Canada Revisits Offshore O&G Exploration

Friday, September 12, 2008

Led by Husky Energy Inc., a handful of companies won development rights on four offshore parcels by committing to spend a total of $186-million to explore them, the Canada- Newfoundland and Labrador Offshore Petroleum Board said yesterday.

The successful rights sale has fuelled further optimism in the province's oil and gas industry, which recently celebrated a $7-billion deal to develop the oil field and is expecting 's partners to reach agreement to proceed with the next phase of that first offshore project.

Oil companies were last active in the region in the late 1970s and early 1980s – spurred by federal grants under the National Energy Program – and made five significant discoveries of gas. But after hoping to find oil, they abandoned because of the inhospitable conditions and lack of infrastructure to get gas to market.

 (Source: www.theglobeandmail.com)

Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

New Standard gets Revised Program for Cooper Basin Approved

New Standard Energy Limited (New Standard) advises that it has received approval for amendments to its five year work program in PEL570 in the Cooper Basin. As part of the revised program,

Floating Production: $1.2b Speculative FLNG Ordered

The floating production business continues to be very strong, particularly in the LNG gas processing sector.  Last month saw a speculatively ordered floating liquefaction plant – a $1.

FLNG Prelude: A New Dawn in the Age of Maritime & Energy

Longer than four football fields, as big as six Nimitz-class aircraft carriers and almost as tall as the Taipei 101 skyscraper, Royal Dutch Shell PLC is hoping that its record-setting,

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1014 sec (10 req/sec)