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…
Articles from Newfoundland
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.