“Construction of the facility will begin this summer, and we look forward to the first flow of gas into the pipeline from the Bear Head LNG plant in 2008,” declared Nova Scotia Business Inc. president Stephen Lund. It was 2005, and the head of the Crown corporation tasked with economic development was announcing the sale […]
The Norwegian oil major will continue CCS projects and electrification of offshore oil and gas fields Despite incurring heavy losses during the first half of 2020 and facing an uncertain market environment, Norwegian oil major Equinor said it will continue efforts to decarbonise and become a broader energy company, following similar pledges by other oil […]
Canadian oil operator Suncor has moved its Terra Nova FPSO and docked it shoreside in Newfoundland after its planned drydock in Spain was canceled due to the COVID-19 outbreak. Suncor and its partners in the Terra Nova field in the Atlantic Ocean off Canada, last year sanctioned the Terra Nova Asset Life Extension (ALE) project […]
Ottawa and St. John’s continue talking on an aid package for the offshore oil industry, but the industry says time is running out. Natural Resources Minister Seamus O’Regan says he’s well aware of how important the industry is to the Newfoundland and Labrador with the net-zero emission target by 2050 as one of the key […]
Exploration and development incentives unlikely, says industry association There’s mixed messages emerging from those lobbying for the federal government to deliver an aid package for Newfoundland and Labrador’s battered oil industry. The provincial offshore oil and gas association, known as Noia, is losing hope that Ottawa will come through with incentives for companies to explore [&h
Few companies are thriving at that price, but most are surviving After the brutal price crash in March and April, the mood in the oilpatch is noticeably improved as prices stabilize around $40 US per barrel. Still, that price means different things to different companies, with some beginning to turn on the taps to produce […]
The Trudeau government’s damaging energy policies have contributed to substantial job loss and a 35 per cent decline in oil and gas investment over the last five years—and that’s just the beginning of the bad news. According to a new Statistics Canada report, investment in the energy sector could shrink by an additional 40 per […]
HOUSTON (Bloomberg) –Saudi Aramco has joined with European and U.S. supermajors representing a third of the world’s oil industry to begin curbing emissions at their own operations as the clamor builds for the biggest polluters to act on climate impact. Members of the Oil & Gas Climate Initiative, a group of big oil companies working […]
Skye Lybbert pictured in Edmonton Alta, on Thursday June 25, 2020. Photograph for Canadian Energy Centre Growing up in Alberta, 30-year-old Skye Lybbert has always enjoyed being out in the mountains, curious about understanding the rocks and earth beneath his feet and problem solving. Internships during Lybbert’s undergraduate degree in geology at Edmonton’s University of […]
RIO DE JANEIRO (Bloomberg) –Exxon Mobil resumed drilling in Guyana last month, underscoring its dedication to the offshore hotspot despite the oil price crash and a messy turn in local politics. Two of Exxon’s four drillships went back to work, according to data published Friday by Baker Hughes Co. The company later confirmed that the […]
