Germany has been on the hunt for new LNG supplies in order to stave off the near term crisis of stuttering Russian gas supplies. Chancellor Olaf Scholz’s visit to Canada did not come through on the LNG front, but he did seal an ambitious deal on hydrogen.
BP is selling off its oilsands project in Canada under a deal with Cenovus Energy, which will see it paid in cash and a stake in the offshore Bay du Nord project.
Forty years ago on February 15 1982, the Odeco semi-submersible drilling rig Ocean Ranger was lost in heavy seas and hurricane force winds on the fabled Grand Banks offshore Newfoundland.
QatarEnergy has struck a deal with ExxonMobil to take a stake in an exploration licence offshore Canada’s east coast.
Due east across the Atlantic from the Northern North Sea/West of Shetland is Atlantic Canada, home to a small but important cluster of oilfield developments located off Newfoundland.
Norwegian operator Statoil has finalised a 19-month drilling program offshore Newfoundland.
Deck machinery specialist ACE Winches has secured a six-figure contract with an operator to support in connecting the Hebron gravity based structure (GBS) and topsides offshore Canada.
BG Group has acquired three non-operated positions offshore Newfoundland from Spanish-owned Repsol. The company said the move gives it additional access to early stage exploration in a proven prospective basin ahead of the first well being drilled this year.
Enegi Oil has agreed to end a farm-in agreement with BSE (Black Spruce Exploration) in Canada. The company said it the decision had been taken in recognition of the “problems” in completing investment for large-scale plans in the current climate. It said the termination of the agreement would also allow for faster results and appropriate regional development in plays such as western Newfoundland.