The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has issued Significant Discovery Licence 1059 to Equinor Canada Ltd. and is announcing the related volume estimate for the Cappahayden K-67 discovery.
February 3, 2023, 10:47 AM MST
Low-carbon hydrogen will be an important part of the Maritimes — and Nova Scotia specifically — transitioning to net-zero emissions, says Jordan MacNeil, manager of business development at Eastward Energy.
February 1, 2023, 10:38 AM MST
While Nova Scotia offshore carbon capture, utilization and storage (CCUS) development is still in its early stages, recent mapping, past production and the drilling history lends itself to a greater opportunity of understanding the potential, says Adam MacDonald, director of Subsurface Energy Development in the Department of Natural Resources and Renewables.
January 31, 2023, 12 AM MST
January 31, 2023, 5:47 AM MST
Nova Scotia’s rich hydrocarbon potential includes an estimated 120 tcf of natural gas and about eight billion bbls of oil, with an attractive shallow water depth for producers, according to the province’s Play Fairway Analysis.
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International Petroleum Corporation (IPC)’s subsidiaries IPC Malaysia B.V. and IPC SEA Holding B.V. have signed a letter of agreement with PETRONAS to extend the Block PM 307 production sharing contract (PM 307 PSC) covering the Bertam Field, offshore Peninsular Malaysia from Aug. 15, 2025 until Aug. 14, 2035.
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While geology has made Western Canada a natural target for carbon storage opportunities, Newfoundland and Labrador has the capacity to be a player, as well.
December 14, 2022, 12 AM MST
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