 months will take place on Tuesday, September 21st and Wednesday, September 22nd at the St. John’s Conference Centre. Themed Resilient & ReEnergized, this year’s conference will feature 30 […]
It’s the last chance for the public to comment on Equinor’s proposed Bay du Nord project in the Flemish Pass, off Newfoundland’s East Coast. The Impact Assessment Agency of Canada (IAAC) announced Aug. 9 it is conducting an environmental assessment for the proposed project with a deadline of Sept. 8 for public comment. Equinor (formerly […]
It remains the block that keeps giving. Covering an area of 6.6 million acres, equivalent in size to 1,150 Gulf of Mexico blocks, the Stabroek block has so far delivered over 20 commercial discoveries pegged at more than 9 billion barrels of oil equivalent resources. Operator, ExxonMobil, has only encountered 3 non-commercial wells at Stabroek […]
CALGARY — While other large oil producers have pledged not to boost spending this year, Canadian Natural Resources Ltd. raised its capital budget by $275 million on Thursday following improved outlook for both oil and natural gas prices. The move sets Canadian Natural, the country’s largest oil and gas producer, apart from other Calgary energy […]
