Chevron relinquished the final 23 permits this month, Energy and Natural Resources Minister Jonathan Wilkinson said. A total of 227 permits had been granted prior to a 1972 moratorium on oil and gas exploration off the country’s West Coast.
The Canadian government is working to provide environmental protection for the ecologically rich waters off its west coast.
Calgary-headquartered Chevron Canada announced its decision to voluntarily relinquish the assets on February 9, emphasising its commitment to the responsible development of energy resources. Its current activity includes projects in the oil sands and in Alberta shale acreage, as well as E&P developments off the coast of the eastern province of Newfoundland and Labrador.
Image courtesy of Chevron Canada.
Hungarian refiner Mol Nyrt has inaugurated a USD 1 Read More
Mubadala Energy has made a major deepwater gas find off Indonesia with a potential of at least 56 Read More
Kuwait Petroleum Corporation (KPC) has renewed a contract to supply 300,000 bopd to Unipec, local media reported on Monday Read More
Eni is considering spinning off new satellite companies for high-investment oil and gas projects, including ones in Indonesia and Côte… Read More
ADNOC Drilling announced on Monday it has secured a "transformational" USD 1 Read More
QatarEnergy has signed a farm-in agreement with ExxonMobil to acquire a 40% participating interest in two exploration blocks offshore Egypt,… Read More
This website uses cookies.