St. John’s, NL (March 5, 2021) – At 9:48 a.m. March 12, 2009, the accident of Cougar Flight 491 off the coast of St. John’s, NL, resulted in the loss of life of 17 people. This year marks the twelfth anniversary of this loss of life. Due to public health measures, this year’s memorial service […]
Noia has launched a new blog, CEO Corner, as a way for CEO Charlene Johnson to communicate and connect with members. The blog will provide Charlene with the opportunity to discuss important and relevant issues about our offshore oil and gas industry and share information about Noia’s advocacy efforts. The inaugural edition of the CEO […]
Offshore project commitments are expected to not only recover going forward, but their number is also set to reach a new record in the five-year period towards 2025, cumulatively almost 600 projects, a Rystad Energy report shows. Deepwater commitments will enjoy the largest growth as their cost has now become much more competitive against greenfield […]
There is no doubt 2020 was an unprecedented year, and as a result, the offshore industry today looks very different than it looked in January of 2020. As we rang in the new year in 2020, the Newfoundland and Labrador offshore oil industry was thriving. The future looked bright as Husky Energy forged ahead with […]
OPEC+ relations are likely to be strained as prices continue to rise, oil demand increases, and the more financially distressed oil producers look to take advantage of increased prices in the short-term as well as a higher outlook for prices between now and the end of 2022. That’s what Matthew Bey, a Stratfor analyst with […]
The number of upstream oil and gas merger and acquisition (M&A) deals dropped by approximately 40 percent in 2020 compared to the previous year, and the value of such deals declined by nearly 50 percent during the period, according to a new report from Deloitte. “2020 has been an unprecedented and tumultuous year for the […]
US independent to accelerate exploration and appraisal drilling in Block 58 with operator Total US independent Apache has unveiled plans to invest $200 million in exploration activities this year, with nearly all of it to be used to advance drilling operations in prolific Block 58 off Suriname where it is joined by French giant Total. […]
Seven companies have applied for production licenses in the 25th licensing round on the Norwegian shelf. The deadline for applications was 23 February. A total of 136 blocks or parts of blocks were announced in this licensing round. Of these, eleven are in the Norwegian Sea and 125 in the Barents Sea. “In this round, […]
Guyana has made progress in building up capacity for serving its offshore fields, but Suriname’s arrival on the scene could offer more scale Guyana and Suriname face challenges building up local capacity for servicing new offshore industries and discussion is emerging about how the two countries might get better results by working more closely together. […]
In the fourth part of our Special Focus on Guyana & Suriname, Upstream examines interest in Suriname’s shallow-water licensing round Apache’s oil discoveries on Block 58 and the Petronas-operated Sloanea-1 find on Block 52 have stimulated interest in a Suriname shallow-water bid round. The eight blocks on offer, extending from the west of the country, […]
