Offshore

Most of the growth came from shipping crude oil to Europe. By Gary Kean Newfoundland and Labrador outpaced other provinces in sending a larger share of exports to non-U.S. markets in 2025. However, that does not mean it has diversified trading partners. According to a recent TD Economics report on the shifting nature of goods …

Newfoundland and Labrador Leads Canada in Boosting Exports to Countries Other Than U.S. Read More »

(Reuters) – Shell is weighing investments in certain offshore natural gas opportunities in Venezuela involving investments worth a few billion dollars with production expected in the next couple of years, CEO Wael Sawan said in an interview with CNBC on Thursday. “These are opportunities that could potentially be activated within months,” he told CNBC, adding …

Shell Weighing Venezuela Offshore Investments Worth Billions of Dollars, CEO Tells CNBC Read More »

LONDON, Jan 6 (Reuters) – Shell (SHEL.L) has agreed to buy stakes in two undeveloped offshore blocks in ultra-deep waters offshore Angola from Chevron (CVX.N), the European energy major said on Tuesday. European oil majors have said they will spend billions in Angola, Sub-Saharan Africa’s second-largest crude oil producer after Nigeria. The country has undertaken …

Shell Buys Stakes in Angolan Offshore Blocks From Chevron Read More »

By Olga Tanas Harbour Energy Plc, one of the largest independent oil and gas firms in the UK, expects to cut another 100 jobs after the government decided to keep a windfall tax on North Sea producers. The Labour government last week said it plans to retain the Energy Profits Levy — introduced by the …

Harbour Energy to Cut 100 UK Jobs After Windfall Tax Retained Read More »