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 […]
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 […]
TGS has begun Phase 2 of its Orphan3D pre-stack depth migration (PSDM) reprocessing project offshore Newfoundland and Labrador, upgrading approximately 13,300 km² of 3D seismic data to support exploration in one of the North Atlantic’s most prospective offshore basins.
bp has agreed to sell its non-operated interest in the Bay du Nord project offshore Newfoundland and Labrador, Canada, to operator Equinor, continuing its strategy of simplifying its upstream portfolio and focusing capital on higher-value opportunities.
Aker Solutions has been awarded a five-year engineering and maintenance services agreement by Cenovus Energy to support operations at the White Rose field offshore Newfoundland and Labrador, Canada.