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Tuesday, Oct 26th, 2021

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Response from Canada’s Conservatives

Canada’s Conservatives have always been proud supporters of our country’s worldclass, ethical, and sustainable oil and gas sector. This sector has always been a driver of the economy and continues to demonstrate environmental and social governance (ESG) leadership to the world. Thank you for reaching out and allowing us the opportunity to comment on your […]

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Rystad Energy says ‘numerous exploration prospects’ remain at giant Stabroek Block

The prolific Stabroek Block offshore Guyana, covering an area of 6.6 million acres, still has multiple exploration prospects remaining with large swathes of the ExxonMobil-operated license still unexplored. This is despite the U.S. oil major and co-venturers Hess and CNOOC already making 22 commercial discoveries with volumes now exceeding 9 billion barrels of oil equivalent […]

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ExxonMobil spuds third Canje prospect offshore Guyana

Sapote exploration well follows on from the Jabillo and Bulletwood prospects ExxonMobil has spudded a new ultra-deep water exploration on the Canje block offshore Guyana, according to Canada-listed independent Eco Atlantic Oil & Gas. The Sapote-1 well is designed to test Upper Cretaceous reservoirs in a stratigraphic trap. The well is 225 kilometres north-east of […]

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St. John’s East candidates have different views on fossil fuel subsidies, despite similar priorities

While all three main party candidates in the federal riding of St. John’s East agree on the existence of a climate emergency, their opinions on subsidies to the oil and gas industry differ dramatically. On Monday, federal NDP leader Jagmeet Singh announced that his government would entirely eliminate fossil fuel subsidies if elected. The Conservative […]

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The Future Of Oil Is Offshore

Brazil and its tiny neighbors Guyana and Suriname have recently risen to prominence with major oil discoveries despite what most would see as an unfavorable environment—the energy transition seems to be moving ahead at full speed and oil’s days should be numbered. Only they aren’t. And the future of oil appears to be offshore. Brazil […]

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