The Canada-Newfoundland and Labrador Offshore Energy Regulator’s (C-NLOER) 2026 Calls for Bids drew 10 successful bids totaling more than C$260 million in work commitments, with more than 2 million ha (4.9 million acres) of acreage awarded. The results were released Nov. 4. Industry association Energy NL said the round shows offshore Newfoundland and Labrador will […]
The Oil and Gas Corporation of Newfoundland and Labrador (OilCo) has won two parcels in the Orphan basin in the Canada-Newfoundland and Labrador Offshore Energy Regulator (C-NLOER) 2026 Calls for Bids, which closed Nov. 4. The province’s energy corporation plans to bring in industry partners through negotiated farm-downs. The two parcels cover about 545,021 ha […]
Canada-based subsurface engineering firm VZFOX is entering India through the Team Canada Trade Mission to support mature oilfield redevelopment, enhanced recovery and reservoir optimisation, as the country seeks to strengthen domestic hydrocarbon production and reduce import dependence. The company plans to establish an office in Bengaluru with an initial team of five members by the […]
Shell has signed an agreement to acquire a 30% interest in Equinor’s Bay du Nord offshore oil project in Newfoundland and Labrador, Canada, as the companies advance the estimated C$14 billion development toward a final investment decision in early 2027. Under the agreement, Equinor will retain a 70% interest and remain operator of the deepwater […]
MidOcean Energy on Tuesday confirmed its participation in the newly sanctioned second development of LNG Canada in British Columbia via a partnership with Petroliam Nasional Bhd (Petronas).
Canada, Alberta and five major oil sands producers are advancing a framework that links future production growth and expanded export capacity with the Pathways carbon capture and storage (CCS) project and broader emissions reductions.
MidOcean Energy will participate in Phase 2 of the LNG Canada project through its partnership with PETRONAS following a final investment decision (FID) by the project’s joint venture partners. Phase 2 will add two liquefaction trains at LNG Canada’s facility in Kitimat, British Columbia, doubling production capacity from 14 million tonnes per annum (MMtpa) […]
Abu Dhabi’s XRG is exploring the acquisition of a stake in the Shell Plc-led LNG Canada export project, as the state-owned group pursues plans to become a major global supplier of natural gas, people familiar with the matter said.
Trio Petroleum has signed a farm-in and development agreement with Croverro Energy covering up to 14 new multilateral heavy oil drilling opportunities in the Lloydminster region of Alberta and Saskatchewan, Canada.
Canada’s Trans Mountain pipeline hit full capacity for the first time in June, and the company running it already has another 300,000 barrels per day of capacity planned. Most of those new barrels are expected to head across the Pacific.