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Business & Finance

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energy
Business & Finance

In focus: A snapshot of the future of offshore energy

A closer look at this week’s snapshot of the most recent energy transition-related developments reveals an outline of what the future may hold for the sector.

about 4 years ago
Terra Nova FPSO - Suncor
Business & Finance

Canadian FPSO on track to return to home waters before year-end

Suncor has revealed that the Terra Nova life extension project is making progress and the FPSO is expected back in Canada by the end of 2022.

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about 4 years ago
Canada
Business & Finance

Canada invests in new technologies to reduce underwater noise from ships

The Government of Canada is investing in new technologies that will help reduce underwater noise from vessels on Canada’s waters.

about 4 years ago
First Hydrogen to expand its green H2 business to North America
Business & Finance

First Hydrogen to expand its green H2 business to North America

Vancouver and London-based green hydrogen company First Hydrogen has announced the expansion of its green hydrogen production plans to the North American market.

about 4 years ago
Enbridge to invest in Woodfibre LNG
Business & Finance

Enbridge to invest in Woodfibre LNG

Canadian pipeline company Enbridge has signed a deal with Pacific Energy to jointly invest in the construction and operation of the Woodfibre LNG project.

about 4 years ago
Electromagnetic Geoservices goes to Canada
Business & Finance

Electromagnetic Geoservices goes to Canada

Norway’s Electromagnetic Geoservices (EMGS) has secured $2 million in prefunding for a multi-client survey offshore Newfoundland and Labrador. The contract is conditional upon securing the required permits in Canada before September. The acquisition is expected to take place late in the third quarte

about 4 years ago
Floating solar park with offshore wind farm (Courtesy of RWE)
Business & Finance

In focus: Global hunt for energy security revving up as Russian crisis jolts supply chains

With the next United Nations Climate Change Conference approaching in a few months, governments and energy companies around the globe are working on strategies on how to shift from fossil fuels to renewable energy.

about 4 years ago
Govt to dish out millions to kickstart 11 carbon capture projects with potential to generate $20 billion
Business & Finance

Govt to dish out millions to kickstart 11 carbon capture projects with potential to generate $20 bln

Emissions Reduction Alberta (ERA) says Canada’s province will invest over $40 million in 11 projects focused on advancing CCUS.

about 4 years ago
Buckeye Partners completes acquisition of Bear Head Energy
Business & Finance

Buckeye Partners completes acquisition of Bear Head Energy

Buckeye Partners has closed the acquisition of Bear Head Energy, which owns an LNG and clean energy project in Nova Scotia, Canada.

about 4 years ago
Two oil & gas firms ink merger deal valued at $307 million to establish full-cycle asset base and boost output and reserves
Business & Finance

Two oil & gas firms ink merger deal to establish ‘full-cycle asset base’

Vaalco and TransGlobe have revealed a deal to combine their businesses into a single company to create a full-cycle asset base.

about 4 years ago
Amid high fossil fuel prices, renewable power saves around $55 bln, says IRENA
Business & Finance

Amid high fossil fuel prices, renewable power saves around $55 bln, says IRENA

IRENA believes that renewables are crucial to breaking away from volatile fossil fuel prices and tackling energy security & climate change.

about 4 years ago
Stena IceMAX drillship
Business & Finance

BP selects Stena drillship to drill Canadian well

Offshore drilling contractor Stena Drilling has secured a new drilling contract from BP for operations offshore Canada.

about 4 years ago
Significant drop in recoverable oil resources could deal major blow to global energy security, Rystad forecasts
Business & Finance

Drop in recoverable oil resources could deal major blow to energy security, Rystad says

The drop in the total recoverable oil worldwide from last year’s figures represents another threat to global energy security, explains Rystad.

about 4 years ago
Canadian regulator takes Hibernia oil spill case to court
Business & Finance

Hibernia oil spill case goes to court three years after it took place

Canadian regulator has brought charges against the company operating the Hibernia platform due to an oil spill, which occurred in July 2019.

about 4 years ago