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

People & Company News

Sapurakencana Wins 3 Petronas Oil blocks

SapuraKencana Petroleum Berhad today announced that it has entered into Sale and Purchase Agreements to acquire the entire interest of PETRONAS in 3 blocks offshore

Kemp Succeeds Semple at Wood Group

Wood Group announced following changes to its senior management team. Alan Semple, chief financial officer (CFO) has advised the board that he intends to

ST Engineering Rejigs Top Deck

Singapore Technologies Engineering Ltd (ST Engineering) today announced the appointment of senior management personnel to new key management positions in the

Navy

HMAS Success Deploys to Middle East

After months of preparation, HMAS Success departed Garden Island in Sydney today for a six-month deployment to the Middle East Region to provide logistic support

USS Oscar Austin Deploys to 6th fleet

Arleigh Burke-class guided-missile destroyer USS Oscar Austin (DDG 79) departed Naval Station Norfolk Nov. 21 for a deployment to the U.S. 6th Fleet area of responsibility (AOR).

Steven Palazzo Visits HII, Newport

Huntington Ingalls Industries today hosted Rep. Steven Palazzo, R-Miss., for a tour of the company's Newport News Shipbuilding division. Palazzo represents the fourth district of Mississippi,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Pipelines Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction 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: 0.1318 sec (8 req/sec)