Canada News


Agency lays claims against Hibernia operators

May 26, 2015

The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has laid four charges against the consortium behind the Hibernia field after an oil spill. The charges were made against the Hibernia Management and Development…

Encana shuts in Deep Panuke

May 15, 2015

Encana Corp. shut in production from its Deep Panuke platform. The offshore Nova Scotia facility produces and processes natural gas from the Deep Panuke field, found nearly 155 miles southeast of Halifax, Nova Scotia, on the Scotian Shelf…

Mayer Brown: How to survive low oil prices

May 13, 2015

With West Texas Intermediate trading at US$60.13/bbl and NYME natural gas set at $2.94/MMBtu, hydrocarbon producers are looking for ways and means to survive the low price environment. Some of those that are best weathering the storm are those that made specific choices before the fall…

TGS lines up Eastern Canada seismic

May 12, 2015

TGS is to acquire up to 30,000km of seismic data through two new multi-client 2D surveys offshore Eastern Canada. Both surveys are in partnership with PGS, using two vessels during the 2015 acquisition season. The M/V Atlantic Explorer…

OTC15: DNV GL recommendations reduce risk of major accidents

May 07, 2015

At this week’s Offshore Technology Conference (OTC) in Houston, DNV GL revealed a study that analyzes current regulatory regimes, outlining possible future developments and DNV GL’s recommendations to reduce the risk of major accidents. Safety model…

OTC15: 3D printing under the spotlight

May 05, 2015

Lloyd’s Register Energy is inviting companies from America, Canada and Brazil to take part of a joint industry project (JIP) focusing on additive manufacturing at this week's Offshore Technology Conference (OTC) in Houston. Additive manufacturing…

OTC15: Expro wins Statoil Canada contract

May 04, 2015

UK-based international oilfield services company Expro has won a four-year, US$45 million contract offshore Canada with Statoil in the Flemish Pass Basin. The contract, which includes options for two one-year extensions, will include…

Offshore heavy oil economics

May 01, 2015

Jeannie Stell looks at offshore heavy oil development economics with an eye on the current low-price environment. ExxonMobil expects its 52-well Hebron development project offshore Newfoundland to bring in first oil in 2017…

Renewables investment reaches record highs

Apr 07, 2015

Global investment in renewable energy reached record levels in 2014, including the record-breaking US$3.8 billion financing of the largest ever renewable energy plant, a Dutch wind farm project, a new report has shown. Image from Siemens…

Repsol taking Talisman

Feb 18, 2015

Talisman Energy shareholders approved Spain’s Repsol to take over the Canadian company for an estimated US$8.3 billion. Image from Repsol.   In an overwhelming vote of more than 99%…

First Canadian contract for R2S

Jan 14, 2015

Return To Scene has won its first contract for the R2S photographic capture in Canada via Canadian distributor NSB Energy. Work on the contract, worth about US$ 800,000, has already started, said the firm. Return To Scene’s innovative…

Hibernia workers get new deal

Jan 08, 2015

Workers at the Hibernia gravity-based offshore oil platform, represented by Canadian union Unifor, have voted to accept a new collective agreement with their employer. The new agreement includes improvements in wages, benefits and working conditions including for temporary employees…

Woodside farms-in offshore Nova Scotia

Dec 18, 2014

Woodside advises that it has finalized an agreement with BP to farm in to offshore blocks in the Scotian basin, off the coast of Nova Scotia, Canada. BP accepted Woodside’s offer to acquire a 20% participating interest in exploration licenses 2431…

Chevron cancels Beaufort plans

Dec 18, 2014

Chevron has said it is canceling plans to drill for oil in the Beaufort Sea in Canada's Arctic because of economic uncertainty in the industry as oil prices fall. Beaufort Sea map. From Chevron.   The…

Repsol agrees $8.3bn for Talisman

Dec 16, 2014

Spain's Repsol has agreed a deal to buy Canadian exploration and production company Talisman Energy for US$8.3 billion plus debt - amounting to the largest international deal by a Spanish company in five years. The deal, which had been rumored for some months…

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