Premier Andrew Furey and federal Intergovernmental Affairs Minister Dominic LeBlanc say they are on the same page when it comes to ensuring the future viability of Newfoundland and Labrador’s oil and gas sector. And while they remained short on details, LeBlanc seemed to hint at some sort of announcement in the coming weeks. Furey said […]
A survey made by the Norwegian statistics bureau SSB revealed that oil and gas investment in Norway will rise more this year and decline less in 2021 than predicted a few months ago. Oil firms, including giant Equinor, decided to go through with several projects after the Norwegian government granted tax incentives in June to encourage investment following a […]
The Canada Energy Regulator says its expects oil production in Canada will average 4.38 million barrels per day this year, down by 6.6 per cent compared with 2019. The federal regulator says it expects oil production to gradually recover over the balance of 2020 after producers halted what analysts estimate was as much as one […]
It’s an understatement to say the slowness of these programs has generated skepticism within the industry Well, imagine that, a Canadian oil producer is set to receive help from the federal government’s much-touted financial assistance programs for the energy sector. It took a while — 17 weeks, in fact — since the initial promise of […]
Kraken Robotics Inc. went looking for experience and found it in someone whose old job might have made him a customer. Kraken said Thursday that Sam Allen, who led Technip Canada from its inception in 1997 until 2012 and has over 30 years of experience in the offshore energy industry, is joining Kraken Robotics Inc. […]
Norwegian seismic player continues discussions with lenders The board of directors for Norwegian seismic player PGS has rejected an unsolicited $600 million offer from peer TGS for its multiclient library, saying the proposal was “not in the best interests of the company and its stakeholders”. PGS said Thursday that the board believed offer undervalued its […]
Impact of spending decline felt across the provincial economy, ATB Financial economist says Capital spending on oil and gas extraction in Alberta is expected to fall by roughly $7 billion from last year to $16.6 billion in 2020 — a plunge of about 30 per cent, according to ATB Financial. In an analysis released Wednesday, […]
Drilling to start ‘imminently” with the drillship now on location at the Kaieteur Block US giant ExxonMobil is preparing to spin the bit at the Tanager prospect on the Kaieteur Block off Guyana, with the drilling rig now on location. UK-listed Westmount Energy, which holds an indirect interest in the Kaieteur Block through its minority […]
Newfoundland and Labrador seeking support for pillar of province’s economy As a girl in the small town of Lewisporte on the shores of the Atlantic Ocean, Sacha Gale often struggled with the question of what she wanted to be when she grew up. Unlike her younger brother and sister who were passionate about music and […]
US independent and partner Total to drill appraisal and new exploration probes next year after latest wildcat success US independent Apache is lining up appraisal and exploration drilling programmes off Suriname next year after unveiling what it called a “major” oil discovery, with test results suggesting it is the best well drilled to date on […]
