Newfoundland

Suncor to Write Down $425M for Stranded Oilfield Project Offshore Newfoundland

Suncor to Write Down $425M for Stranded Oilfield Project Offshore Newfoundland

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…

January 6, 2021
Equinor, BHP Billiton Grab Grand Banks Offshore Acreage in Canadian Lease Sale

Equinor, BHP Billiton Grab Grand Banks Offshore Acreage in Canadian Lease Sale

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.

November 12, 2018
Statoil Touts Two More Discoveries Offshore Eastern Canada in Flemish Pass Basin

Statoil Touts Two More Discoveries Offshore Eastern Canada in Flemish Pass Basin

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.

June 13, 2016

Statoil, University of Texas Sign Energy Partnership

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.

September 20, 2011