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The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) said Feb. 2 it issued significant discovery license 1060 to Equinor Canada Ltd. for its Cambriol G-92 discovery.
C-NLOPB said recoverable oil volumes from the Cambriol G-92 discovery in the Flemish Pass Basin are estimated at 340 MMbbl.
The discovery is close to the Equinor-operated Bay du Nord project, which Equinor and BP decided in May 2023 to postpone developing for up to three years. If Bay du Nord is developed, Equinor has said its nearby Cambriol and Cappahayden discoveries, in about 650 m water depth, could be tied back to it.
Equinor holds 60% in the license while partner BP Canada Energy Group ULC holds 40% interest.
2023-12-11 - United Airlines is among aviation companies pushing for more production of sustainable aviation fuel as well as diverse feedstocks such as CO2 and hydrogen.
2023-12-06 - TotalEnergies and Masdar’s test flight, which used a blend of aviation fuel made from olefins, will support the certification of SAF production from methanol.
2024-01-23 - Fewer companies expect to increase oil and gas production this year as many turn to renewables for growth opportunities.
2024-02-07 - The lower lifecycle emissions of sustainable aviation fuel are seen as a key lever for airlines to reduce carbon emissions, but cost is a challenge.
2024-02-08 - In a supply agreement, Air Liquide and Dow plan to add a new CO2 recycling solution to two air separation units and one partial oxidation plant.