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Business Developments & Projects

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Noble Highlander jack-up rig (for illustration purposes); Source: Noble Corporation
Business Developments & Projects

International offshore rig count continues its upward trend

Baker Hughes’ international rig count report shows a further increase in the number of offshore rigs in August 2023, as 4 additional units were recorded compared to the month before.

about 3 years ago
World Energy GH2 secures land approval for its green hydrogen project
Business Developments & Projects

World Energy GH2 secures land approval for its green hydrogen project

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Canadian renewable energy company World Energy GH2 has been granted approval of Crown land application by the province of Newfoundland and Labrador for its large-scale green hydrogen project – Project Nujio’qonik. The company said that the land approval marks its latest major achievement and propels

about 3 years ago
Norden bulker
Business Developments & Projects

Teck teams up with Norden to cut its carbon footprint

Danish shipping company Norden has inked a deal with Teck Resources Limited, one of Canada’s largest mining companies, to reduce CO² emissions in Teck’s steelmaking coal supply chain. The agreement is expected to reduce annual emissions from Teck shipments handled by Norden by 25%, or up to 6,700 to

about 3 years ago
HaiSea Marine takes delivery of 2nd electric tug for LNG Canada facility
Business Developments & Projects

HaiSea Marine takes delivery of 2nd electric tug for LNG Canada facility

Canada’s HaiSea Marine, a joint venture majority-owned by the Haisla Nation in partnership with Seaspan ULC, has welcomed the second emissions-free battery electric tug built by Sanmar Shipyards in Türkiye. The tug named HaiSea Wee’git is joining its sister vessel HaiSea Wamis, which was delivered e

about 3 years ago
Hercules rig; Source: Odfjell Drilling
Business Developments & Projects

Semi-sub rig bags another drilling assignment off Canada

Equinor has booked a semi-submersible rig, owned by SFL Corporation (SFL) and managed by Odfjell Drilling, for a drilling campaign offshore Canada.

about 3 years ago
Transocean Endurance rig (for illustration purposes); Source: Transocean
Business Developments & Projects

US offshore rig count goes down to 18 units

Baker Hughes’ weekly rig count report shows that the number of offshore rigs in the United States slipped down a notch last week.

about 3 years ago
Canada’s Cedar LNG postpones final investment decision to Q4 2023
Business Developments & Projects

Canada’s Cedar LNG postpones final investment decision to Q4 2023

Cedar LNG, a partnership between the Haisla Nation and Canadian energy infrastructure company Pembina Pipeline, has pushed the final investment decision (FID) to the fourth quarter of 2023 due to the second front-end engineering design (FEED) process for the floating LNG vessel. Prior to this, FID f

about 3 years ago
McDermott officially starts construction of Woodfibre LNG project
Business Developments & Projects

McDermott officially starts construction of Woodfibre LNG project

Construction of the Woodfibre LNG, a project being developed by Pacific Energy and Enbridge, has officially begun as Qingdao McDermott Wuchuan (QMW) fabrication yard, a joint venture of McDermott and China State Shipbuilding Corporation (CSSC), started building the first module for the project. QMW

about 3 years ago
Valaris DS-7 drillship; Source: Valaris
Business Developments & Projects

International offshore rig count activity on the rise

Baker Hughes’ international rig count report shows a boost in the number of offshore rigs in July 2023, as 6 additional units were recorded compared to the month before.

about 3 years ago
Construction of LNG Canada pipeline, Coastal GasLink, in full swing
Business Developments & Projects

Construction of LNG Canada pipeline, Coastal GasLink, in full swing

Coastal GasLink, the 670-kilometre pipeline that will transport natural gas to the approved LNG Canada facility near Kitimat, is nearly 92% complete, according to the latest construction update. Summer construction season is in full swing and the project is moving closer to mechanical completion by

about 3 years ago
Technip Energies to provide equipment for TotalEnergies LNG terminal in Le Havre
Business Developments & Projects

Technip Energies and Enerkem sign biofuels and circular chemicals deal

Technology companies Technip Energies and Enerkem have signed a Memorandum of Understanding (MoU) to enter into a collaboration agreement aimed at accelerating the deployment of Enerkem’s technology platform for biofuels and circular chemical products from non-recyclable waste materials. Specificall

about 3 years ago
Hibernia platform; Source: Hibernia Management and Development Company
Business Developments & Projects

Four-year saga comes to an end as operator pleads guilty in Hibernia oil spill case

The company operating the Hibernia platform off the coast of St. John’s has pled guilty in relation to the 2019 oil spill from this platform.

about 3 years ago
Sevan Louisiana semi-sub (for illustration purposes); Source: Seadrill
Business Developments & Projects

US offshore rig count moves up a step

Baker Hughes’ weekly rig count report shows that the number of offshore rigs in the United States climbed a notch last week.

about 3 years ago
Steven Guilbeault, Canada’s Minister of Environment and Climate Change; Source: Canadian government
Business Developments & Projects

Canada puts a lid on fossil fuel subsidies but exceptions throw a lifeline to oil & gas industry

The Canadian government has now set its cap on making good on its climate commitment to phase out inefficient fossil fuel subsidies.

about 3 years ago