Newfoundland

Qatar’s state-owned energy producer is looking to Eastern Canada to build exploration prospects after taking sizable stakes in ExxonMobil’s Newfoundland and Canada offshore acreage. QatarEnergy agreed to join ExxonMobil Canada in developing exploration licenses (EL) 1162 and 1167, both in the deep waters offshore Eastern Canada. While Eastern Canada is not known as a natural…

As Europe seeks replacements for Russian oil, the Canadian government has withheld approval of a $12 billion supply project led by Norwegian producer Equinor ASA offshore of Newfoundland. The Liberal federal cabinet in Ottawa in late February its second 40-day postponement for a decision on the 200,000 b/d platform planned for an Atlantic discovery known…

A Newfoundland candidate to launch liquefied natural gas (LNG) exports from Canada’s Atlantic coast stepped forward Tuesday with a prospective native partner and support from the provincial government. LNG Newfoundland & Labrador Ltd., Miawpukek First Nation, the First Nations Major Projects Coalition and provincial Premier Andrew Furey unveiled a “framework agreement” for a C$10 billion…

Canadian Prime Minister Justin Trudeau has singled out the oil and gas industry as a target for toughened pollution policing in his campaign for reelection of his Liberal government in a Sept. 20 national vote. “Let’s be realistic,” said Trudeau as he unveiled an environmental plank in the party platform at a weekend rally in…

Failure to revive a mothballed production project prompted Calgary-based Suncor Energy Inc. to announce Tuesday a C$425 million ($319 million) write down on its 27.5% share of an oilfield offshore of Newfoundland. Suncor said majority owner Husky Energy Inc. stranded a 200 million bbl White Rose field addition by suspending construction when the Covid-19 virus…

After launching the planning for the fifth Canadian offshore oil production platform on the Grand Banks of Newfoundland, Norway’s Equinor set out Wednesday on a hunt for more discoveries.

A 19-month exploration program offshore Newfoundland in the frontier Flemish Pass Basin has yielded two more discoveries, strengthening the promise for future development in Eastern Canada’s offshore, Statoil ASA said.

Improved development and drainage of shale plays is among the topics researchers at the University of Texas (UT) will investigate as part of an energy partnership agreement signed by UT and Statoil in Austin, TX, Monday.