Current News:
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 | Canadian Natural Resources Reports Q1 Earnings of $727M (2008-05-09)
2008-05-09 - Canadian Natural Resources Ltd. Thursday reported first quarter earnings of $727 million, up from year-earlier $269-million, with quarterly cash flow from operations reaching $1.73 billion.
“First quarter cash flow was a reflection of hi... |
| | Hyundai Heavy Industries Breaks Ground for Gunsan Shipyard (2008-05-09)
2008-05-09 - Hyundai Heavy Industries has broken ground for it new Gunsan Shipyard in Korea. To be completed come August 2009, the yard will join the company's two other shipyards at Ulsan and Yeongam.
With an annual shipbuilding capacity of 28 ships... |
| | Shell to Begin Heavy Oil Output Offshore Brazil in 2009 (2008-05-09)
2008-05-09 - Royal Dutch Shell will start producing from the heavy oil fields in Brazil's Campos Basin next year, the Valor newspaper said Thursday.
The company will install its Espirito Santo platform, which has a 100,000-barrel-a-day capacity, pump... |
| | StatoilHydro Extends Life of Tune Field (2008-05-09)
2008-05-09 - StatoilHydro said Wednesday is has extended the life and increased gas production at the North Sea Tune field following reconstruction to low-pressure production.
"A relatively limited investment gives us considerable benefits in th... |
| | Japan Canada Oil Sands to Expand Operations (2008-05-09)
2008-05-09 - Japan Canada Oil Sands Ltd. (JACOS) today
announced expansion plans for its Hangingstone oil sands operation. The expanded facilities will provide additional production capacity of up to 35,000 barrels per day.
JACOS is th... |
| | HSE, Boots & Coots to Create US Oilfield Safety Services Co. (2008-05-08)
2008-05-08 - Health, safety and environmental services provider HSE Integrated Ltd. Of Calgary and Boots & Coots International Well Control of Houston today said they are to create a joint company to provide oilfield safety services in the oil and gas producing r... |
| | StatoilHydro Makes Gas/Condensate Discovery in Norwegian Sea (2008-05-08)
2008-05-08 - StatoilHydro ASA has made a gas/condensate discovery in the Norwegian Sea, reports the Norwegian Petroleum Directorate.
The size of the discovery is between three to five billion Sm3 recoverable gas. A thin oil zone under the gas was ... |
| | Canadian Superior's Bounty Well to Reach Total Depth in 30 Days (2008-05-08)
2008-05-08 - Canadian Superior Energy
Inc. (TSX:SNG) announced today that its Bounty exploration well offshore Trinidad is expected
to reach its final total depth of app... |
| | Irving Oil to Lease 252 Retail Sites to Couche-Tard (2008-05-08)
2008-05-08 - Irving Oil Ltd. And Alimentation Couche-Tard Inc. today announced the expansion of their existing
partnership to include 252 Irving Oil convenience retail sites across Atlantic
Canada and New England.
Under the agreeme... |
| | Enbridge Reports Solid Start to 2008 (2008-05-07)
2008-05-07 - Enbridge Inc. (TSX:ENB) Tuesday reported first quarter earnings of $251 million, an increase of 24 million, or 11%, from the same period in 1007.
"Favourable results for
the first quarter of 2008
demonstrate the inherent strength... |
| | Goldman Sachs: $150-$200 Oil Possible in 6-24 Months (2008-05-07)
2008-05-07 - Investment and securities firm Goldman Sachs say an oil price "super-spike" to $150-$200 a barrel is a real possibility within the next six to 24 months, reports Dow Jones Newswires.
"The possibility of $150-$200 per ba... |
| | Transocean Wins Multi-Year Contract for Newbuild (2008-05-07)
2008-05-07 - Transocean Inc. announced Tuesday that one of its subsidiaries has been awarded a five-year drilling contract for an enhanced Enterprise-class design newbuild drillship.
The five-year drilling contract is expected to commence du... |
| | PetroWorth to Test for Shale Gas at NB Drills (2008-05-07)
2008-05-07 - PetroWorth Resources Tuesday said it plans to test for deeper shale gas opportunities at its upcoming four-well drilling program in New Brunswick.
The Calgary-based company initially planned to drill the four wells to a maximum depth of... |
| | CNOOC Planning to be in the US Gulf of Mexico in Two Years (2008-05-06)
2008-05-06 - China National Offshore Oil Corp., or CNOOC, is looking for ways to acquire oil and gas assets in the US Gulf of Mexico "in two years," a top company executive said Monday, reports Dow Jones Newswires.
State controlled CNOOC i... |
| | DNV Releases Recommended Practice for Offshore Structures (2008-05-06)
2008-05-06 - DNV's Recommended Practice 'Fatigue Design of Offshore Structures' has been updated in order to meet increased industry focus on the design of cost-optimal structures and the reliable operation of existing structures during their service life.
... |
| | Volcano Gas Technology Possible Key to Unlock More North Sea Oil (2008-05-06)
2008-05-06 - Cutting edge technology from the United States that uses gas from an extinct volcano to extract more oil from mature fields is to be examined by UK Energy Minister Malcolm Wicks, reports the UK Dept for Business Enterprise and Regulatory Reform.
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| | Eni Makes Significant Oil Discovery Offshore Angola (2008-05-06)
2008-05-06 - Italy's Eni and Sonangol E.P. Monday announced they've made an important oil discovery in a deepwater block some 350 kilometers north of Luanda offshore Angola.
The exploration well -- called Sangos 1 -- which led to the discovery has be... |
| | Canada Post Stamps Celebrate Oil Industry (2008-05-06)
2008-05-06 - Canada Post issued a set of two domestic rate stamps
dedicated to the Transcanada
Pipeline and Canada's first commercial oil well.
It was 50 years ago that the mega-task of bringing Alberta's natural gas through
this vast country ca... |
| | White Rose at Top Royalty Rate (2008-05-06)
2008-05-06 - The White Rose oilfield in the Newfoundland offshore has reached its highest
royalty rate of 30 percent, reports the St. John’s-based daily The Telegram.
White Rose, which produced first oil in November 2005, is covered by a gener... |
| | Schlumberger Intros Multiphase Flowmetering for Heavy Oil Production (2008-05-05)
2008-05-05 -
Schlumberger announced Thursday the first ever application of multiphase flowmetering technology for steam-assisted gravity drainage (SAGD) wells.
"Multiphase flow measurement is a new service for heavy oil and bitumen SAGD... |
| | Chevron to Drill Appraisal Well at GoM Jack Later this Year (2008-05-05)
2008-05-05 - Chevron Corp. said Friday it plans to drill another appraisal well at its deepwater Jack and St. Malo prospects in the Gulf of Mexico later in 2008.
Steve Crowe, Chevron's vice president and chief financial officer, told analysts during ... |
| | Ottawa Invests $13.6M in Fuel-Cell Industry (2008-05-05)
2008-05-05 - Ottawa Friday announced a $13.6 million investment
in the National Research Council
(NRC)'s Vancouver-based fuel cell
and hydrogen industry and officially
opened the Hydrogen and Fuel Cell
Gateway, an exhibit centre showcasing
Canada's world-le... |
| | ABS Evaluating New Teekay Floating Offshore Gas Concept (2008-05-05)
2008-05-05 - Class society ABS Monday said it has been selected by Teekay Corp.
to provide technical evaluation to the basic design concept of a
floating offshore gas liquefaction unit.
The contract calls for review
through to front end engin... |
| | StatoilHydro Awards Seismic Contract Offshore NL (2008-05-05)
2008-05-05 - StatoilHydro Canada said Friday it has awarded a marine seismic
contract for offshore Newfoundland to CGG Veritas.
The multipurpose seismic survey will cover 2,500 square kilometres in the Jeanne d'Arc Basin. It will... |
| | NL Working on Natural Gas Royalty Regime (2008-05-05)
2008-05-05 - A new royalty regime for Newfoundland and Labrador’s natural gas
resources will come in good time, according to Premier Danny Williams, reports the St. John's-based daily The Telegram.
A proposed regime was released last fall
as part ... |
| | Imperial Oil Reports Q1 Income of $681M (2008-05-02)
2008-05-02 - Imperial Oil Thursday announced income of $681 million for the
first quarter of 2008, compared with
$774 million for the same period last year.
The Calgary-based company said earnings were lower than the same quarter of 2007 a... |
| | PRAC Issues Call for Research Proposals (2008-05-02)
2008-05-02 - PRAC Thursday announced it is seeking research proposals related to Asset Integrity in Atlantic Canada.
Maintaining asset integrity in the harsh North Atlantic environment is one of the industry’s most important issues, with the p... |
| | Assessment of Marine Renewable Energy in Bay of Fundy Available for Public Review (2008-05-02)
2008-05-02 - The Offshore Energy Environmental Research Association (OEER) Thursday said its strategic environmental assessment (SEA) for marine renewable energy in the Bay of Fundy is now available for public review.
The association, which ha... |
| | NLRC Receives Environmental Nod for Refinery Proposal (2008-05-01)
2008-05-01 - The company hoping to build Newfoundland's second refinery has achieved federal environmental approval for its development proposal in Southern Head, Placentia Bay.
“NLRC considers this regulatory approval an important milestone,” said Ne... |
| | CHC Shareholders Approve Sale to First Reserve Corp. (2008-05-01)
2008-05-01 - CHC Helicopter Corp. (TSX:FLY.A; TSX:FLY.B), the world's largest provider of helicopter services to the offshore oil and gas industry, Wednesday said that its shareholders have approved the acquisition of CHC by First Reserve Corp.
In Fe... |
| | Forties Pipeline Resumes Flowing North Sea Oil (2008-05-01)
2008-05-01 - BP's Forties pipeline system has resumed delivering oil from the North Sea. The pipeline, which carries about 40% of the UK’s oil to shore, has been shut-in since last Saturday.
The pipeline had been shut down ahead of a planned worker'... |
| | Survival Systems Founder Named OTANS Petroleum Pioneer for 2008 (2008-05-01)
2008-05-01 - Industry association OTANS has chosen Albert Bohemier, the founder of Survival Systems, one of Atlantic Canada’s premier safety training companies, as its Petroleum Pioneer for 2008. The award recognizes those who have had an influence on the develo... |
| | Cameron Awarded $235M White Rose Contract (2008-05-01)
2008-05-01 - Cameron (NYSE: CAM) Wednesday said it has been awarded a contract worth some $235 million to provide subsea equipment and related services for North Amethyst, a tie-back development to the Husky-operated White Rose oilfield offshore Newfoundland.
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