Canadian oil and gas player Cenovus Energy has decided to cut between 20 and 25 per cent of its workforce after the acquisition of Husky Energy.
Canadian oil and gas player Cenovus Energy has made a move to combine with Husky Energy, which will create the third-largest Canadian oil and gas player.
Canada’s ocean tech company Kraken Robotics has closed its previously announced “bought deal” short form prospectus offering of common shares. The company sold a total of 15,500,000 common shares at a price of 67 cents per common share for gross proceeds of close to $10.4 million inclusive of the pa
Offshore drilling contractor Stena Drilling has won a deal from Chinese oil company CNOOC for the use of one of its drillships offshore Canada. The company also started using Intebloc’s data management system.
Telus and the government of Canada will deploy a submarine fibre-optic cable between Sept-Îles and the Gaspésie region. The Communications and information technology company and Canada will invest $15 million into this new link. This connection will improve the reliability and security of telecommun
PGS and Ocean Floor Geophysics (OFG) have signed an agreement under which OFG has acquired the exclusive rights to use the hardware, software and intellectual property associated with the PGS towed streamer CSEM system. Oslo-listed PGS receives shares in Canada-based OFG as settlement for the transa
Dubai-based port and terminal operator DP World and Canada’s insitutional investor Caisse de dépôt et placement du Québec (CDPQ) have announced the expansion of their ports and terminals investment platform through a new commitment of $4.5 billion.
Canada’s ocean company Kraken Robotics announced that Cathy Bennett has joined its board of directors. Bennett brings over 25 years of experience as an entrepreneur, business executive, and corporate director across various sectors. These include the government, energy, manufacturing, mining, restau
Underwater laser scanner and imaging systems specialist 2G Robotics has said that its founding chief executive officer Jason Gillham is stepping down from his role at the company this August. He will remain available to the board of directors and to parent company Sonardyne Group during the leadersh
Aker Solutions has secured a five-year contract extension from ExxonMobil for the provision of EPC services for the Hebron platform, offshore Newfoundland.
A near-miss incident on the ExxonMobil-operated Hebron platform located offshore Canada has been reported to the Canadian offshore regulator.
Canada’s Pieridae Energy, the developer of the Goldboro LNG export project, said Monday that its shares have been approved for listing on the Toronto Stock Exchange. The company’s shares are expected to start trading on the TSX at the opening of the market on June 3. Concurrent with the TSX listing,
A fire on board Suncor Energy’s Terra Nova FPSO, located offshore Canada, was reported to the Canadian offshore regulator on Saturday.
Alberta’s energy regulator has blocked a deal between Canada’s Pieridae Energy, the developer of the Goldboro LNG export project, and Shell’s Canadian unit citing clean-up concerns. Pieridae closed a deal worth C$190 million ($134.9m) in October last year to buy Shell’s midstream and upstream gas as
