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.
Canada
Shell launches CCS project in Alberta
Shell Canada has set out plans for a large-scale carbon capture and storage (CCS) project, in Alberta.
Malaysia’s Petronas and China’s CNOOC sign $7bn LNG deal
Despite China harassing Malaysia’s offshore gas developments last month, Malaysian national oil company (NOC) Petronas and state-backed China National Offshore Oil Corporation (CNOOC) yesterday signed a liquefied natural gas (LNG) supply deal estimated to be worth $7 billion over ten years.
i3 Energy signs £39million deal with Cenovus for oil and gas assets in Canada
i3 Energy, based in Westhill, Aberdeenshire, has signed a $53.7million (£39m) deal to acquire a package of oil and gas assets in Canada from Cenovus Energy.
i3 Energy shares jump as firm touts maiden dividend payment next month
Shares in London-listed i3 Energy jumped this morning after the firm said its maiden dividend could be paid out next month.
Fasken: Canada’s hydrogen future
As a signatory to the Paris Agreement, Canada is committed to reducing GHG emissions, recently announcing an intention to slash emissions by 40-45% below 2005 levels by 2030. These ambitious targets are driving federal and provincial governments to promote hydrogen through a combination of new regulatory schemes and financial incentives that are larger in scale and wider in scope than any that we have seen before.
Woodside seeks exit for struggling Kitimat LNG project
Australia’s Woodside Petroleum said today that it has decided to exit its 50% non-operated interest in the proposed Kitimat liquefied natural gas (LNG) export project in Canada. However, finding a buyer for the Chevron-operated development, will prove challenging.
Japex sells Canadian shale gas stake to Petronas
Japan’s Japex will sell its 10% stake in a Canadian shale gas project to Malaysia’s Petronas amid concerns over profitability and its carbon footprint.
Petronas bolsters LNG tanker fleet
Malaysian national oil company (NOC) Petronas is adding three new liquefied natural gas (LNG) tankers to its global fleet. The ships will primarily be used to ship LNG from Canada.
Taqa mulls sale of assets in UK and Canada
Taqa is considering options for its oil and gas assets in the UK and elsewhere, including a potential sale, as the state-owned utility focuses more on power generation, people familiar with the matter said.
Germany talks hydrogen in Angola
Germany has expressed interest in the production of hydrogen in Angola, chiming with the European state’s energy transition goals.
Death of Keystone XL sparks rush to ship oil-sands crude by rail
US President Joe Biden’s decision to cancel the Keystone XL pipeline is sparking renewed interest in shipping Canadian oil-sands crude by rail, and that comes with its own environmental risks.
i3 to declare maiden dividend, in talks over Serenity stake sale
London and Toronto-listed i3 Energy said today it expects to declare its maiden dividend during the current quarter.
Shell fetches $700m for non-core oilfields in Canada
Shell has struck a deal to sell its Duvernay shale light oil assets in Alberta, Canada, to Crescent Point Energy for $707 million.
Edinburgh-headquartered Sustainable Marine unveils floating tidal energy platform
Scottish renewable energy firm Sustainable Marine is pushing on with plans to deliver the world’s first floating tidal array after unveiling its next-generation platform.
Keystone XL Pipeline, canceled by Biden, may yield 48,000 tonnes of scrap
The scrapping of the Keystone XL pipeline by Joe Biden not only means the end of multibillion-dollar pipe dream for TC Energy Corp. -- it also leaves behind 48,000 tons of steel.
Keystone XL may be sold for scrap if Biden moves to kill it
The Canadian province that invested $1.1 billion of taxpayers’ money in the controversial Keystone XL project is now considering the sale of pipe and materials to try to recoup some funds.
LNG Canada plans return after COVID-19 outbreak
Staffing levels are increasing at LNG Canada following a COVID-19 outbreak in November and December.
Deal with Li Ka-shing gives Canadian oil giant a Biden hedge
Cenovus Energy Inc. is getting more than just a rival Canadian oil producer with its acquisition of Husky Energy Inc. It’s also shoring up its defenses against an anti-oil sands movement that could get a boost if Joe Biden is elected as the next president of the U.S.
Cenovus to create Canada oil giant with $2.9bn Husky deal
Cenovus Energy Inc. agreed to buy Husky Energy Inc. in a C$3.8 billion ($2.9 billion) all-stock deal that will combine two of the largest players in Canada’s beleaguered oil-sands industry, which is struggling after the slump in crude prices.
CNOOC picks Stena Drilling for one-well job off Canada
Stena Drilling has struck a deal with CNOOC International for a one-well job off Newfoundland, Canada.
i3 Energy completes Canadian trading
Oil explorer i3 Energy said today it had completed the acquisition of the petroleum and infrastructure assets of Canadian firm Gain Energy for £44.5 million.
Equinor making job cuts in UK, Canada and US in response to downturn
Equinor is making job cuts in the UK, Canada and US in response to the oil downturn, with its Aberdeen workforce included in the process.
Oil companies wonder if it’s worth looking for oil anymore
A few dots near the bottom corner of the world map in the southern Atlantic, the Falkland Islands were once at the forefront of a new era for the oil industry as companies scoured the planet for resources.
I3 Energy issues half a million new shares as it eyes first production assets
I3 Energy has issued more than half a million new shares to fund its acquisition of Gain Energy’s petroleum and infrastructure assets.