By Kurt Abraham, Editor-in-Chief, World Oil on 5/7/2019
HOUSTON — Don’t forget that Canada is a major source of oil and gas, and an extremely reliable place to do business was the message put forth at OTC on Monday by officials from several jurisdictions in the country. As noted by Douglas George, Acting Consul General in Dallas, Canada holds the third-largest oil reserves globally, is a major oil producer (171 Bbbl), and is the fourth-largest natural gas producer, behind Russia, the U.S. and Iran.
“Canada produced 4.2 MMbopd in 2018,” said George. “This growth is the result of long-term projects that are coming online.” He added that in Saskatchewan, light oil output was up 2% in January, compared to the level of a year earlier. The Canadian Association of Petroleum Producers, he pointed out, has predicted further growth in Atlantic Canada oil production, as well, over the next five years.
Read more… “OTC: Canadian officials tout massive potential”
By Sheela Tobben on 11/21/2018
NEW YORK (Bloomberg) — A huge low-pressure system that swept through Canada’s Atlantic seaboard last week shut all of the region’s oil production. Only one field has restarted service in the storm’s wake, while another is battling an oil leak.
Waters off the province of Newfoundland and Labrador host four producing fields — Hibernia, Terra Nova, White Rose and Hebron — which yielded over 150,000 bopd in September, according to the Offshore Petroleum Board. All four were shut ahead of the storm, operators said. Only Hebron has resumed operations, according to Lynn Evans, a spokeswoman for operator Exxon Mobil Canada.
Read more… “Major storm shuts all of Eastern Canada’s crude oil production”
WASHINGTON, D.C. — Noia has informed its members, the oil & gas industry, and the public that nominations are now being accepted for the 2019 Industry Achievement Awards. Nominations will remain open until 5 p.m. Friday, November 16, 2018, for both the Outstanding Contribution Award and the Rising Star Award.
The Outstanding Contribution Award recognizes exemplary contribution of an individual who, through the course of their work and personal life, has influenced the development of the offshore oil & gas industry. Individuals may be nominated by other industry members or individuals from the community at large. Criteria for nomination includes over 10 years industry experience, demonstrated leadership skills, advocacy on behalf of the industry, and giving back to the community. In honour of Noia’s 25th anniversary, the Outstanding Contribution Award was first presented in 2002 when 12 industry influencers were the inaugural recipients.
Read more… “Noia accepting nominations for 2019 Industry Achievement Awards”
Ramform Sterling. Image: PGS.
ASKER — TGS and Petroleum Geo-Services (PGS) announce that a second vessel, the Ramform Sterling, will be allocated to the 2018 East Canada acquisition program. This vessel will acquire a minimum 2,700 km2 of 3D seismic, including additional data within the 2017 Harbour Deep and Cape Broyle 3D survey outlines. Acquisition is expected to complete in third-quarter 2018.
Following this eighth consecutive season of data acquisition offshore East Canada, the jointly-owned library will have more than 175,000 km of 2D GeoStreamer data and approximately 40,000 km2 of 3D GeoStreamer data. An expansive well log library is also available in the region, along with advanced multi-client interpretation products that will improve play, trend and prospect delineation.
Read more… “TGS, PGS announce more 3D multi-client acquisition offshore East Canada”
HOUSTON — Fugro and partner, amplified geochemical imaging (AGI), have reported recent success selling licences for data from a frontier region offshore Canada. The data were acquired during a hydrocarbon seep survey, heat flow and geochemical coring campaign in the large Orphan basin, situated on the continental margin of Newfoundland.
Husky Energy Inc. tumbled the most in two years after the Canadian energy company suspended operations on its SeaRose offshore vessel in the Atlantic, after receiving a reprimand for a close call with an iceberg.