Chevron Postpones Newfoundland Venture

Tuesday, April 04, 2006
Chevron Canada Ltd. says its partnership has decided to suspend negotiations with the government of Newfoundland and Labrador and demobilize the Hebron offshore project team after failing to reach a development agreement with the province. The joint-venture partners are ExxonMobil Canada, Petro-Canada and Norsk Hydro Canada Oil & Gas Inc., a subsidiary of Norway's Norske energy and industrial giant. Toronto Star reported that Hebron poses a number of challenges due to the high degree of technical complexity associated with recovering heavy oil in a harsh marine environment. While project activities have been suspended, the co-venturers remain positive that activities could proceed at a future date after a deal is reached with the provincial government. The Hebron field is 350 kilometers off Newfoundland and Labrador. If developed, the Hebron field would be the fourth major offshore oil project off the coast of Newfoundland. (Source: Toronto Star)
Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Danos Fabrication Facility Creates 150 Jobs

Danos, a family owned oil and gas service company, announced plans to expand its fabrication capabilities, by opening a 120,000 square-foot fabrication facility in Amelia, La.

US’ Largest Floating Drydock Heads to Portland

The country’s largest floating drydock, the Vigorous, is headed for Portland this weekend. The drydock, a piece of equipment used to lift vessels as large as cruise ships out of the water,

Transocean Fleet Update Summary

Transocean Ltd. today issued a monthly fleet update summary which includes new contracts, changes to existing contracts and changes in estimated planned out-of-service

Navy

MN 100: Brunswick Commercial and Government Products

420 Megan Z. Ave Edgewater, FL 32132 Telephone: 386 423 2934 E-mail: kelsey.nemeth@whaler.com Website: www.brunswickcgp.com CEO/President: Huw Bower Number

MN 100: BAE Systems Ship Repair

750 W. Berkley Avenue Norfolk, VA 23523 Tel: (757) 494-4674  Email: john.measell@baesystems.com Website: www.baesystems.com/shiprepair President: William Clifford The Company: BAE Systems,

Signet Tows Aircraft Carrier on Final Voyage

The final voyage of aircraft carrier USS Saratoga begins today. From the Eastern Hemisphere to the Western Hemisphere, the USS Saratoga has made her mark around the globe,

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Pipelines Pod Propulsion Salvage Shipbuilding / Vessel Construction Sonar Winch
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: 0.1521 sec (7 req/sec)