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Business & Finance

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Drilling campaign in Gulf of Mexico on Murphy’s agenda for 2023
Business & Finance

Drilling campaign in Gulf of Mexico on Murphy’s agenda for 2023

Houston-based oil and gas company Murphy Oil is working on progressing its 2023 drilling campaign in the Gulf of Mexico.

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

Technip Energies to boost Canada’s energy transition

Technip Energies, an engineering and technology company, has signed two separate Memorandums of Understanding (MoU), one with PCL Industrial Management, a group of independent construction companies, and another with Capital Engineering, a company offering multi-discipline consulting engineering and

about 3 years ago
Atura Power awards Howden with hydrogen compressor contract
Business & Finance

Atura Power awards Howden with hydrogen compressor contract

Scotland-based Howden, a provider of mission-critical air and gas handling products, technologies, and services, has signed a contract to provide five hydrogen diaphragm compressors for Atura Power’s, a subsidiary of Ontario Power Generation, Niagara Hydrogen Centre in Ontario, Canada. The facility,

about 3 years ago
Guyana & Bakken getting lion’s share of Hess’ budget boost once again
Business & Finance

Guyana & Bakken getting lion’s share of Hess’ budget boost once again

Hess Corporation has unveiled its Exploration & Production capital and exploratory budget for 2023, which will amount to $3.7 billion.

about 3 years ago
U.S. offshore rig count takes a downward plunge
Business & Finance

U.S. offshore rig count takes a downward plunge

Baker Hughes’ weekly rig count report says that the number of offshore rigs in the U.S. took a nosedive last week and fell by 3 units.

about 3 years ago
US, Canada, and Mexico to boost clean hydrogen market in North America
Business & Finance

US, Canada, and Mexico to boost clean hydrogen market in North America

The US, Canada, and Mexico have ‘committed to combatting the climate crisis’ by working together on the development of a clean hydrogen market in North America. At the conclusion of the North American Leaders’ Summit, the countries agreed to work together in six areas, including methane emissions re

about 3 years ago
U.S. sees an upturn in offshore rig count activity
Business & Finance

U.S. sees an upturn in offshore rig count activity

The U.S. stepped up its game last week and recorded an increase in the number of offshore rigs to 19, based on Baker Hughes’ weekly rig count report.

about 3 years ago
Following lifetime extension, Canadian field gets oil resources upgrade
Business & Finance

Following lifetime extension, Canadian field gets oil resources upgrade

Following the decision to extend the lifetime of the field, Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has updated the most likely recoverable oil, contingent gas and natural gas liquid (NGL) resources estimate for the White Rose Field. Canada’s Cenovus Energy, the company b

about 3 years ago
South America to stay 'key region for high-impact exploration', Westwood says in 2023 outlook
Business & Finance

South America to stay ‘key region for high-impact exploration’, Westwood says in 2023 outlook

High-impact well numbers in 2023 are expected to be in line with 2020-2022, with 75-85 high-impact wells currently anticipated to complete this year, energy market research and consultancy firm Westwood reports, explaining that this is due to higher oil prices not having fed through into more explor

about 3 years ago
PanGeo Subsea officially becomes Kraken Robotics
Business & Finance

PanGeo Subsea officially becomes Kraken Robotics

The PanGeo Subsea brand and company name have changed to Kraken Robotics as of 1 January 2023, following the completion of the acquisition by the Canadian company in 2021. To remind, Kraken Robotics entered into a non-binding letter of intent (LOI) to acquire PanGeo Subsea in April 2021. The Canada-

about 3 years ago
2022 saw higher offshore rig activity, Baker Hughes reports
Business & Finance

2022 saw higher offshore rig activity, Baker Hughes reports

Baker Hughes’ rig count report has revealed that the international offshore rig count experienced an increase of 30 units in 2022 compared to the figures from the year before. The overall international rig count including both offshore and onshore rigs was up 66 rigs from the 2021 count of 834. Acco

about 3 years ago
2022 in review: Incidents related to offshore oil & gas
Business & Finance

2022 in review: Some of the major incidents related to offshore oil & gas

Action has been taken to minimise the risks of accidents and improve safety of offshore oil & gas infrastructure, but incidents still occur.

about 3 years ago
Next Hydrogen to receive investment from SDTC for electrolysis development
Business & Finance

Next Hydrogen to receive investment from SDTC for electrolysis development

Canada-based designer and manufacturer of electrolyzers Next Hydrogen Solutions has been awarded $5.1 million from Sustainable Development Technology Canada (SDTC) towards the development and demonstration of its next-generation electrolysis technology. “We are delighted with SDTC’s decision to supp

about 3 years ago
Eight new wells in Trillion's next year plan
Business & Finance

Eight new wells in Trillion’s next year plan

Canadian oil and gas producer Trillion Energy is planning to bring on eight new wells or workovers into production next year through continuous drilling on a natural gas field in the Black Sea offshore Türkiye. Bringing what the company describes as a “transformative year” to an end, Trillion announ

about 3 years ago
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