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Suncor CEO offers little hope for Terra Nova as 'brick wall' date approaches


Suncor CEO offers little hope for Terra Nova as brick wall date approaches
Hope for a renewed life for the Terra Nova oilfield in Newfoundland and Labrador s offshore is fading, as Suncor has set a June 15 deadline to reach an agreement.
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CBC News ·
Posted: May 27, 2021 11:18 AM NT | Last Updated: May 27
The Terra Nova FPSO is pictured here dockside at the Bull Arm fabrication facility in Trinity Bay. The vessel has not produced oil in Newfoundland and Labrador s offshore since late 2019.(Newfoundland Offshore/Facebook) ....

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Woodside exiting Kitimat LNG Porject


Woodside has decided to exit from LNG Kitimat.
The exit will include the divestment or wind-up and restoration of assets, lease and agreements covering the Pacific Trail Pipeline route. Woodside will retain a position in the Liard Basin upstream gas resource.
Woodside will work with Kitimat Joint Venture participant and operator Chevron Canada to protect value during the exist. Chevron announced its own plan to divest its 50 per cent interest in the LNG project in December of 2019.
The impact of the exit for Woodside is expected to affect net profit after tax by approximately US$40 to 60 million. ....

British Columbia , Pacific Trail Pipeline , Liard Basin , Kitimat Joint Venture , Chevron Canada , பிரிட்டிஷ் கொலம்பியா , பெஸிஃபிக் பாதை குழாய் , பொய்யர் பேசின் , செவ்ரான் கனடா ,

B.C. LNG industry faces more uncertainty as another investor pulls out


B.C. LNG industry faces more uncertainty as another investor pulls out
Simon Little
© AP Photo/Koji Sasahara
FILE IMAGE - LNG tanker Umm Al Ashtan arrives at a port.
There are new signs of uncertainty for British Columbia s liquified natural gas industry this week, as one of the province s marquee projects faces another blow.
The second of two key investors in the proposed Kitimat LNG development, Australia-based Woodside Petroleum Ltd., announced Wednesday it plans to sell its 50 per cent stake in the project.
Earlier this year, Chevron Canada Ltd. said it would stop funding feasibility work on the project. Chevron put its interests up for sale in December 2019, but no buyer has yet stepped forward. ....

British Columbia , United Kingdom , David Austin , Umm Al Ashtan , Meg Oneill , British Petroleum , Chevron Canada Ltd , Woodside Petroleum Ltd , Australia Based Woodside Petroleum Ltd , Chevron Canada , பிரிட்டிஷ் கொலம்பியா , ஒன்றுபட்டது கிஂக்டம் , டேவிட் ஆஸ்டின் , அம் அல் அஷ்டான் , மெக் ஓனேிழில் , பிரிட்டிஷ் பெட்ரோலியம் , செவ்ரான் கனடா லிமிடெட் , வூட்ஸைடு பெட்ரோலியம் லிமிடெட் , செவ்ரான் கனடா ,