Bids for 10 blocks offshore gas-rich Labrador to be submitted by year-end, but other rounds set for 2021 are cancelled Bidders for acreage offshore gas-rich Labrador on Canada’s east coast will be able to submit their offers by the end of this year, five years after the licensing exercise kicked off. In November 2016, the […]
Nominations are now open for Noia’s 2021 Board of Directors Click here for a list of nominees Positions Available Vice-Chair Treasurer Director (3 Positions)* * As per Section 4.11 of Noia’s by-laws: (j) At least one director representing a person Located and Engaged in Business in the province in accordance with section 3.9 that employs […]
ST. JOHN’S, NEWFOUNDLAND, April 9, 2021 /GLOBE NEWSWIRE/ –Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), Canada’s Ocean Company, is pleased to announce that it has entered into a non-binding letter of intent (the “LOI”) dated April 8, 2021 in connection with the proposed acquisition of PanGeo Subsea Inc. (“PanGeo”) from Cahill Innovation Inc, a member [&
Call for Bids in Labrador South Region In November 2016, the Canada‐Newfoundland and Labrador Offshore Petroleum Board (C‐NLOPB) issued a Call for Bids NL16-CFB03 (Labrador South Region). This Call for Bids consists of 10 parcels and a total of 2,294,340 hectares. In August 2017, the C-NLOPB issued an update to advise that the close of […]
Canadian Natural Resources (CNRL) and Cenovus Energy, two of Canada’s biggest oil producers, said on Tuesday they will set new goals to reduce greenhouse gas emissions, but not pivot away from their core businesses. Oil sands producers, who extract some of the world’s most carbon-intense crude, face pressure from investors to reduce their environmental impact. […]
The head of the Canadian Association of Petroleum Producers says predictions of the end of the oil industry during a global price war and the pandemic a year ago have proven false and the sector is rebounding to pre-COVID-19 levels of production and pricing. Speaking at the opening of the 2021 Scotiabank CAPP Energy Symposium, […]
Orders for production floaters have bounced back over the past month driven by rising crude prices, according to Jim McCaul, head of offshore business intelligence firm World Energy Reports. McCaul bases his assessment on data in a new floating production systems report prepared by World Energy Reports. The report provides details for 206 floater projects […]
When President Biden yesterday unveiled his $2-trillion economic recovery plan, few in his immediate circle likely thought about oil. Yet, the plan will have a positive effect on oil demand because $621 billion of the total would be used for transportation infrastructure, including lots of roads. And roads are built with asphalt. Of this $621 […]
Oil major ExxonMobil is preparing to start up a gas compressor on SBM Offshore’s Liza Destiny FPSO, operating offshore Guyana, this week following a technical issue that started in January 2021. As previously reported, ExxonMobil started experiencing technical issues with the gas compressor on the SBM Offshore-owned FPSO Liza Destiny, which is working on the […]
Robots could replace hundreds of thousands of oil and gas jobs globally and reduce drilling labor costs by several billion dollars by 2030, if there is an industry push for such a transition, Rystad Energy has found. “Even when the Covid-19 downturn is finally past us, operators will have to continue exploring new avenues for […]
