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Equinor set to sanction huge Brazilian offshore project

Equinor and its partners will sanction BM-C-33 development by early 2022 with potential final investment decision in early 2023 Norway’s Equinor will soon sanction development of the giant Pao de Acucar gas condensate field on Block BM-C-33 in Brazil’s Campos basin. “We have matured towards preliminary project sanction now or [the] beginning [of] next year […]

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Minister Parsons Launches Renewable Energy Plan for Newfoundland and Labrador

NLIS 1 Executive Council Industry, Energy and Technology December 16, 2021   Minister Parsons Launches Renewable Energy Plan for Newfoundland and Labrador The Honourable Andrew Parsons, Minister of Industry, Energy and Technology, today launched the province’s Renewable Energy Plan. The plan, titled ‘Maximizing Our Renewable Future’, was developed with considerable input fro

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Exxon Proposing to Build Supply Base for Guyana Project

Exxon Mobil Corp outlined a major new investment in Guyana amid government calls for delivering economic benefits to residents from deepwater oil and gas discoveries helping turn the South American nation into an oil powerhouse. A coming onshore supply base will expand jobs and boost local fabrication for future projects starting with its fourth production […]

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Cenovus Energy Releases 2022 Budget

Cenovus Energy, which merged with Husky earlier in the year, is expecting most of its capital spending in the offshore sector to be directed towards the Terra Nova Asset Life Extension project – but the jury is still out on West White Rose. Cenovus released its 2022 budget and 5-year business plan today. The company […]

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