Saturday, April 9, 2022

Social Media On Bay Du Nord; Europe's Urgent Need For Natural Gas -- April 9, 2022

Updates 

April 10, 2022: update on Newfoundland and Labrador

Original Post

Previously posted

Equinor - Canada - Bay du Nord oil project: $12 billion project.

  • offshore; proposed by Equinor
  • approved by Canada
  • one wonders: would the US approve a $12 billion offshore oil project? 
  • my understanding: the US is not even approving leases for offshore projects already under development, but that needs to be fact-checked; that may be old news

Now, from Roy Johnston:

At $12 billioon, safe to say that Bay du Nord is Canada's first energy mega project sanctioned since LNG Canada. 

Interesting to read comments at the link. Some folks are eternal pessimists.

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Europe's Urgent Need For Natural Gas

Link here.

2 comments:

  1. I've done work up there. The Canadians are competent. But it can be very expensive to do business there, given the unions, shortage of trained labor, restrictions on bringing your own people in. On top of the weather and distance from Houston. I think it's the massive cost overruns that haven been holding back people from doing more in Canada. The Gulf of M is expensive, sure. That's nature of the beast for offshore. But Canada is worse. Look at their last few projects.

    ReplyDelete
    Replies
    1. Thank you. Your comment suggested I check up on something.

      This will provide more background: https://www.cbc.ca/news/canada/newfoundland-labrador/budget-mining-oil-1.6411747.

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