Capt. Anthony (Tony) Patterson’s speeches tend to invoke images of the ocean on its fiercest days, even if he doesn’t intend it. It might be the nautical phrases. Passionate about marine safety, he is board chair of Virtual Marine Technology (Virtual Marine) and managing director of its growing business arm: Virtual Marine Training. Virtual Marine […]
Recent developments in Atlantic Canada’s oil and gas sector are giving the region a boost, providing a more positive outlook as the industry moves out of recent challenging times. First, giant Suncor Energy and its partners announced a decade-long extension to the life of the Terra Nova offshore project. Then, the First Nations Major Projects […]
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Major project to proceed, First Nations announce plans for first-ever equity ownership offshore Newfoundland and Labrador. Please click here.
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Norway will continue to explore for oil and gas in the next four years, with most new drilling permits to come in mature regions of its oceans, the incoming government said on Wednesday. A minority coalition of the leftwing Labour Party and the rural Centre Party will take power on Thursday after beating the ruling […]
Citigroup Inc. said oil prices may hit $90 a barrel at times this winter as gas-to-oil switching drives stockpiles lower. The bank, which raised its Brent oil forecast for the fourth quarter to $85, said inventories may dwindle to their lowest level on record in terms of days-of-cover by year-end. That comes as consumption gets […]
Record-high natural gas prices are prompting more utilities to switch from gas to oil derivatives, fanning the flames of an already strong oil price rally. A Reuters report quoted an OANDA analyst as saying that there were a lot of bullish factors for oil right now, and they weren’t going away anytime soon. Among these […]
Oil major ExxonMobil has increased its estimate of the discovered recoverable resource for the Stabroek Block offshore Guyana to approximately 10 billion oil-equivalent barrels following its latest discovery. The updated resource estimate includes a new discovery at the Cataback-1 well, which brings the total significant discoveries to more than 20 within the Stabroek Block, ExxonMobil […]
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) is excited to launch a new, map-based Data and Information Hub (Information Hub), created and developed by Board staff to modernize access to technical information housed by the C-NLOPB. Over the past 18 months, staff have uploaded over 40,000 individual files to the Information Hub. Stakeholders will […]
