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Cedar LNG artist's rendering - View looking south from above Douglas Channel towards the proposed facility and docked LNG carrier; Source: Cedar LNG

Business & Finance

Canada’s offshore oil & LNG with doors to wider markets safe from trade war tentacles, report finds

With the first trade war shots fired, a new analysis has highlighted offshore oil production and liquefied natural gas (LNG), which have dipped their toes into broader market arenas, among products that can reap the benefits from the looming tariff threats, potentially paving the way for Canada to b

15 minutes read

Business & Finance

Fugro to conduct surveys for Equinor’s stalled $12B oil project off Canada

Dutch geo-data specialist Fugro has won a contract to perform surveys for an oil project located off the coast of Newfoundland and Labrador being developed by Norwegian state-owned energy firm Equinor. In its financial results for the first quarter of 2025, issued today, April 24, Fugro reported tha

about 1 year ago

Business & Finance

Texan piping company bags over $27M for projects in MENA and the Americas

Texas-headquartered Perma-Pipe International has secured several projects in the Americas and the Middle East and North Africa (MENA) region that have a combined value of over $27 million. Perma-Pipe said that the projects would use its anti-corrosion coating capabilities and the XTRU-THERM insulati

about 1 year ago

Construction progress at Woodfibre LNG; Source: Woodfibre LNG

Business & Finance

‘World’s first net-zero LNG export facility’ shaping up in Canada as $5.1B project forges ahead

Woodfibre Management, a privately held Canadian company based in Vancouver, is moving forward with the construction works at its operated multimillion-dollar liquefied natural gas (LNG) export project located along the southwest coast of British Columbia, Canada.

about 1 year ago

Business & Finance

Kraken wraps up $17 million purchase of US underwater LiDAR technology company

Canada-headquartered marine technology player Kraken Robotics has completed the acquisition of 3D at Depth, a subsea technology and services company specializing in high-resolution LiDAR imaging and measurements. Kraken Robotics announced on March 13 that it had, through a subsidiary, signed a defin

about 1 year ago

Business & Finance

UK firm picks its first international franchisee for fully autonomous USV charter fleet

UK-headquartered Zero USV has named Leeway Marine as its first international franchisee for its uncrewed surface vessel (USV) charter fleet in North America. According to Zero USV, Oceanus12 is designed for long-distance over-the-horizon operations and is mission agnostic, allowing a wide range of p

about 1 year ago

Artist's rendering of the Cedar LNG facility; Source: Cedar LNG

Business & Finance

Public input requested for proposed tweaks to Canada’s $4B LNG project

Shortly after a liquified natural gas (LNG) project got picked to get millions in support from the Canadian government, the Impact Assessment Agency of Canada (IAAC) has set the wheels in motion to kick off a public comment period on proposed amendments to the decision statement for the project’s fl

about 1 year ago

Business & Finance

Canada throws its weight behind $4 billion hydro-powered floating LNG project

The Canadian government has handpicked Cedar LNG, a partnership between the Haisla Nation and Canadian energy infrastructure player Pembina Pipeline Corporation, to be on the receiving end of millions in support for a floating liquefied natural gas (LNG) (FLNG) facility.

about 1 year ago

Business & Finance

EverWind orders low-emission tugboats from Damen to support green fuels hub

EverWind Fuels, a North American developer of a green fuels hub, has revealed plans to invest around $50 million in three new lower-emission tugboats to be launched in the Strait of Canso, enhancing sustainability, improving infrastructure, and supporting green shipping corridors in Nova Scotia.

about 1 year ago

Kraken's $17 million purchase of US company to boost its subsea offering

Business & Finance

Kraken’s $17 million purchase of US company to uplift its subsea offering

Canada-headquartered marine technology player Kraken Robotics is expanding its U.S. footprint with the acquisition of 3D at Depth, a subsea technology and services company specializing in high resolution LiDAR imaging and measurements. Kraken Robotics, through a subsidiary, has signed a definitive a

about 1 year ago

Polish shipyard starts ordering equipment for DOF's next-gen offshore support vessel

Business & Finance

Polish shipbuilder starts ordering equipment for DOF’s next-gen offshore support vessel

Polish shipbuilder CRIST S.A. has awarded a number of contracts to equip a next-generation offshore support vessel (OSV) it is building for Norwegian vessel owner DOF Group, set to operate offshore Newfoundland and Labrador, Canada. Provisionally named Sea Dragon and scheduled for delivery by Q1 202

about 1 year ago

Business & Finance

Shell-led JV preps for ‘critical’ step to enable start-up of Canada’s first LNG export project

LNG Canada, a joint venture company encapsulating Shell, Petronas, PetroChina, KOGAS, and Mitsubishi, is setting the stage to begin operations at its giant liquefied natural gas (LNG) export terminal in Kitimat, Canada’s British Columbia.

about 1 year ago

Business & Finance

Canada’s net-zero LNG export terminal taking shape as construction ops continue (Gallery)

Woodfibre Management, a privately held Canadian company based in Vancouver, is going full steam ahead with foundation and marine piling work to breathe life into its operated $5.1 billion liquefied natural gas (LNG) export project.

about 1 year ago

Third round opens for slice of $40M for New Yorkers looking for careers in green economy

Business & Finance

Applications open for slice of $40M for New Yorkers eyeing careers in green economy

Champlain Hudson Power Express (CHPE), the company behind the underground and underwater transmission line between the Canada-U.S. border and New York City, has opened the third request for proposals (RFP) for its fund that aims to support New Yorkers looking for careers in the green economy. The Gr

about 1 year ago