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Business & Finance

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Deepwater Champion drillship (for illustration purposes); Source: Transocean
Business & Finance

Following weeks of no change, U.S. offshore rig count slides down a notch

Baker Hughes’ rig count report shows that the number of offshore rigs in the U.S. was one unit short last week compared to previous weeks.

about 3 years ago
Illustration; Source: Suncor
Business & Finance

Canadian oil & gas player runs into cyber security incident

Canadian energy company Suncor has experienced a cyber security incident and is working on sorting out the issue.

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about 3 years ago
Bay du Nord FPSO; Source: Sea Salt Design
Business & Finance

Bay du Nord oil project’s court saga draws to a close but will there be an encore?

Will this be the end of legal scrutiny and attempts to overturn the government’s approval for the giant $12-billion project?

about 3 years ago
Canada
Business & Finance

Canada positioned to be a maritime decarbonization trailblazer, study reveals

Canada could reap numerous benefits from investing in infrastructure that would enable the uptake of low and zero emissions shipping fuels, according to a new study from global sustainable development consultancy Arup carried out in partnership with Lloyd’s Register (LR) Maritime Decarbonisation Hub

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

Semi-sub rig on its way to Canada for its drilling assignment with ExxonMobil

A semi-submersible rig, owned by SFL Corporation (SFL) and managed by Odfjell Drilling, has embarked on its journey to Canada, where it will start its new contract with ExxonMobil, a U.S.-based energy giant.

about 3 years ago
XL uncrewed underwater vehicle set for technology demonstrations
Business & Finance

XL uncrewed underwater vehicle set for technology demonstrations

Canadian Cellula Robotics and UK-based HonuWorx are collaborating to carry out a series of technology demonstrations that will use an extra-large uncrewed underwater vehicle (XLUUV). The demonstrations will see Cellula’s Solus-XR extra-large uncrewed underwater vehicle (XLUUV) used in showcasing Hon

about 3 years ago
Algoterra
Business & Finance

Algoma orders methanol-ready product tanker duo at Hyundai Mipo

Canadian shipping company Algoma Central Corporation (Algoma) has placed an order for two methanol-ready 37,000 dwt product tankers with Hyundai Mipo Shipyard in South Korea. The investment is worth $127 million CAD ($96 million). The new ships will be entered on long-term time charters to Irving Oi

about 3 years ago
Hebron platform; Source: ExxonMobil
Business & Finance

Probe into incident with ‘potential for fatality’ at ExxonMobil’s Hebron platform underway

ExxonMobil has launched an investigation into the root cause of a near-miss incident at the Hebron platform offshore Newfoundland and Labrador.

about 3 years ago
Noble Highlander jack-up rig (for illustration purposes); Source: Noble Corporation
Business & Finance

May brings upsurge in international offshore rig count activity

Baker Hughes’ international rig count report indicates that the number of offshore rigs was on an upward trajectory in May 2023.

about 3 years ago
Port of Stephenville
Business & Finance

World Energy GH2 acquires Port of Stephenville to serve as hub for green hydrogen and ammonia shipping

Newfoundland and Labrador-based renewable energy company World Energy GH2 Inc. has acquired the Port of Stephenville, located on the West coast of Newfoundland, Canada. The port is a critical piece of infrastructure as World Energy GH2 works to advance green energy projects in Atlantic Canada which

about 3 years ago
The Bay du Nord FPSO development concept; Source: Equinor
Business & Finance

$12-billion mega Bay du Nord oil project put on the back burner for three years

Equinor has put on hold for three years the development of its controversial Bay du Nord oil project off the coast of Newfoundland & Labrador.

about 3 years ago
Deepwater Invictus drillship (for illustration purposes); Source: BHP (now Woodside)
Business & Finance

U.S. offshore rig count takes another downward step

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

about 3 years ago
G7 meeting; Source: International Energy Agency (IEA)
Business & Finance

G7 upping the green and low-carbon ante while gas is still king of energy throne

The G7 stresses the role gas, especially LNG, can play in propelling the transition to clean energy forward.

about 3 years ago
Quebec government to invest $8.7mln in development of smart corridor
Business & Finance

Quebec government to invest $8.7mln in development of smart corridor

The Quebec government has decided to invest $8.7 million in the development of the St. Lawrence Smart Corridor.

about 3 years ago