GEORGETOWN, Sept 7 (Reuters) – Guyana awarded a unit of Saudi Aramco (2222.SE) a tender to purchase a portion of the country’s oil production, and the two parties will likely enter into a one-year marketing deal, an official said on Tuesday. The South American country last month received bids from 15 companies aiming to market […]
In nine years, Newfoundlander and Labradorian Michael Critch has fought tooth and nail to transform his small engineering firm into two handfuls of companies with more than $50 million annual turnover. Now, NSB-Omega Group – a multifaceted technical services, project management, and staffing company with connections, contacts and clients all over the world – is […]
It is amazing how quickly September has come upon us. As this month is shaping up to be both busy and exciting, I hope everyone had the opportunity to enjoy the summer and the beautiful weather Newfoundland and Labrador had on offer. Canada has a federal general election underway and I believe this is a […]
The Noia Oil & Gas Conference 2021 is quickly approaching and Session Three offers a can’t miss expert panel discussion on the importance of achieving local participation in the supply chain. Conference delegates will hear from Tracey Simpson, BHP Canada Country Manager, Petroleum, about the approach they have used to engage the local supply community. […]
The prolific Stabroek Block offshore Guyana, covering an area of 6.6 million acres, still has multiple exploration prospects remaining with large swathes of the ExxonMobil-operated license still unexplored. This is despite the U.S. oil major and co-venturers Hess and CNOOC already making 22 commercial discoveries with volumes now exceeding 9 billion barrels of oil equivalent […]
Sapote exploration well follows on from the Jabillo and Bulletwood prospects ExxonMobil has spudded a new ultra-deep water exploration on the Canje block offshore Guyana, according to Canada-listed independent Eco Atlantic Oil & Gas. The Sapote-1 well is designed to test Upper Cretaceous reservoirs in a stratigraphic trap. The well is 225 kilometres north-east of […]
While all three main party candidates in the federal riding of St. John’s East agree on the existence of a climate emergency, their opinions on subsidies to the oil and gas industry differ dramatically. On Monday, federal NDP leader Jagmeet Singh announced that his government would entirely eliminate fossil fuel subsidies if elected. The Conservative […]
Brazil and its tiny neighbors Guyana and Suriname have recently risen to prominence with major oil discoveries despite what most would see as an unfavorable environment—the energy transition seems to be moving ahead at full speed and oil’s days should be numbered. Only they aren’t. And the future of oil appears to be offshore. Brazil […]
Deepwater drilling contractor Transocean has secured a $252 million firm contract at the Shenandoah field in the U.S. Gulf of Mexico for its newbuild ultra-deepwater drillship, the Deepwater Atlas, including a mobilization fee of $30 million. “This award results from the final investment decision of [BOE Exploration & Production LLC (“BOE”)] and the Shenandoah working [&helli
Head of Newfoundland & Labrador Oil & Gas Industries Association demands answers in letter to leaders of five major parties The biggest oil and gas lobby group in Newfoundland & Labrador has written to the leaders of all Canada’s main political parties ahead of net month’s snap election asking how they will support the offshore […]
