A Barrel Fulll Archive

05 Nov 2025 Pembina Pipeline Corporation ("Pembina") (TSX: PPL; NYSE: PBA) and Petroliam Nasional Berhad ("PETRONAS") today announced the signing of a 20-year agreement (the "Agreement") for 1.0 million tonnes per annum ("mtpa") of Pembina's liquefaction capacity at the Cedar LNG facility ("Cedar LNG") by their subsidiaries. The Agreement is a synthetic liquefaction service structure for 1.0 mtpa of capacity, under which Pembina will provide transportation and liquefaction capacity to PETRONAS LNG Ltd over a 20-year term. It enables PETRONAS to access an additional natural gas export outlet for its sizeable Canadian upstream investment, while providing Pembina with a stable long-term, take-or-pay revenue stream and the potential for value enhancement. The Agreement also demonstrates the shared commitment of both Pembina and PETRONAS to realize the long-term potential of Canadian LNG, supporting energy security and advancing the tra...

Tue, 25 Jun 2024 The Haisla Nation and Pembina Pipeline Corporation ("Pembina") (TSX: PPL; NYSE: PBA), partners in Cedar LNG Partners LP ("Cedar LNG"), today announced a positive Final Investment Decision ("FID") on the Cedar LNG Project, a floating liquefied natural gas ("LNG") ("FLNG") facility with a nameplate capacity of 3.3 million tonnes per annum ("mtpa"), located in the traditional territory of the Haisla Nation, on Canada’s West Coast (the "Project"). The Project is strategically positioned to leverage Canada’s abundant natural gas supply and deliver a lower-carbon energy option to global markets. The facility will be powered by renewable electricity from BC Hydro, making it one of the lowest emitting LNG facilities in the world. "Today, the Haisla Nation, with our partner Pembina, have made history as the world’s first Indigenous community to develop an LNG facility as majority owners," said Crys...

July 13, 2022  Buckeye Partners, L.P. (“Buckeye”) today announced that it closed on the previously announced acquisition of Bear Head Energy, Inc. (“Bear Head”) , which is developing a large-scale green hydrogen and ammonia production, storage and export project in Point Tupper, Nova Scotia with hydrogen electrolyzer capacity of over two gigawatts. “Buckeye’s intention with this acquisition is to develop a large-scale green energy production, distribution and export hub,” said Buckeye CEO Todd Russo. “Given the project’s unique features and the geographic advantages of the region, including its status as one of the top locations globally for wind energy generation, we believe that this has the potential to become one the world’s premier green hydrogen production facilities. As Buckeye continues to evolve into a more diversified energy company, acquisitions like Bear Head represent an opportunity for us to invest in growth that aligns with our customers’ evolving needs and ESG prior...

March 24, 2021 The proposed Kitimat LNG Project was intended to meet increasing global demand for affordable, reliable and ever-cleaner energy, reduce global emissions at a large scale, advance economic reconciliation with First Nations, and create prosperity for Canada. Although Kitimat LNG was a globally competitive LNG project, the strength of Chevron’s global portfolio of investment opportunities was such that in 2019, Chevron elected to cease further funding the project. Subsequently, Chevron Canada Limited (Chevron) and its 50/50 joint venture partner, Woodside Energy, elected to exit the Project. The exit of the Kitimat LNG Project includes the divestment or wind-up and restoration of assets, leases, authorizations and agreements covering the Kitimat industrial site and the site for the proposed LNG facility at Bish Cove. Chevron’s other assets in Canada are not included in this divestment, this decision only impacts the proposed Kitimat LNG Project. The Kitimat LNG decision i...

Oct. 29, 2015  Venari Resources LLC, a deepwater oil exploration and production company in the Gulf of Mexico, announced today successful results from the initial appraisal at its Anchor discovery previously announced in January 2015. The Anchor-2 discovery well, which spud in 2014, is located in 5,180 feet of water in Green Canyon Block 807, approximately 140 miles off the coast of Louisiana. The discovery well was drilled to a depth of 33,750 feet and encountered 690 feet of net oil pay in multiple Lower Tertiary Wilcox sands. The Anchor-2 sidetrack#1 well was drilled down dip to delineate the discovery and confirmed the hydrocarbon accumulation found in the discovery well. The appraisal well encountered 694 feet of net oil pay, a hydrocarbon column of at least 1,800 feet in the Lower Tertiary Wilcox reservoirs and indicated the reservoirs are well developed. "The appraisal results to date suggest that Anchor could be one of the largest oil accumulations in the Lower Tertiar...

23 October 2014 BP today announced an oil discovery at the Guadalupe prospect in the deepwater US Gulf of Mexico. The discovery well, on Keathley Canyon Block 10, was drilled by operator Chevron on behalf of the Guadalupe co-owners. The well encountered significant oil pay in Paleogene age Wilcox Sands. Located approximately 180 miles off the Louisiana coast in 3,992 feet of water, the well was drilled to a total depth of 30,173 feet. More tests are being conducted on the well and additional appraisal activity will be needed to determine the extent of the resource. The Guadalupe co-owners are: BP Exploration & Production Inc, with a 42.5 percent working interest; Chevron USA Inc. (operator), 42.5 percent; and Venari Resources LLC, 15 percent. BP has previously made three discoveries in the emerging Paleogene trend in the deepwater US Gulf of Mexico: Gila in 2013, Tiber in 2009 and Kaskida in 2006. “BP is pleased to be a part of another discovery in the Paleogene trend, an area of ...

29 September 2025 bp has reached a final investment decision on the Tiber-Guadalupe project in the Gulf of America, approving its second new production platform in less than two years in the critical US offshore region and further underscoring the significance of the US Gulf to its global strategy. The 100% bp-owned Tiber-Guadalupe will be bp’s seventh operated oil and gas production hub in the Gulf of America, featuring a new floating production platform with the capacity to produce 80,000 barrels of crude oil per day. The project includes six wells in the Tiber field and a two-well tieback from the Guadalupe field. Production is expected to start in 2030. “Our decision to move forward on the Tiber-Guadalupe project is a testament to our commitment to continue investing in the Gulf of America and expand our energy production from one of the premier basins in the world,” said Andy Krieger, bp’s senior vice president, Gulf of America and Canada. “Along with its sister project Kaskida, ...

14 November 2025 PETRONAS, through its wholly-owned subsidiary PETRONAS Suriname E&P B.V. (PSEPBV), together with Staatsolie Maatschappij Suriname N.V. (Staatsolie), has achieved a significant milestone with the Declaration of Commerciality (DoC) of Sloanea field in Block 52 , marking Suriname’s first gas development milestone in its expanding deepwater energy landscape. The DoC confirms the project’s readiness to progress from discovery towards development, subject to the final investment decision. It builds on the positive momentum from the Sloanea-1 exploration success in 2020 while underscoring both parties’ confidence in the hydrocarbon potential of Suriname’s offshore basin and the shared commitment to unlock Suriname’s deepwater potentials. PETRONAS Vice President of International Assets of Upstream, Mohd Redhani Abdul Rahman remarked, “The DoC of Sloanea-1 affirms the field’s economic feasibility towards its development and commercialisation. This milestone underscores the ...

26 July 2017 PETRONAS and its partners have decided not to proceed with the Pacific NorthWest LNG project at Port Edward in British Columbia, Canada. The decision was made after a careful and total review of the project amid changes in market conditions. PETRONAS’ Executive Vice President & Chief Executive Officer Upstream, Anuar Taib said, “We are disappointed that the extremely challenging environment brought about by the prolonged depressed prices and shifts in the energy industry have led us to this decision.” “We, along with our North Montney Joint Venture partners, remain committed to developing our significant natural gas assets in Canada and will continue to explore all options as part of our long-term investment strategy moving forward,” added Anuar. PETRONAS’ commitment in Canada continues through Progress Energy Canada Ltd and its world-class inventory of natural gas resources where the subsidiary plays a key role in supporting PETRONAS’ growth strategy in North America...

July 10, 2023 Black & Veatch, a global leader in liquefied natural gas (LNG) infrastructure solutions, in collaboration with Samsung Heavy Industries (SHI) of South Korea announced today it has been awarded a front-end engineering design (FEED) contract for the Ksi Lisims LNG nearshore floating production facility in northwest Canada. The Ksi Lisims LNG project represents the next generation of LNG export design, re-inventing the industry for environmentally sensitive and greenhouse-gas constrained development situations. Developed jointly by the Nisga’a Nation, Rockies LNG, and Western LNG, the project will be one of the most significant Indigenous-led infrastructure projects in Canadian history. Ksi Lisims (pronounced “s’lisims”) will be hosted by the Nisga’a Nation on their wholly-owned Treaty land. The project will use a floating LNG design to that improves the project economics, minimizes land impacts, and reduces construction related risk. With commercial operations anticipa...

May 19, 2025 TotalEnergies has signed a Sales and Purchase Agreement (SPA) with Ksi Lisims LNG for the purchase of 2 Mtpa of LNG for 20 years from the future liquefaction plant, subject to the final investment decision of the project. In parallel, TotalEnergies acquires a 5% stake in Western LNG, the developer, shareholder, and future operator of the Ksi Lisims LNG project. This acquisition grants TotalEnergies the option to increase its stake in Western LNG and/or take a direct stake in the plant up to approximately 10% when the final investment decision is made. The Ksi Lisims LNG project, a liquefied natural gas (LNG) plant with a capacity of 12 million tons per year (Mtpa), is located on the Pacific coast of Canada (British Columbia), giving it privileged access to Asia, the largest LNG market. Fully electrified and powered by hydroelectricity, Ksi Lisims LNG will be one of the lowest CO2-emitting LNG projects in the world. "This purchase of LNG from the future Ksi Lisims LNG...

June 30, 2025 LNG Canada has successfully loaded a first cargo of liquefied natural gas that is now destined for global markets, marking the start of operations at Canada’s first large-scale LNG export facility . The new LNG Canada export facility is located in Kitimat, British Columbia, in the traditional territory of the Haisla Nation. It is a long-life asset that will initially export LNG from two processing units or “trains” with a total capacity of 14 million tonnes per annum (mtpa). “Today is a historic moment for LNG Canada and our five joint venture participants (JVPs), Haisla Nation, the District of Kitimat, British Columbia and all of Canada,” said Chris Cooper, LNG Canada President and CEO. “We began with a clear vision: To work side-by-side with First Nations and local communities as the catalyst for a thriving new energy sector in Canada, and to set a new standard for safe and responsible LNG production. As world events continue to demonstrate, a reliable supply of respons...

May 1, 2025 Under the patronage of His Excellency Eng. Salim bin Nasser Al Aufi, Minister of Energy & Minerals of the Sultanate of Oman, Patrick Pouyanné, Chairman and CEO of TotalEnergies, and Ahmed Al Azkawi, OQ Exploration and Production CEO, celebrated the ground-breaking of the Marsa LNG plant , in the port of Sohar, northern Oman, one year after the Final Investment Decision. The 1 million ton per year (Mt/y) liquefaction plant is being built by Marsa LNG LLC, a joint company between TotalEnergies (80%) and OQEP (20%). The LNG production, which is expected to start in the first quarter of 2028, is primarily intended to serve the marine fuel market (LNG bunkering) in the Gulf. One of the lowest carbon intensity LNG plants in the world The Marsa LNG plant is fully electrified and combined with a 300 megawatt-peak (MWp) photovoltaic solar farm that will supply the equivalent of the plant’s annual energy needs. Marsa LNG will therefore be one of the lowest carbon intensity LNG pl...

April 21, 2025 TotalEnergies announces the start of production from the deepwater Ballymore field offshore U.S., in which the Company has a 40% interest alongside operator Chevron (60%). Located 120 kilometers off the Louisiana coast and launched in May 2022, Ballymore has a total daily gross production capacity of 75,000 barrels of oil per day and 50 million cubic feet of gas per day tied back to the Chevron operated Blind Faith floating production unit . At plateau, Ballymore will represent close to 30,000 boe/d net of cash-accretive production for TotalEnergies. The project utilizes existing infrastructure as well as standardized equipment to ensure lower development costs and lower emission intensity. “The start-up of Ballymore will increase TotalEnergies’ production capacity in U.S. deepwater to more than 75,000 boe/d and contribute to the Company’s targeted hydrocarbon production growth of over 3% in 2025”, said Nicolas Terraz, President, Exploration & Production at TotalEner...

April 15, 2025 TotalEnergies has signed a Sales and Purchase Agreement (SPA) with NextDecade to buy 1.5 million tons per annum (Mtpa) of liquefied natural gas (LNG) from the future Train 4 liquefaction unit at the Rio Grande LNG facility . The SPA, of a duration of twenty years, is subject to NextDecade taking a positive Final Investment Decision (FID) on Train 4. "We are pleased to sign with NextDecade a new 1,5 Mtpa SPA from the future Train 4 of Rio Grande. This agreement will enable NextDecade to progress towards the FID of the project and notably to start its financing process. Once effective, the agreement will help strengthen TotalEnergies' position to serve its customers with a competitive supply, as the leading exporter of LNG from the United States”, said Gregory Joffroy, Senior Vice President LNG at TotalEnergies. “TotalEnergies has been a key contributor to the success of Rio Grande LNG Phase 1, and we are pleased to be expanding our strategic partnership with Tota...

August 12, 2024 Chevron Corporation** (NYSE: CVX) announced today that it started oil and natural gas production from the Anchor project in the deepwater U.S. Gulf of Mexico. Anchor production marks the successful delivery of high-pressure technology that is rated to safely operate at up to 20,000 psi, with reservoir depths reaching 34,000 feet below sea level. “The Anchor project represents a breakthrough for the energy industry,” said Nigel Hearne, executive vice president, Chevron Oil, Products & Gas. “Application of this industry-first deepwater technology allows us to unlock previously difficult-to-access resources and will enable similar deepwater high-pressure developments for the industry.” The Anchor semi-submersible floating production unit (FPU) has a design capacity of 75,000 gross barrels of oil per day and 28 million gross cubic feet of natural gas per day. The Anchor development will consist of seven subsea wells tied into the Anchor FPU, located in the Green Canyon...

12/12/2019 Total announces the final investment decision (FID) to develop the Anchor oil field . Additionally, front-end engineering and design (FEED) has begun for the North Platte discovery. Both projects are located in the deepwater U.S. Gulf of Mexico, off the coast of Louisiana. FID for Anchor Project Total holds a working interest of 37.14% in Anchor, alongside operator Chevron (62.86%). The Anchor field will be developed with seven subsea wells connected to a semi-submersible floating production unit (FPU) with a capacity of 75,000 barrels of crude oil and 28 million cubic feet of gas per day. First oil is expected in 2024. Anchor will be the first development to use the high-pressure 20,000-pounds-per-square-inch (20 kpsi) technologies developed at industry level over the last few years. Total also holds interests with Chevron in other leases in the vicinity of Anchor with exploration potential. Any discoveries on those jointly owned leases could be tied back to the Anchor faci...

July 10, 2024 TotalEnergies joins, with a 10% interest, the Ruwais LNG project alongside national company ADNOC (60%), Shell (10%), bp (10%) and Mitsui (10%). Launched by ADNOC in June 2024, Ruwais LNG is a liquefied natural gas (LNG) project located in Al Ruwais Industrial city, in Abu Dhabi. The project includes two liquefaction trains with a total capacity of 9.6 million tons per year. Start-up is expected in the second half of 2028. The project applies the highest standards to reduce emissions: its full-electric liquefaction trains will be supplied with clean power by the UAE’s grid, making it one of the world’s lowest-carbon intensity LNG plants. The facility will also leverage the latest technologies to enhance safety, drive efficiency and minimize emissions. “We are delighted to join forces with our long-standing partner ADNOC on the development of this new LNG project. Last year at COP28, TotalEnergies and ADNOC both committed to lead the Oil & Gas Decarbonization Charter ...