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Saturday, Jan 29th, 2022

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Month: December 2021

Norway’s upstream sector is thriving: Wood Mackenzie

It’s full steam ahead for Norwegian oil and gas operators, say consultants Norway’s oil and gas production growth and record cash flows in 2022 will strengthen balance sheets while there’s a record number of final investment decisions for projects in the nation on the table, according to UK-headquartered consultants Wood Mackenzie. The high activity level […]

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Equinor set to sanction huge Brazilian offshore project

Equinor and its partners will sanction BM-C-33 development by early 2022 with potential final investment decision in early 2023 Norway’s Equinor will soon sanction development of the giant Pao de Acucar gas condensate field on Block BM-C-33 in Brazil’s Campos basin. “We have matured towards preliminary project sanction now or [the] beginning [of] next year […]

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Minister Parsons Launches Renewable Energy Plan for Newfoundland and Labrador

NLIS 1 Executive Council Industry, Energy and Technology December 16, 2021   Minister Parsons Launches Renewable Energy Plan for Newfoundland and Labrador The Honourable Andrew Parsons, Minister of Industry, Energy and Technology, today launched the province’s Renewable Energy Plan. The plan, titled ‘Maximizing Our Renewable Future’, was developed with considerable input fro

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Exxon Proposing to Build Supply Base for Guyana Project

Exxon Mobil Corp outlined a major new investment in Guyana amid government calls for delivering economic benefits to residents from deepwater oil and gas discoveries helping turn the South American nation into an oil powerhouse. A coming onshore supply base will expand jobs and boost local fabrication for future projects starting with its fourth production […]

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