WorldOil The last barrel Hope for the Canadian oil industry? Chevron’s LNG exit adds to roster of companies walking away from Canadian energy The U.S. oil giant called time on its Kitimat LNG plant on Wednesday, saying it plans to sell its 50% stake and that the project “will not be funded by Chevron and may be of higher value to another company.” Canadian gas drillers pursue plan for floating LNG project Rockies LNG Partners, a group of Canadian natural gas drillers seeking new markets for their production, is considering building an export project on barges floating off the coast of British Columbia. Lease agreement brings Transocean Barents to Bull Arm Fabrication site Nalcor Energy – Bull Arm Fabrication has signed an agreement with DF Barnes that will have the Site play host to the ultra-deepwater semi-submersible drill rig, Transocean Barents, as it readies for further exploration work offshore Newfoundland in 2020. Noia fall seminar points to bright future for Canadian offshore exploration "We see many prospects that have the potential to hold billions of barrels of oil. There are probably two dozen prospects HIbernia-size or bigger," said Jim Keating, executive vice president, offshore development and corporate services at Nalcor Energy. Canadian oil and gas association questions federal parties on offshore policies In the context of Noia’s Imagine the Potential campaign and data released through its industry economic impact report, Noia believes it is imperative for the political parties to provide information on how they will ensure the industry is able to reach its potential and provide significant benefits to all Newfoundlanders and Labradorians and Canadians. Assessment reveals significant oil and gas potential offshore Newfoundland “In just 9% of our offshore, we have a combined resource potential of 52.2 Bbbl oil and 199.6 Tcf gas. We have over 650 leads and prospects identified to date, and $4 billion in recent exploration work commitments," said the Honorable Siobhan Coady, Canada's Minister of Natural Resources. Oceaneering tapped to decommission seven gas platforms offshore Canada The decommissioning project comprises seven offshore gas platforms located approximately 135 nautical miles east of Halifax, Nova Scotia, Canada on the edge of the Scotian Shelf. CGG awarded offshore Eastern Canada imaging project by BHP In line with its continued investments in high-end imaging technology, supercomputing capacity and digitalization, CGG will employ its FWI and least-squares migration algorithms over the entire survey area of more than 10,000 km². Hibernia production halted again following spill “The nature and frequency of these incidents in our offshore area are obviously concerning,” said Scott Tessier, CEO of the Canada - Newfoundland and Labrador Offshore Petroleum Board.