Sunday, September 15, 2019

Canada News

Woodside Looks to Sell Gas Assets

(Photo: Woodside)

Australian oil and gas producer Woodside is seeking to reduce its stakes in the Scarborough gas field at home and in Canada's Kitimat liquefied natural gas (LNG) project to cut its capital exposure…

Increased Confidence in CO2 Storage

The bespoke drill rig being lowered over the side of the RRS James Cook. The rig is designed to push the curved steel pipe into the seabed sediment. Image: Copyright STEMM-CCS Project

If we are going to store large volumes of carbon dioxide (CO2) in depleted oil and gas reservoirs beneath the seabed we need to be sure that, in the unlikely event of a leak, we can detect it.

Industry Showcases Positive Changes at OE 2019

Photo: SPE Offshore Europe

Commitment to accelerating the energy transition is gathering pace, as operators and technology developers at SPE Offshore Europe 2019 said they will invest to secure a more sustainable…

Schlumberger CEO Outlines Digital Strategy

Schlumberger CEO Olivier Le Peuch (Photo: Schlumberger)

Schlumberger NV's newly-appointed Chief Executive Officer Olivier Le Peuch on Wednesday outlined his vision for the world's largest oilfield services company, vowing to exit unprofitable businesses…

Corvus Energy Wins MSA from DNV GL

Corvus Energy proudly displays the MSA granted by DNV GL. Left to right: From DNV GL, Ham Kwang Nam, JSS Project Manager and Anders Mikkelsen, Director of Business Development; and from Corvus Energy, Brian Baker, Principal Engineer, Battery Safety & Regulation Compliance, Mariella Deltcheva, Plant Manager and Abbas Nouri Zenouz, QHSE Director.

Corvus Energy, a provider of energy storage solutions for marine, oil & gas and port applications, announced that DNV GL and Corvus Energy have completed the DNV GL Manufacturer…

U.S. To “Drown The World” In Oil

Image: Global Witness

A staggering 61% of the world’s new oil and gas production over the next decade is set to come from one country alone: the United States.According to a report by Global Witness…

Wood Promotes Leonard in Americas Role

Paul Leonard (Photo: Wood)

Engineering firm Wood said it has appointed Paul Leonard as President of Operations Services in its Americas business to succeed Tim O’Leary, who is retiring from the company after…

Green Group Asks Cosco to Avoid HFO in Arctic

Photo by Clean Arctic Alliance

Clean Arctic Alliance has sent its second letter to Cosco, in which the NGOs urge the Chinese liner company to make public what fuel types its vessels use in the Arctic.Responding…

Oil Outlook Becomes Gloomier: Rystad

Graph: Rystad Energy

Rystad Energy said the oil market was going “from gloomy to gloomier”, calling into question the consultancy's own bullish view for the first part of 2020.Recent developments in…

U.S. LPG Exports Grow by 22%: Dorian LPG

Pic courtesy: Dorian LPG Ltd.

U.S. liquefied petroleum gas (LPG) exports have grown year-over-year by 22% to 22.5 million tons year-to-date (YTD) and Middle East exports have grown on the same basis 3.5% to 22.6 million tons…

U.S. Crude Exports Reach a Record of 3.16 mln bpd

File image: A crude vessel alongside and loading at the U.S. port of Corpus Christi, Texas

U.S. crude oil exports surged 260,000 barrels per day (bpd) in June to a monthly record of 3.16 million bpd as South Korea bought record volumes and China resumed purchases, data from the U.S.

TC Energy: Order Blocking Keystone XL Pipeline Lifted

File Image (CREDIT: AdobeStock / © Diter)

TC Energy Corp's long-delayed Keystone XL oil pipeline took a small step forward this week, after a U.S. court overturned an injunction that barred certain work on the project, the company said.The company…

KNOC Aims to Sell Stake in Dana Petroleum

(Photo: Dana Petroleum)

State-run Korea National Oil Corp (KNOC) is considering upping the stake it is planning to sell in its British unit Dana Petroleum after failing to lure a buyer for the 30% previously on offer…

North American LNG Exports to Grow: Study

Graph: McKinsey Energy

North American LNG exports will grow quickly until 2023 then plateau until a second wave of capacity comes online from 2025, McKinsey Energy Insights said in 2019 North American…

Suncor Posts Higher Upstream Production

(Photo: Suncor Energy)

Suncor Energy Inc, Canada's second-largest oil and gas producer, on Wednesday reported a 5% rise in second-quarter operating profit and higher upstream production.Suncor's total production rose to 803…

Repsol Profit Beats Estimates

(Photo: Repsol)

Spanish energy company Repsol trimmed its full-year earnings outlook on Wednesday as lower oil prices and refining margins weighed on profits, but a share buy-back and better than…

Canada's FortisBC to Export LNG to China

Pic: FortisBC Energy Inc

FortisBC Energy Inc will export Canadian LNG produced by its small-scale LNG terminal in British Columbia to China starting in 2021.The Canadian natural gas utility, which has operated its Tilbury LNG plant since 1971…

Pieridae Mulls Extensions with Uniper

Andreas Schierenbeck, Uniper CEO: Photo: Uniper

Canadian energy company has negotiated extensions of the key deadlines under its 20-year agreement with German energy trader Uniper.These include expected commercial deliveries…

USA to Dominate in LNG Capacity

Photo: © By alexyz3d / Adobe Stock.

The US and India are expected to lead capacity growth in the global LNG liquefaction and regasification industries from planned and announced (new-build) projects, respectively…

Anadarko Approves $20 Bln Mozambique LNG Project

(File photo: Anadarko)

U.S. energy firm Anadarko Petroleum Corp gave the go-ahead on Tuesday for the construction of a $20 billion gas liquefaction and export terminal in Mozambique, the largest single LNG project approved in Africa…