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Business & Finance

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Bay du Nord FPSO development concept; Source: Equinor
Business & Finance

Subsea7 and OneSubsea hired to work on Wisting and Bay du Nord oil projects

Subsea Integration Alliance, comprising OneSubsea and Subsea7, has won a long-term strategic agreement with Equinor.

about 2 years ago
Kraken gathers $11 million in new contracts since beginning of 2024
Business & Finance

Kraken gathers $11 million in new contracts since beginning of 2024

Kraken Robotics has reported a “strong start” to 2024 for its Service business with $11 million of new contracts secured since the beginning of the year. The contracts, all set to be completed within this year, come in addition to $4 million of survey contracts for KATFISH and magnetometer surveys t

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about 2 years ago
Works at full speed at New York's 1.25 GW subsea HVDC link
Business & Finance

Works at full speed at New York’s 1.25 GW subsea HVDC link

DeepOcean has completed its first campaign under a contract with NKT for the provision of subsea construction support for a subsea HVDC cable that will link the Canadian border and New York. DeepOcean reported that its U.S. operation had wrapped up the first campaign for the Champlain Hudson Power E

about 2 years ago
Hydrogen industry in Canada receives $57 million boost
Business & Finance

Hydrogen industry in Canada receives $57 million boost

The government of the Canadian province of Alberta has announced $57 million in innovation funding for 28 projects to boost hydrogen industry.

about 2 years ago
Cedar LNG project (artist’s rendering); Courtesy of Cedar LNG
Business & Finance

Baker Hughes lands work on Canada’s Cedar LNG project

Baker Hughes has won a contract to supply Black & Veatch with electric-driven liquefaction technology for Canada’s Cedar LNG project.

about 2 years ago
Cedar LNG project (artist’s rendering); Courtesy of Cedar LNG
Business & Finance

Canada’s Cedar LNG moves to finalization of FLNG design stage with 20-year commercial offtake in the bag

Cedar LNG has notched new milestones, thanks to a notice to proceed (NTP) that has been sent to the EPC contractors in the aftermath of the finalization of long-term commercial offtake agreements.

about 2 years ago
Illustration; Source: FortisBC
Business & Finance

‘First-of-its-kind’ Canadian LNG facility gets environmental clearance

British Columbia has approved a project envisioned to enable trans-oceanic vessels to refuel with LNG at the Port of Vancouver.

about 2 years ago
Illustration (Courtesy of Yuquot Microgrid Project)
Business & Finance

CalWave technology selected for Indigenous-led wave energy project in Canada

A California-based developer of wave energy technologies, CalWave, has been picked as the technology provider for a wave energy project at Yuquot, British Columbia (BC) with the Mowachaht/Muchalaht First Nation (MMFN). The Indigenous-led project, supported by funding from TD Bank Group and the Clean

about 2 years ago
Canada and Germany bolster hydrogen alliance with first-of-its-kind bilateral program
Business & Finance

Canada and Germany bolster hydrogen alliance with first-of-its-kind bilateral program

Canada and Germany have signed an MoU to speed up commercial-scale trade and implementation of hydrogen corridor between the two countries.

about 2 years ago
Transocean Enabler rig (for illustration purposes); Source: Transocean
Business & Finance

International offshore rig count two units down in February

Baker Hughes’ rig count report shows that two rigs left the working international offshore fleet in February 2024.

about 2 years ago
David Thompson, Trillion interim CFO; Source: Trillion Energy
Business & Finance

While on the hunt for new CFO, Trillion hand-picks interim one

Canada’s oil and gas player Trillion Energy has appointed an interim CFO and is on the lookout for someone to fill the role permanently.

about 2 years ago
JAPEX partners with Invest Alberta to pursue CCS and hydrogen/ammonia projects in Canada
Business & Finance

JAPEX partners with Invest Alberta to pursue CCS and hydrogen/ammonia projects in Canada

Japan Petroleum Exploration (JAPEX) and Invest Alberta Corporation (IAC), an investment attraction agency established by the government of Alberta, Canada, have formed a partnership seeking to develop projects in carbon capture and storage (CCS), carbon capture, utilization and storage (CCUS), bioen

about 2 years ago
Canada backs World Energy GH2’s green hydrogen project with $95M
Business & Finance

Canada backs World Energy GH2’s green hydrogen project with $95M

The Government of Canada has agreed to support the development of Project Nujio’qonik, the country’s first commercial-scale green hydrogen/ammonia facility on the west coast of Newfoundland and Labrador. To this end, World Energy GH2, the developer of Project Nujio’qonik, and Export Development Cana

about 2 years ago
Canadian govt charts path for sustainable tidal energy development
Business & Finance

Canadian govt charts path for sustainable tidal energy development

The Government of Canada has released the Tidal Energy Task Force’s final report to clarify regulatory requirements for tidal energy projects in the Bay of Fundy with the aim of defining the path for growth of the industry. The Government of Canada noted it was working with the province of Nova Scot

about 2 years ago