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Oil & Gas

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Steven Guilbeault, Canada’s Minister of Environment and Climate Change; Source: Canadian government
Oil & Gas

Canada puts a lid on fossil fuel subsidies but exceptions throw a lifeline to oil & gas industry

The Canadian government has now set its cap on making good on its climate commitment to phase out inefficient fossil fuel subsidies.

about 3 years ago
Bay du Nord FPSO; Source: Equinor
Oil & Gas

More court action brews on the horizon for giant Bay du Nord oil project

The legal challenges over the project’s approval do not seem to be over, as the appeal process regarding a lawsuit is waiting in the wings.

about 3 years ago
Noble Faye Kozack (for illustration purposes); Source: Noble Corp.
Oil & Gas

US offshore rig count drops down another notch

Baker Hughes’ weekly rig count report indicates that the number of offshore rigs in the United States went down a notch last week.

about 3 years ago
Illustration; Source: APPEA
Oil & Gas

Gas rush paints LNG as energy transition’s trump card to low-carbon future

Gas has solidified its position at the top of the energy pyramid, thus, the pursuit for more natural gas and LNG is in full swing.

13 minutes read
Illustration; Source: Borr Drilling
Oil & Gas

International offshore rig count activity takes a downward plunge in June

Baker Hughes’ international rig count report shows that the number of offshore rigs experienced a downward trend in June 2023.

about 3 years ago
Deepwater Champion drillship (for illustration purposes); Source: Transocean
Oil & Gas

Following weeks of no change, U.S. offshore rig count slides down a notch

Baker Hughes’ rig count report shows that the number of offshore rigs in the U.S. was one unit short last week compared to previous weeks.

about 3 years ago
Illustration; Source: Suncor
Oil & Gas

Canadian oil & gas player runs into cyber security incident

Canadian energy company Suncor has experienced a cyber security incident and is working on sorting out the issue.

about 3 years ago
Bay du Nord FPSO; Source: Sea Salt Design
Oil & Gas

Bay du Nord oil project’s court saga draws to a close but will there be an encore?

Will this be the end of legal scrutiny and attempts to overturn the government’s approval for the giant $12-billion project?

about 3 years ago
Hercules rig; Source: Odfjell Drilling
Oil & Gas

Semi-sub rig on its way to Canada for its drilling assignment with ExxonMobil

A semi-submersible rig, owned by SFL Corporation (SFL) and managed by Odfjell Drilling, has embarked on its journey to Canada, where it will start its new contract with ExxonMobil, a U.S.-based energy giant.

about 3 years ago
Hebron platform; Source: ExxonMobil
Oil & Gas

Probe into incident with ‘potential for fatality’ at ExxonMobil’s Hebron platform underway

ExxonMobil has launched an investigation into the root cause of a near-miss incident at the Hebron platform offshore Newfoundland and Labrador.

about 3 years ago
Noble Highlander jack-up rig (for illustration purposes); Source: Noble Corporation
Oil & Gas

May brings upsurge in international offshore rig count activity

Baker Hughes’ international rig count report indicates that the number of offshore rigs was on an upward trajectory in May 2023.

about 3 years ago
The Bay du Nord FPSO development concept; Source: Equinor
Oil & Gas

$12-billion mega Bay du Nord oil project put on the back burner for three years

Equinor has put on hold for three years the development of its controversial Bay du Nord oil project off the coast of Newfoundland & Labrador.

about 3 years ago
Deepwater Invictus drillship (for illustration purposes); Source: BHP (now Woodside)
Oil & Gas

U.S. offshore rig count takes another downward step

Baker Hughes’ weekly rig count report shows that the number of offshore rigs in the United States slipped down another notch last week.

about 3 years ago
G7 meeting; Source: International Energy Agency (IEA)
Oil & Gas

G7 upping the green and low-carbon ante while gas is still king of energy throne

The G7 stresses the role gas, especially LNG, can play in propelling the transition to clean energy forward.

about 3 years ago
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