Shell Completes ARC Resources Acquisition to Expand Canadian Production
Shell completed its acquisition of ARC Resources on 2 September after securing the required shareholder, court and regulatory approvals, expanding its producing asset base in British Columbia and Alberta.
Shell to Acquire 30% Stake in Bay du Nord as Equinor Targets 2027 Decision
Equinor and Shell have agreed a partnership for the Bay du Nord oil project offshore Newfoundland and Labrador, with Shell set to acquire a 30% interest. Equinor announced the agreement on 9 October and will retain 70% and operatorship.
Sonardyne Unifies Underwater Navigation Range for Marine Robotics
Marine robotics specialist Sonardyne has expanded its SPRINT-Nav technology into a comprehensive family of underwater navigation systems. Built on a single shared architecture, the scalable portfolio now accommodates all classes of subsea vehicles,…
Guess & Co. Completes $3-Billion West Virginia Energy Asset Acquisition
Guess & Co. has completed a $3 billion acquisition of natural resource assets in West Virginia, adding oil and gas wells, mineral interests and coal reserves as the company expands its long-term energy and industrial development platform. The acquisition includes approximately 7,300 aggregate acres of coal, oil, natural gas and other mineral interests across Clay, Kanawha and Wetzel counties, along […]
Maersk Expands North American Ground Network
Integrated logistics provider A.P. Moller – Maersk has introduced a dedicated lithium-ion battery transportation service across its North American ground freight network. The capability addresses rising distribution demand across the automotive, electric vehicle (EV) and advanced manufacturing sectors throughout the US, Canada and Mexico. By extending its dangerous goods expertise from ocean and air freight […]
Aker Solutions awarded Engineering and Maintenance Service agreement from Cenovus Energy
The White Rose field is located approximately 350 km east of St. John’s, Newfoundland and Labrador, Canada, on the eastern edge of the Jeanne d’Arc Basin. The scope includes comprehensive engineering, maintenance, and operations support for the new West White Rose platform as well as the SeaRose Floating Production Storage and Offloading (FPSO) vessel. “We will apply our multidiscipline Project Execution Model […]
Chevron Confirms Oil Discovery at Bandit Prospect in Gulf of America
Chevron Corporation (NYSE:CVX) today confirmed an oil discovery at the Bandit prospect in the Gulf of America, as announced by operator Occidental. The exploration well is located in Green Canyon Block 680, about 125 miles south of the Louisiana coast. The well encountered high-quality, full-to-base oil-bearing Miocene sands. The co-owners are currently evaluating results to […]
Middle East Turmoil May Elevate Canada to Energy Market Safe Haven
The escalating conflict involving Iran — and its knock-on effects on global oil infrastructure — is sending shockwaves through energy markets. Recent military strikes by the United States and Israel against Iranian targets have heightened fears of a prolonged disruption to supplies flowing through the Strait of Hormuz, a vital chokepoint that historically carries roughly […]
Thomas W. Horton Joins Chevron’s Board of Directors
Chevron Corporation today announced Thomas W. Horton has joined the company’s Board of Directors as an Independent Director and has been appointed to the Board Audit Committee. Horton, 64, is a partner at Global Infrastructure Partners, a global infrastructure-investment firm, and was a senior advisor at private-equity investor Warburg Pincus. Horton previously held senior roles […]
US Conducts First Offshore Lease Sale Under OBB Bill Act
The Bureau of Ocean Energy Management (BOEM), part of the US Department of the Interior (DoI), has completed the Lease Sale Big Beautiful Gulf 1. This is the first offshore oil and gas lease sale under the One Big Beautiful Bill Act (OBBA), in which 30 companies participated, submitting a total of 219 bids amounting […]
