Commodities
Commodity Pricing
I am writing to provide you with information on upcoming changes to The Daily Barrel. After consultation with legal experts in the area of copyright law, Noia has decided to alter the format of The Daily Barrel to be compliant with current best practice. Beginning Monday, January 17, The Daily Barrel and the associated Noia […]
13/01/2022 The combination of high production of oil and gas from a total of 94 fields, significant demand and high commodity prices led to a historically high level on the State’s revenues from petroleum. Much of this is due to record-high gas prices. Record-high revenues from the Norwegian shelf- The Norwegian Petroleum Directorate expects stable, […]
Integrated drilling services contract offered up for important probe offshore Newfoundland & Labrador BP has hit the market with an inquiry for drilling services for a minimum one-well offshore wildcatting campaign it has pencilled in for eastern Canada, targeting a huge multi-billion barrel exploration target. The supermajor operates exploration licences (ELs) 1145, 1146, 1148 and […]
Canadian Natural Resources Ltd (CNQ.TO) on Tuesday joined its rivals in forecasting higher capital expenditure and production in 2022, as it bets on a sustained recovery of oil and gas prices from the pandemic-driven historic lows. Canadian producers are raising their full-year expenditures as they benefit from rallying crude and gas prices. However, companies are […]
NOIA, Opposition concerned about effects of pausing program Newfoundland and Labrador’s government says the decision to pause an annual offshore seismic survey is a smart move, but its sparking a wave of reactions from oil industry stakeholders. In place since 2010, the annual seismic program sees specialized vessels sending jolts of pressurized air to the […]
Andrew Furey, Premier of Newfoundland & Labrador, reneges on pledge to continue funding seismic programme The Newfoundland & Labrador (NL) government in Canada has provoked the anger of the province’s upstream sector by refusing to allocate funds towards offshore seismic campaigns for 2022, backtracking on a pledge made in writing last year. Over the last […]
(St. John’s, NL – January 6, 2022) Noia has recently learned that the Government of Newfoundland and Labrador is not allocating funding for the 2022 offshore seismic program and as such, the program will cease for this year. Noia is disappointed with this decision and encourages the Provincial Government to reconsider for this year and […]
Suncor Energy unit will be revamped at Navantia’s El Ferrol yard and return to Canada this year Suncor Energy’s ageing Terra Nova floating production, storage and offloading vessel has arrived in Spain for vital upgrade and repair work that will keep her stationed offshore Canada for 10 more years. The FPSO has arrived at Navantia’s […]
It’s full steam ahead for Norwegian oil and gas operators, say consultants Norway’s oil and gas production growth and record cash flows in 2022 will strengthen balance sheets while there’s a record number of final investment decisions for projects in the nation on the table, according to UK-headquartered consultants Wood Mackenzie. The high activity level […]
