“Lower risk, higher potential” in Vaalco tie up for TransGlobe
In this day and age, there is no space for a small cap oil company, according to TransGlobe Energy CEO and president Randy Neely, making the case for a tie up with Vaalco Energy.
Canada
TransGlobe faces up to opposition on Vaalco deal
A challenge has been mounted to TransGlobe Energy’s plans to merge with Vaalco Energy, ahead of the crucial September 29 vote.
German-Canada hydrogen plans set the marker for progress
Germany has been on the hunt for new LNG supplies in order to stave off the near term crisis of stuttering Russian gas supplies. Chancellor Olaf Scholz’s visit to Canada did not come through on the LNG front, but he did seal an ambitious deal on hydrogen.
Uniper hits cash crunch, calls for German government assistance
Uniper has retracted its financial guidance for 2022 as spiralling gas prices have driven it to seek support from the German government.
PetroChina may sell Australian, Canadian assets to stem losses
PetroChina may exit natural gas projects in Australia and oil sands in Canada to stem losses and divert funds to more lucrative sites in the Middle East, Africa, and central Asia, reported Reuters, citing people with knowledge of the matter.
BP exits Canadian oil sands, doubles down offshore
BP is selling off its oilsands project in Canada under a deal with Cenovus Energy, which will see it paid in cash and a stake in the offshore Bay du Nord project.
Canada’s love-hate relationship with oil and gas
Canada has energy resources of a scale that its neighbour next door covets and guzzles with abandon. There is a great deal of mutual cross-border dependence but it wasn’t always that way.
North America: enterprising, dynamic and opportunistic
My eldest son is an aerospace engineer and lives and works in Seattle on the US West coast. He’s built a career in an industry which nowadays offers few opportunities in Scotland nor many in other parts of the UK.
Add Energy continues Canadian expansion with $6 million contract wins
Asset and integrity management consultancy Add Energy has secured over $6 million of new work in Canada as it continues its local expansion.
Canada approves Equinor’s Bay du Nord plan
The Canadian government has approved Equinor’s Bay du Nord project, albeit with the strongest ever greenhouse gas conditions.
Indonesian tycoon’s firm to spend $500 million on Canada LNG
An energy company backed by Indonesian tycoon Sukanto Tanoto plans to spend $500 million this year on a long-planned liquefied natural gas (LNG) project in Canada, the clearest signal yet that it may move ahead with an LNG export facility on the country’s west coast.
Boris Johnson wants ‘climate pass’ for gas industry to wean West off Russian supply
Boris Johnson wants a “climate change pass” for the gas industry to wean western countries off supplies from Russia.
Ocean Ranger: 40 years since oil and gas rig tragedy
Forty years ago on February 15 1982, the Odeco semi-submersible drilling rig Ocean Ranger was lost in heavy seas and hurricane force winds on the fabled Grand Banks offshore Newfoundland.
Petronas plans clean energy business unit in global shuffle
Malaysia’s national oil company Petronas is setting up a business unit focusing on clean energy solutions as part of a global operational shuffle.
Baker Hughes, Severstal back turquoise hydrogen tech
A group of energy companies have ponied up C$79 million ($62mn) to back a turquoise hydrogen technology in Canada.
Westhill-based i3 Energy to ‘embark on extensive drilling’ plan in 2022
North-east firm i3 Energy (LSE: I3E) is planning for a “very busy” 2022 with an “extensive” drilling programme on the cards.
Brimmond Group celebrates 25 years with £1.75m contract wins
Engineering firm Brimmond Group has announced four contract wins worth £1.75 million, marking a successful period of growth for the company as it celebrates its 25th anniversary.
Out in front and alone, Cold Bore liberates completions data
The hydrocarbon industry was one sceptical of change but a trio of price crashes, a pandemic and a swing from negative oil prices to positive has made companies more open to change.
Woodfibre LNG strikes delayed deal with McDermott
Woodfibre LNG has signed an engineering, procurement, fabrication and construction (EPFC) contract with McDermott International.
Stena signs up to drill Exxon well off Canada
ExxonMobil Canada has signed a contract for the Stena Forth to drill one well offshore Canada in the second half of 2022.
Worley wins direct air capture contract with Occidental
Worley has been awarded a services contract with Occidental to help develop a facility for producing low carbon fuels via direct air capture (DAC) in Canada.
QatarEnergy enters Canada’s offshore in Exxon deal
QatarEnergy has struck a deal with ExxonMobil to take a stake in an exploration licence offshore Canada’s east coast.
i3 Energy targets appraisal on ‘company-maker’ Serenity field in Q1
Westhill-based i3 Energy has said it will seek to drill an appraisal of its “company-maker” Serenity project as early as the first quarter of next year.
More than half the world’s oil, gas is unextractable: Climate report
A larger than previously thought share of the world’s hydrocarbons cannot be produced if the world is able to control warming to only 1.5 degrees Celsius.
First Nation-backed LNG project eyes net zero
A new floating LNG (FLNG) export plan is taking shape off Canada’s west coast, with an eye on achieving net zero.