Report says BHP Mulls Oil & Gas Exit
Global miner BHP Group is considering getting out of oil and gas in a multibillion-dollar exit as it looks to speed up its retreat from fossil fuels, Bloomberg News reported on Tuesday, citing people familiar with the matter.The world's biggest miner is reviewing its petroleum business and considering options including a trade sale…
Wood Promotes Leonard in Americas Role
Engineering firm Wood said it has appointed Paul Leonard as President of Operations Services in its Americas business to succeed Tim O’Leary, who is retiring from the company after a 20-year tenure.Wood’s Operations Services business complements the company’s capital projects businesses through the provision of operations…
Pieridae Mulls Extensions with Uniper
Canadian energy company has negotiated extensions of the key deadlines under its 20-year agreement with German energy trader Uniper.These include expected commercial deliveries of LNG gas to Uniper to start between November 30, 2024 and May 31, 2025, and the extension of the deadline to make a positive…
Fugro Goes Seep Hunting off Eastern Canada
A geophysical acquisition portion of a 2018 Carson Basin seep hunting program offshore eastern Canada recently completed by Fugro covered an area of 18,875 square kilometers in water depths from 300 to 3,300 meters in this frontier region offshore Newfoundland. From its deepwater survey vessel, Fugro Searcher…
Swiss Utility in Talks to Buy LNG from Canada's Goldboro Project
Axpo, a Swiss utility and energy trader, said on Thursday it was in talks for a 10-year supply deal with a Canadian company planning to build a liquefied natural gas (LNG) terminal.A sales and purchase agreement would boost the chances that Pieridae Energy would decide to build the C$10 billion ($7.6 billion) Goldboro project…
UTEC Develops Bespoke FPSO Virtual Management Tool
UTEC has delivered a bespoke Virtual Asset Management tool to an offshore Operator in Eastern Canada to allow its team to remotely access its floating, production storage and offloading unit (FPSO) from their desktop. The field, located offshore approximately 350 kilometers southeast of Newfoundland and Labrador contains one of the largest FPSO vessels ever built.
ExxonMobil's Canada Offshore Project Produces First Oil
The Hebron oil project off the coast of eastern Canada has produced its first oil, operator Exxon Mobil said on Tuesday, in a boost to Atlantic Canada's output after years of weak crude prices. At its peak Hebron will produce up to 150,000 barrels per day (bpd), Exxon said. It will help Atlantic Canada offshore production climb 44 percent to 307…
TechnipFMC Wins West White Rose Contract
TechnipFMC has been awarded an Engineering, Procurement, Construction and Installation (EPCI) contract from Husky Energy for the West White Rose Project in Eastern Canada. The contract covers the supply and installation of subsea equipment including tie-in manifolds, flexible flowlines, and control umbilicals…
US LNG Exports to Increase: EIA
U.S. Energy Information Administration (EIA)'s latest Short-Term Energy Outlook projects that the United States will export more natural gas than it imports in 2017. The U.S. has been a net exporter for three of the past four months and is expected to continue to export more natural gas than it imports for the rest of 2017 and throughout 2018.
Tanker with Disputed Kurdish Oil Reappears off Malta
The Neverland tanker has reappeared off the coast of Malta after going off radar near Canada on June 30, when it was chartered by oil trader Vitol carrying Iraqi Kurdish crude oil, Reuters ship-tracking showed on Friday. The tanker had been heading to eastern Canada to discharge the cargo at the end…
East Coast Refiners Mull Texas Oil as North Dakota Alternative
U.S. East Coast refiners are looking to buy increasing volumes of domestic crude oil from the Gulf Coast, two sources said, the latest twist in a trade flow upheaval in the wake of the opening of the Dakota Access pipeline. Major U.S. East Coast refiners profited from railing hundreds of thousands of…
Seadrill Bags Contract For West Aquarius
Seadrill Partners (SDLP) has secured a one well contract with BP Canada Energy Group ULC for the West Aquarius in eastern Canada. The contract is expected to commence in the second quarter of 2018. The backlog for the contract, estimated to be a maximum of 120 days, is expected to be approximately $31 million.
Shell's Search for Oil Moves Closer to Home
In the waters off Malaysia, Royal Dutch Shell is finding gas quickly and cheaply to replenish depleting fields where only a few years ago geologists had lost hope of discovering any new reserves. The Anglo-Dutch group is combining the latest technology with the wisdom of industry veterans to unlock new oil and gas deposits where it already operates…
Wood Group Bags Hibernia Deal
Wood Group has secured a five year contract to provide engineering, procurement, construction and maintenance services to the Hibernia platform, offshore Newfoundland, from Hibernia Management and Development Company Ltd. (HMDC). The contract will be executed by Wood Group’s Eastern Canada operations, in St.
Low Prices May Hobble Potentially Massive New Canada Oilfield
A deepwater oilfield off the coast of eastern Canada could hold 25.5 billion barrels of crude, according to a new seismic report by the Newfoundland and Labrador government, potentially making it the country's largest offshore resource. But the West Orphan Basin, 300 km (186 miles) northeast of Newfoundland…
Canadian Regulator OKs Repsol LNG Export Plan
Spanish energy giant Repsol has received approval from Canadian regulators to begin exporting liquefied natural gas from its under-utilized Canaport import facility in Saint John, New Brunswick. The National Energy Board of Canada granted the company a 25-year permit to import as much as 312 billion…
Teekay Orders 3 Tankers for Canada Contracts
Teekay Offshore Partners L.P. informs it has entered long-term contracts to provide shuttle tanker services for a group of companies producing oil on Canada’s East Coast, including Chevron Canada, Husky Energy, Mosbacher Operating Ltd., Murphy Oil, Nalcor Energy, Statoil and Suncor Energy. The 15-year contracts…
Bear Head LNG Clears Hurdle in Further Development
Assessment for the development of an 8 mtpa LNG export facility in Point Tupper, Nova Scotia. The NSE approval is the last of the 10 initial federal, provincial and local regulatory approvals needed to construct a LNG export facility on the Strait of Canso in Nova Scotia. Bear Head LNG is now the only…
TransCanada will Not Build Oil Export Terminal in Quebec
TransCanada Corp has decided not to build a proposed oil export terminal in Quebec as part of its C$12 billion ($9.5 billion) Energy East pipeline, opting to ship the crude from Alberta to another terminal in New Brunswick, the La Presse newspaper reported on Wednesday. The Calgary-based company said…
Canada's New Brunswick Bans Fracking, Plans Study
Lawmakers in New Brunswick voted on Thursday to prohibit fracking in the eastern Canadian province, committing to study the controversial method of extracting oil and gas for one year before reconsidering the ban in 2016. The province's Liberal-led government said it will require five conditions be met before the moratorium is lifted.
