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.
A challenge has been mounted to TransGlobe Energy’s plans to merge with Vaalco Energy, ahead of the crucial September 29 vote.
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 has retracted its financial guidance for 2022 as spiralling gas prices have driven it to seek support from the German government.
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 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 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.
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.
Asset and integrity management consultancy Add Energy has secured over $6 million of new work in Canada as it continues its local expansion.
The Canadian government has approved Equinor’s Bay du Nord project, albeit with the strongest ever greenhouse gas conditions.
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 a “climate change pass” for the gas industry to wean western countries off supplies from Russia.
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.
Malaysia’s national oil company Petronas is setting up a business unit focusing on clean energy solutions as part of a global operational shuffle.
A group of energy companies have ponied up C$79 million ($62mn) to back a turquoise hydrogen technology in Canada.
North-east firm i3 Energy (LSE: I3E) is planning for a “very busy” 2022 with an “extensive” drilling programme on the cards.
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.
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 has signed an engineering, procurement, fabrication and construction (EPFC) contract with McDermott International.
ExxonMobil Canada has signed a contract for the Stena Forth to drill one well offshore Canada in the second half of 2022.
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 has struck a deal with ExxonMobil to take a stake in an exploration licence offshore Canada’s east coast.
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.
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.
A new floating LNG (FLNG) export plan is taking shape off Canada’s west coast, with an eye on achieving net zero.