Connect with the east coast oil & gas industry – register free

Connect with the east coast oil & gas industry – register free

Posted by Andrea Marston December 18, 2014


Atlantic Canada Petroleum Show is a celebration of the east coast oil and gas industry. Join more than 2,000 registered attendees and over 160 companies from across Canada and the USA to access the next generation of technologies, products and services and network with professionals in the industry. Don’t miss the premier event for east coast oil & gas – register for FREE today! Save the Date Atlantic Canada Petroleum Show June 17 & 18, 2015 Mile One Centre St…. More

ExxonMobil lands Flemish Pass acreage

ExxonMobil lands Flemish Pass acreage

Posted by Nicole Veronneau December 16, 2014


An ExxonMobil-led trio has made the largest ever bid for a licence in Canada’s Newfoundland and Labrador province, stumping up $559 million for a deep-water Flemish Pass permit. US supermajor ExxonMobil holds a 40% share in the winning bid with partners US oil major ConocoPhillips and Canada’s Suncor Energy on 30% each. The licensing offer by the Canada-Newfoundland and Labrador Offshore Petroleum Board was expected to attract increased interest from international players on foot of Statoil’s discovery trio with its… More

Via - Upstream

Aker scores Mariner work

Aker scores Mariner work

Posted by Nicole Veronneau December 15, 2014


Norway’s Aker Solutions has won a £120 million (US$188 million) contract to provide engineering, construction and commissioning services for the Mariner oilfield development in the UK North Sea. The company secured the contract from Daewoo Shipbuilding & Marine Engineering for work on the hook-up phase of the development. This contract adds to the existing five-year maintenance and modifications services contract Aker was awarded by Statoil in June for the field. Production from the oilfield is set to start in 2017… More

Via - Upstream

Worst Case Scenario

Worst Case Scenario

Posted by Trish Selimbegovic December 12, 2014


Yes, oil spills can happen. So, are we ready for the next one that comes along? It depends on who you ask BY DARREN CAMPBELL This Michigan-based research laboratory tests the latest technologies in oil spill cleanup In 1987, John Brinkman stumbled upon the oil spill cleanup technology of the future. Brinkman, the current president and CEO of Welland, Ontario-based Imbibitive Technologies Corp., was working for an ­Ontario company at the time. He was at a Toronto trade show, and… More

Via - Alberta Oil

Oil ‘will recover to $100′: IEA

Oil ‘will recover to $100′: IEA

Posted by Nicole Veronneau December 8, 2014


The chief economist of the International Energy Agency said he sees oil rising back to near $100 a barrel in coming years, some 40% above current prices that have been hit by a supply glut and sluggish global growth. “I think an oil price, which will balance the markets in the next years to come, will be close to $100,” Fatih Birol told a conference when asked to quantify at what level he sees oil prices long-term, Reuters reported from Stockholm…. More

Via - Upstream

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