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Outlook & Strategy

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Sanmar Shipyards
Outlook & Strategy

Watch: Sanmar Shipyards launches HaiSea Marine’s dual-fuel escort tug

Turkey-based Sanmar Shipyards has undocked the first of two HaiSea Marine’s LNG dual-fuel escort tugs. HaiSea Marine, a joint venture partnership between the Haisla First Nation and Seaspan ULC, won a contract to build and operate escort and harbor tugs required for LNG Canada’s LNG export facility

about 3 years ago
US, Canada, and Mexico to boost clean hydrogen market in North America
Outlook & Strategy

US, Canada, and Mexico to boost clean hydrogen market in North America

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The US, Canada, and Mexico have ‘committed to combatting the climate crisis’ by working together on the development of a clean hydrogen market in North America. At the conclusion of the North American Leaders’ Summit, the countries agreed to work together in six areas, including methane emissions re

about 3 years ago
South America to stay 'key region for high-impact exploration', Westwood says in 2023 outlook
Outlook & Strategy

South America to stay ‘key region for high-impact exploration’, Westwood says in 2023 outlook

High-impact well numbers in 2023 are expected to be in line with 2020-2022, with 75-85 high-impact wells currently anticipated to complete this year, energy market research and consultancy firm Westwood reports, explaining that this is due to higher oil prices not having fed through into more explor

about 3 years ago
PanGeo Subsea officially becomes Kraken Robotics
Outlook & Strategy

PanGeo Subsea officially becomes Kraken Robotics

The PanGeo Subsea brand and company name have changed to Kraken Robotics as of 1 January 2023, following the completion of the acquisition by the Canadian company in 2021. To remind, Kraken Robotics entered into a non-binding letter of intent (LOI) to acquire PanGeo Subsea in April 2021. The Canada-

about 3 years ago
2022 in review: Incidents related to offshore oil & gas
Outlook & Strategy

2022 in review: Some of the major incidents related to offshore oil & gas

Action has been taken to minimise the risks of accidents and improve safety of offshore oil & gas infrastructure, but incidents still occur.

about 3 years ago
Kraken Robotics makes top executive changes
Outlook & Strategy

Kraken Robotics makes top executive changes

Kraken Robotics has appointed Greg Reid as its new president and chief executive officer (CEO), marking a leadership transition in the Canadian company.

about 3 years ago
Eight new wells in Trillion's next year plan
Outlook & Strategy

Eight new wells in Trillion’s next year plan

Canadian oil and gas producer Trillion Energy is planning to bring on eight new wells or workovers into production next year through continuous drilling on a natural gas field in the Black Sea offshore Türkiye. Bringing what the company describes as a “transformative year” to an end, Trillion announ

about 3 years ago
Canadian oil & gas player facing charges over FPSO incident
Outlook & Strategy

Canadian oil & gas player facing charges over FPSO incident

Regulator has laid charges against Suncor Energy related to an incident from 2019 on an FPSO off Canada, in which a worker was injured.

about 3 years ago
Highest FPS throughput capacity since 2010 greenlighted in 2022, says Westwood
Outlook & Strategy

Highest FPS throughput capacity since 2010 greenlighted in 2022, says Westwood

Westwood has outlined that 2022 will have the highest floating production system (FPS) throughput capacity sanctioned since 2010.

about 3 years ago
powered by methanol
Outlook & Strategy

Trafigura to learn the ropes on using methanol with dual-fuel tanker chartered from Waterfront Shipping & Clean Sea

Canada’s Waterfront Shipping, a subsidiary of Methanex, the world’s largest producer, and supplier of methanol, has entered into a time-charter agreement with Trafigura for a methanol dual-fuel tanker. Under the agreement, Trafigura will operate the co-owned Waterfront Shipping and Clean Sea medium-

about 3 years ago
Price cap on Russian crude oil comes into force while OPEC+ sticks to output cuts
Outlook & Strategy

Price cap on Russian crude oil comes into force while OPEC+ sticks to output cuts

A price cap for seaborne Russian crude oil is being imposed by the G7 and Australia while OPEC+ has decided to keep the status quo.

about 3 years ago
More North Sea rigs heading for greener pastures next year, says Westwood
Outlook & Strategy

More rigs exiting North Sea next year, despite semi-sub activity picking up in 2022, says Westwood

Despite the uptick in utilisation and award activity for the North Sea semi-submersibles, Westwood said the demand outlook for 2023 is low.

about 3 years ago
International declaration calls for reduction of greenhouse gas emissions from fossil fuels
Outlook & Strategy

International declaration calls for reduction of greenhouse gas emissions from fossil fuels

The European Union, United States, United Kingdom, Canada, Japan, Norway and Singapore have signed a joint declaration on reducing greenhouse gas emissions from fossil fuels, committing to take rapid action to address the climate and energy security crises. The parties said they affirm the need to a

about 3 years ago
Canadian LNG exports to Asia could cut emissions by the equivalent of removing all vehicles from Canadian roads, new study shows
Outlook & Strategy

Canadian LNG exports to Asia could cut emissions by the equivalent of removing all vehicles from Canadian roads, new study shows

Canadian liquefied natural gas (LNG) exports to Asia could reduce annual emissions by the equivalent of removing every single car from Canadian roads, according to a new study from energy research and consultancy firm Wood Mackenzie. The study, commissioned by the Canadian Energy Centre, coincides w

about 3 years ago