Suncor will record a non-cash after-tax impairment charge of approximately $425 million in 4Q 2020 on its share of the White Rose asset and West White Rose.
Newfoundland and Labrador government has announced the allocation of financial support for the Hibernia project, which will help maintain offshore jobs.
Heerema’s Thialf vessel completed the eight-month-long campaign to remove the Sable Project’s offshore facilities on behalf of ExxonMobil in Canada.
Cenovus Energy and Husky Energy have obtained all of the key regulatory approvals required in connection with the combination of the two companies.
Norwegian offshore vessel owner Siem Offshore has received an early termination for a supply vessel operating offshore Canada.
Shareholders from Cenovus Energy and Husky Energy have voted to support the previously announced plan to combine the two companies.
What will become of oil and gas exploration efforts in the near- and longer-term following a drastic decrease in the level of oil and gas investments?
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.
Norwegian oil and gas company Equinor has made two oil discoveries offshore Newfoundland, Canada. The wells were drilled using the Transocean Barents rig.
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.
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.
Equinor reported that a fire had occurred on the fast rescue craft onboard the Siem Diamond vessel, which was on standby at the time to the Transocean Barents rig off Canada.
Canadian oil and gas company Husky Energy would be reviewing its West White Rose offshore oil project in Canada’s Atlantic region.
In its half-year earnings report, Dutch FPSO operator SBM Offshore stated that the Deep Panuke mobile offshore production platform (MOPU) has been de-installed from its namesake gas field offshore Canada.
