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Energy News

KCA Deutag Clinches Contract from ExxonMobil

UK-based KCA Deutag has been awarded a contract with ExxonMobil to perform drilling operations and maintenance services on the Hebron Platform, lasting a total of 12 years. This expansion represents an extension of the work done for the Hebron project by RDS, the rig engineering and design division of KCA Deutag.

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CGI renews contract with EDP

CGI has signed a four-year contract with EDP, a leading European energy producer. CGI will provide EDP with datacentre and infrastructure management services. The contract will extend the existing relationship between CGI and EDP, and will enable EDP to reduce costs while benefitting from a more flexible infrastructure management model.

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Shell signs agreement to advance major clean energy project

Shell is moving the Peterhead Carbon Capture and Storage project at Peterhead into the next phase of design. The goal of the project is to capture 10 million tonnes of CO2 over 10 years, and would be the first industrial-scale carbon capture program at a gas power station anywhere in the world.

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Canada invests in marine energy research

The Canadian Government has announced new funding for projects in the tidal energy sector. More than $4 million (£2.2 million) in will go toward increasing the Fundy Ocean Research Centre for Energy in Nova Scotia. A number of international players have been attracted to the research centre. OpenHydro and Black Rock Tidal Power won their bids to participate in the research project.

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Rio Tinto gives stake in mine to Alaskan charities

Rio Tinto has gifted its 19.1% holding in Northern Dynasty Minerals to two Alaskan Charities, the Alaska Community Foundation and the Bristol Bay Native Corporation Education Foundation. The donation comes after a strategic review of investment in the mine.

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Northern Petroleum shares on the rise after concept well success

Northern Petroleum’s concept drilling program has been proven a success, leading to a rise in NOP’s shares this week. In addition to the success of the drilling programme, the operation discovered the first new oil pool in the Virgo area in five years. NOP has increased its land position and with it its oil in place. NOP shares are expected to continue to rise.

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Member News

Former finance minister Jim Flaherty passes away in Ottawa

Former Canadian finance minister Jim Flaherty passed away shortly after stepping down from the office. Friends and fellow officials spoke out about Mr Flaherty's contributions to the Canadian and international economy.

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Liberals win Quebec provincial election

Having won 41% of the vote, the Quebec Liberal Party is set to form the majority in Legislative Assembly.  The incumbent Premier Pauline Marois resigned after her party’s defeat. The election campaign was dominated by debate on the Charter of Values and Quebec independence.

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Trade Minister calls for speedy conclusion to £1.3bn Canada-EU trade agreement

Lord Livingston made a 3-day visit to Canada, where he called for a speedy conclusion to a Canada-EU trade agreement which would see UK businesses benefit by £1.3 billion per year. The Minister also brought attention to the opportunities for investment through the Comprehensive Economic Trade Agreement (CETA).

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New research from EY says face to face marketing still rules

In-person networking has not been replaced by online tools, new research suggests. EY has commissioned the research which has produced a whitepaper, Fully Connected. The paper highlights the importance of face to face networking skills in a world increasingly dominated by online social media.

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