“We have issued a Drilling Operations Authorization today to CNOOC Petroleum North America ULC, to enable exploration drilling to commence in the Canada-NL Offshore Area, utilizing the Stena Forth drill ship. The authorization is valid until September 30, 2021.” —- Issued by C-NLOPB via social media on Tuesday, April 27, 2021.
US supermajor expects to add additional volumes to discovered resources of 9 billion barrels of oil equivalent ExxonMobil is set to push recoverable resources at its prolific Stabroek block offshore Guyana beyond 9 billion barrels of oil equivalent after the US supermajor and its partners in the tract unveiled yet another discovery. Waters off the […]
UK-based global energy consulting group Wood Mackenzie says Guyana is in a unique position as the world’s newest major oil producer. Other oil- and gas-dependent producers are contemplating the threat posed by the energy transition to their economy. Guyana’s oil, only just being commercialised, promises to transform the nation’s wealth. Guyana’s oil fields are prodigious. [
The tiny South American nation of Guyana is poised to become one of the leading offshore drilling jurisdictions in South America. Global energy supermajor Exxon, has established a dominant foothold in offshore Guyana, acquiring a 45% interest in the 6.6-million-acre Stabroek Block, with partner Hess holding 30% and Chinese national oil company CNOOC controlling the […]
Department of Industry, Energy and Technology working hard to secure future for Come By Chance facility, says minister Lloyd Parrott Andrew Parsons was to meet Tuesday evening with mayors of communities that would be most impacted should the Come By Chance oil refinery in Newfoundland and Labrador shut down for good. The minister of Industry, […]
Collaboration is key in moving the Newfoundland and Labrador offshore oil & gas industry forward, especially within the new normal of our world and the global economy. Recognizing this, the 2021 Noia Oil & Gas Conference will include a session on collaboration in the Newfoundland and Labrador offshore oil and gas industry. Titled Collaboration in […]
ST. JOHN’S, NEWFOUNDLAND, April 19, 2021 /GLOBE NEWSWIRE/ — Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), Canada’s Ocean Company, is pleased to announce that it has acquired 13 Robotics Ltda of Brazil (“13R”). The 13R team, with offices in Rio de Janeiro and Salvador, Brazil, consists of software developers and engineers who have significant experience […]
Canadian oil sellers are sending exports to the U.S. West Coast, an unexpected move prompted by the staggered global demand recovery from the pandemic. For the second time this month, a tanker will load crude from eastern Canada’s oil-rich Newfoundland province and head to the U.S. West Coast, shipping fixtures compiled by Bloomberg show. The […]
The Stena Forth rig set to drill up to two wells in the Newfoundland offshore is currently sitting off Bay Bulls. It’s one of the few encouraging developments in the local oil and gas sector. Local industry consultant Rob Strong says CNOC—or the China National Oil Company—will be conducting the only exploration activity in the […]
WASHINGTON — Canada is growing ever more reliant on imported American oil, a new report from the country’s energy regulator suggests, putting a counter-intuitive spin on the fierce debate about cross-border pipelines and energy independence. The United States provided nearly four out of every five barrels of imported crude in 2020, a year when global […]
