Company sees new normal emerging as energy mix shifts from fossil to renewable fuels TechnipFMC forecasts a strong period of offshore growth up to 2025, with even greater spending on deep-water in the second half of the decade — along with increased growth in its services and energy transition business over the long term. The […]
David Suzuki urges provincial government — and individuals — to stop relying on fossil fuels immediately Canadian climate activist David Suzuki says Newfoundland and Labrador Premier Andrew Furey’s sales pitch at COP26 for provincially produced oil was the wrong thing to do. Suzuki said he didn’t attend the United Nations climate change conference because he […]
Equinor ‘committed to moving forward’ with plan to make Bay du Nord Canada’s lowest-emitting oil project Norwegian energy giant Equinor is sending some strong signals that it plans to move ahead with the on-again, off-again Bay du Nord development in Newfoundland and Labrador’s offshore, with ambitions to make it Canada’s lowest-emitting oil project. The latest [&hell
Technology has been very important for developing the oil and gas industry in Norway. The Norwegian Petroleum Directorate is now stepping up its efforts to stimulate the industry to develop and utilise new technology to an even greater extent. The NPD’s new technology strategy is particularly focused on technology areas the NPD believes will be […]
Topsides study will be a critical in designing concept needed for a “low maintenance” facility sited 500 kilometres offshore Norwegian major Equinor has hit the contractor market with an inquiry covering topsides engineering on its huge new, rebooted Bay du Nord oil project offshore eastern Canada. Upstream reported last month that the operator had reignited […]
‘This is an opportunity for Alberta to create generational wealth for the province. We have an opportunity to be a leader in clean, affordable energy,’ said Associate Natural Gas Minister Dale Nally If you want to know how big the potential prize is for Alberta to grow its hydrogen industry, Associate Natural Gas Minister Dale […]
Echoing the sentiment of its rivals Transocean and Valaris, Noble Corporation has said it is continuing to see consistent signs of recovery in the offshore rig market, with encouraging and supportive trends, also visible through its new contract awards. As reported earlier this week, Transocean and Valaris were encouraged by continued and meaningful signs of […]
Norwegian operator sizes up bigger FPSO for Canadian project as talks with shipyards resume Norwegian operator Equinor has reignited its stalled Bay du Nord oil project offshore eastern Canada with plans for a larger floating production, storage and offloading vessel that can produce 200,000 barrels per day of oil. The development was shelved in 2020 […]
Stability in Brent crude futures viewed as ‘highly constructive’ for offshore project demand globally Offshore drilling contractors Transocean and Valaris are considering all the increased customer inquiries, discussions, and contract awards realised during the third quarter of 2021 as a positive outlook for the sector. Citing customer conversations and increased utilisation and dayrat
I am really excited about a November event we have in the works to help Noia members offer diverse and inclusive workplaces. As we all recognize, diversity and inclusion practices are imperative for employee engagement and business success, yet some organizations struggle with the capacity to implement such practices. Our diversity and inclusion committee has […]
