Nova Scotia, one of Canada’s three Maritime provinces, welcomed Shell Canada exploration vessels Saturday, May 18, signalling the company’s renewed interest in exploring the province’s offshore. Economic and Rural Development and Tourism Minister Graham Steele, on behalf of Premier Darrell Dexter, greeted seven Shell Canada 3D offshore exploration vessels, which will begin offshore exploration surveying [...]
Talisman Energy Inc. has announced the appointment of Paul R. Smith as Chief Financial Officer (CFO), effective May 20, 2013. Paul is currently Executive Vice-President, North America, within Talisman. Scott Thomson, Talisman’s current CFO, is leaving the company to become President and Chief Executive Officer (CEO) of Finning International, the world’s largest Caterpillar equipment dealer [...]
French provider of oilfield services Technip has been awarded by Husky Oil Operations two contracts, for the planned subsea tieback of the South White Rose Extension field. Technip did not disclose the exact combined value of the contracts but said that the value was substantial. For Technip, a “substantial” subsea contract is ranging from €100 [...]
The Nova Scotia Energy Minister Charlie Parker has announced that province is moving forward with legislation to better protect Nova Scotian offshore oil and gas workers. Parker on Friday, May 3, introduced proposed amendments to the Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation (Nova Scotia) Act to establish one set of occupational health and safety rules for [...]
Canadian Overseas Petroleum Limited (COPL), has appointed Christopher McLean as Chief Financial Officer effective immediately. McLean has been a director of COPL since 2010 and was most recently the President of Stonechair Capital Corporation. He will remain a director of the Company but has stepped down from his role as Chair of the Audit Committee. [...]
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has completed a reassessment of the oil, gas and natural gas liquids (NGLs) reserve and resources estimates for the Terra Nova field and has revised the current estimates. Reserve and resources estimates are reviewed and updated when significant new information is acquired during drilling and production activities [...]
The Canadian Association of Petroleum Producers yesterday presented recognition awards to five oil and natural gas companies for innovative environmental, safety and social projects that demonstrate responsible resource development. “Canada’s oil and natural gas industry delivers energy to Canada and the world in a responsible way every day,” said CAPP president Dave Collyer. “These annual [...]
March 21, 2013 | Posted in
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On the four-year anniversary of the tragic crash of Cougar Flight 491 in Canada, New Democrat MP Ryan Cleary is calling on the Conservatives to follow through on the chief recommendation of the 2010 Wells Inquiry Report to create an independent safety regulator for the offshore oil industry. “It’s incredibly important to remember the 17 victims [...]
ExxonMobil Canada Properties has released the option for Kvaerner’s joint venture company Kiewit-Kvaerner Contractors to provide the full scope of engineering, procurement and construction (EPC) services for the Hebron Project gravity based structure (GBS). The contract value for Kvaerner’s share of the full EPC contract is approximately USD 1.5 billion and includes work conducted to [...]
Canada’s Talisman Energy today announced it will slash its capital expenditure for 2013 by 25% compared to 2012. The capital budget for this year has been set at $3 billion. “The objective of our 2013 capital and operating plan is to increase total shareholder returns by unlocking net asset value and growing cash flow per [...]
