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Tuesday, Oct 26th, 2021

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Drilling approvals, Equinor build-up a double-boost for struggling N.L. offshore industry

Pandemic reduced investment in offshore, but industry believes situation will improve The federal approval of three offshore exploration projects and a consolidation of Equinor’s Canadian operations in St. John’s is being viewed this week as a double-boost for a struggling offshore oil and gas industry. “It’s welcome news on both fronts,” Jim Keating, acting CEO [&hel

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The Government of Canada announces Environmental Assessment Decisions for three offshore exploration drilling projects

The Government of Canada is working to protect the environment while growing the economy and creating good jobs for Canadians. Today, the Minister of Environment and Climate Change, the Honourable Jonathan Wilkinson, announced that the proposed BHP Canada Exploration Drilling Project, Central Ridge Exploration Drilling Project and West Flemish Pass Exploration Drilling Project can proceed. [&helli

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C-NLOPB Awards “Significant Discovery” Licence to Equinor

The province’s offshore regulator has issued a Significant Discovery licence to Equinor for the Harpoon O-85 exploration well. The recoverable oil volume from the Harpoon discovery is estimated at 40-million barrels. The Canada-Newfoundland and Labrador Offshore Petroleum Board’s interpretation of well and seismic data has resulted in an update to its reserves and resources table. [&he

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