Company’s east coast E&P boss tells supply chain that the final investment decision on field’s life extension scheme is imminent Calgary-based Suncor Energy aims to take the final investment decision this month on its US$500 million Terra Nova Asset Life Extension (ALE) project offshore Newfoundland & Labrador, Canada. There were fears earlier this year that […]
Canada-based marine technology company Kraken Robotics has completed the acquisition of 3D acoustic imaging specialist PanGeo Subsea. The acquisition was finalised on terms previously disclosed in the definitive agreement signed in July, Kraken said. Upon closing, PanGeo is now a wholly-owned subsidiary of Kraken Robotic Systems. The company will continue to operate in sub-seabed imaging […
Cenovus, the Calgary-based oil sands major, will continue to sell conventional oil and gas assets in Canada in order to help drive down its net debt to at least C$10 billion ($US8.03 billion) by the end of the 2021 financial year, with a longer-term target of C$8 billion. The company will retain offshore fields it […]
