Newfoundland and Labrador
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The project partners and the Newfoundland and Labrador government reach agreement over life-of-field benefits, royalties, and an equity option, moving development toward sanction in 2027. -
Operator Cenovus expects the concrete gravity structure to be moved in June, first oil to be produced in Q2 2026.
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The Norwegian operator engaged BW Offshore and Altera Infrastructure to take a run at a development scheme for the project.
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The agreement puts an early contractual framework in place for closer collaboration sooner on the project pair.
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New round covers 41 parcels across almost 10.3 million hectares off Newfoundland and Labrador
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Majors and independents alike are targeting high-impact wells across the globe to boost future oil and gas production volumes.
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The C-NLOPB has green-lit the supermajor’s plans to develop new sands within the field’s Jeanne d’Arc formation.
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Suncor Energy brought the Terra Nova FPSO back into production as part of an extensive field life extension project offshore Newfoundland and Labrador.
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One new license holds the future location of the Gale exploration well.
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Regulator hits the brakes on any Jeanne d’Arc Basin acreage offerings for 2023.
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