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Business & Finance

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Noble Invincible rig (for illustration purposes); Source: Noble
Business & Finance

International offshore rig count on the upswing

Baker Hughes’ international rig count report shows that the number of offshore rigs was on the rise in March 2023, surging upward by 6 units.

about 3 years ago
Oil barrels (illustration); Source: Equinor
Business & Finance

Canada ranked as preferred global oil supplier with fossil fuels carving a place in energy transition, shows Ipsos study

Ipsos has asked respondents in 28 countries around the world to complete a ranked ballot of eight oil-producing nations.

about 3 years ago
HOPA Ports eyes green hydrogen from Atura Power to reduce carbon footprint
Business & Finance

HOPA Ports eyes green hydrogen from Atura Power to reduce carbon footprint

Canada’s Hamilton-Oshawa Port Authority (HOPA), an integrated port network, has signed a memorandum of understanding (MoU) with Atura Power, a subsidiary of Ontario Power Generation (OPG), to acquire green hydrogen. HOPA, the largest Port on the Great Lakes operating multi-modal transportation facil

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

Equinor hands out FEED deal for FPSO destined to work at Bay du Nord oil project

Equinor has awarded a letter of intent to KBR for the front-end engineering design (FEED) of topside facilities for the Bay Du Nord FPSO.

about 3 years ago
Transocean Enabler rig (for illustration purposes); Source: Transocean
Business & Finance

U.S. offshore rig count comes to a standstill

Following slow and consistent growth for two weeks in a row, the number of offshore rigs in the U.S. remained flat last week.

about 3 years ago
Canadian project ditches LNG for hydrogen production
Business & Finance

Canadian project ditches LNG for hydrogen production

While several Canadian LNG projects are progressing with environmental permits and construction milestones, a Nova Scotia-registered company has decided to stop advancing an LNG project on the Strait of Canso and proposed constructing and operating a green hydrogen and ammonia facility instead. Bear

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

ExxonMobil deal enables QatarEnergy to add more offshore acreage to its oil & gas portfolio

QatarEnergy has expanded its offshore exploration portfolio in Atlantic Canada, thanks to a farm-in agreement with ExxonMobil.

about 3 years ago
West Capella drillship (for illustration purposes); Source: Seadrill
Business & Finance

U.S. offshore rig count continues its upward trajectory

Baker Hughes’ weekly rig count report shows that the number of offshore rigs in the United States kept its forward momentum by adding one unit last week.

about 3 years ago
Canadian oil and gas firm becoming sole owner of Thai subsidiary
Business & Finance

Canadian oil and gas firm becoming sole owner of Thai subsidiary

Canada-headquartered upstream oil and gas company Valeura Energy is acquiring the remaining minority interest in its special purpose vehicle subsidiary company Valeura Energy Asia Pte. Ltd, which holds all of the company’s assets in Thailand. Through a share exchange agreement (SEA), Valeura will ac

about 3 years ago
Illustration; Source: Baron Oil
Business & Finance

U.S. raises the offshore rig count ante

Baker Hughes’ weekly rig count report reveals that the number of offshore rigs in the U.S. was on the upswing last week with three units added to the mix.

about 3 years ago
Illustration of Bay du Nord FPSO; Source: Equinor
Business & Finance

Controversial Bay du Nord oil project awaits outcome of court challenge

Equinor spent two days in court two weeks ago, tackling the court scrutiny over the development of its controversial Bay du Nord oil project off the coast of Newfoundland and Labrador, as Ecojustice set out to overturn the government’s approval for this $12-billion project. The outcome of this chall

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

U.S. offshore rig count moves down a couple of notches

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

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

Court scrutiny underway for $12 billion oil & gas project off Canada

The saga surrounding the development of a controversial Bay du Nord offshore oil project located in Canada continues with a court challenge.

about 3 years ago
Transocean's Deepwater-Invictus (for illustration purposes); Source: BHP
Business & Finance

International offshore rig count takes a nosedive

Baker Hughes’ international rig count report shows that the number of offshore rigs took a downturn in February 2023, slipping by 4 units, compared to last month.

about 3 years ago
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