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West White Rose offshore oil project

Husky Energy is getting $41.5 million from the Newfoundland and Labrador government to keep the idled West White Rose offshore oil project going, particularly to protect the option of. A global downturn in the oil and gas sector and poor commodity prices further complicated the project's future. Located in the Jeanne d'Arc Basin, approximately 350 kilometres east of the island, the West White Rose project would have expected peak capacity of 75,000 barrels of oil per day With an expected peak capacity of 75 000 bpd (approximately 52 500 bpd Husky working interest), West White Rose is designed to produce light crude oil at low incremental cost and with lower greenhouse gas emissions intensity than other North American crude oil projects

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The West White Rose Project will be developed through a fixed drilling platform consisting of a concrete gravity structure (CGS), and an integrated topsides facilities, which includes the Living Quarters (LQ) module. The LQ module will be constructed at the Kiewit Offshore Services facility, located in Marystown, approximately 300 km from St. 2017 White Rose Expansion Project Framework Second Amending Agreement (503 KB) In 2003 and 2006, exploration drilling in and around the White Rose field led to the discovery of a new field North Amethyst and the increase in understanding of two oil pools which are part of the existing project: West White Rose and the South White Rose Expansion Husky's West White Rose project half way there. Canadian oil company Husky Energy has said that the development of its West White Rose offshore oil field project has passed a 52% completion mark. Husky approved the West White Rose development in May 2017. The West White Rose field in Canada's Atlantic is being developed using a fixed.

The West White Rose project represents a significant investment for the local energy industry, and getting it moving again protects skilled jobs now, and creates jobs for the future. The offshore oil and gas industry has an important role to play in helping Newfoundland and Labrador and Canada achieve emissions reduction targets, while also. Charlene Johnson, CEO of the Newfoundland and Labrador Oil and Gas Industries Association, said The West White Rose project represents a significant investment for the local energy industry. Unifor supports the Canadian offshore oil industry and the thousands of good jobs it generates. The West White Rose project is important to Canada's energy future. We support strategic public investments to protect good jobs and help the industry innovate. - Jerry Dias, Unifor National Presiden Canadian oil and gas company Husky Energy will be reviewing its West White Rose offshore oil project in Canada's Atlantic region. Husky Energy said on Wednesday that the review followed the suspension of major construction activities in March due to the COVID-19 pandemic and the company's capital re-prioritization following the global economic downturn Husky Energy Inc. is asking the federal government and the province of Newfoundland and Labrador to make a direct investment in its partly completed $2.2-billion West White Rose offshore oil.

West White Rose project owner Cenovus Energy releases 2021

There are immediate implications for Newfoundland and Labrador from a major shakeup in the Canadian oil sector, with Husky Energy confirming construction on the stalled West White Rose extension project will not resume in 2021.The decision follows news on Sunday that Husky is being purchased by rival Cenovus Energy in an all-stock, $3.8-billion deal between the two Calgary-based businesses. Prior to the decision to stop the West White Rose works, and prior to the recent budget cuts, the oil company had budgeted $1,075 - $1,150 million in Atlantic for 2020, primarily for the construction of the West White Rose Project. We are taking the steps necessary to keep our people and our construction sites safe, said CEO Rob Peabody Offshore staff. CALGARY, Canada - Husky Energy is reviewing its West White Rose field development in the Jeanne d'Arc basin offshore Newfoundland and Labrador.. The company suspended major construction activities in March due to the spread of COVID-19. A full review of scope, schedule and cost of this project is critical, given the minimum one-year delay to first oil caused by COVID-19. Construction work in 2021 on Newfoundland and Labrador's beleaguered West White Rose offshore oil project is officially not happening, and what occurs beyond then will likely depend on a new owner's assessment of the economic landscape. Dual pieces of news shook the province on Sunday and Monday regarding the project

The West White Rose project is the catalyst for any further investment in the White Rose field and the SeaRose FPSO. The West White Rose project includes investing in projects that would allow. ST. JOHN'S, N.L. — An announced review by Husky Energy Inc. of its $2.2-billion West White Rose project off the coast of Newfoundland could be interpreted as a call for the province to take an equity stake to ensure it is built, an analyst says. Under a worst-case scenario, it could also signal the Calgary-based [ The West White Rose project will access further resources to the west of the field, using a fixed drilling rig tied back to the existing SeaRose FPSO. That platform is a mega world-class initiative and is being constructed in Argentia, Newfoundland right now. First oil is expected in 2022

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He also suggested that under a worst-case scenario, it could also signal Husky's option to eventually shut down or sell the currently producing White Rose offshore oil project itself. West. Dec 3, 2020 5:01 PM By: Canadian Press. ST. JOHN'S, N.L. — Husky Energy will receive $41.5 million in federal money to maintain jobs and move toward restarting its West White Rose offshore oil project in Newfoundland and Labrador, although officials admit a restart is not certain. Newfoundland and Labrador Premier Andrew Furey made the.

Husky Energy to review West White Rose offshore project

  1. The company announced this week it will take a $425-million impairment charge on its shares in the White Rose oil assets in offshore Newfoundland, and the stalled West White Rose expansion project
  2. West White Rose Living Quarters - Oil and Gas Offshore Construction. Sidebar
  3. g Thursday morning regarding Husky Energy's stalled West White Rose offshore oil project. Premier Andrew Furey, Energy Minister Andrew Parsons and Federal Natural Resources Minister Seamus O'Regan will be joined by Husky's senior vice-president for the Atlantic region, Jonathan Brown, as well as Karen Winsor, co-chair of the province's oil and gas recovery task.
  4. Husky Energy has launched a review of its C$2.2bn ($1.67bn) West White Rose Project offshore Newfoundland and Labrador in Canada citing the prevailing Covid-19 pandemic and prolonged market uncertainty. Slated to begin production in 2022, the offshore oil project in the Atlantic region has been in suspension since March 2020 due to the.
  5. The White Rose field and satellite extensions are located in the Jeanne d'Arc Basin, 350 km east of Newfoundland and Labrador in approximately 120 m of water. The West White Rose Project will be developed through a fixed drilling platform consisting of a concrete gravity structure (CGS), built by the SNC-Lavalin- Dragados-Pennecon General.
  6. Husky Energy says its half-built $2.2 billion West White Rose offshore oil project in Newfoundland and Labrador won't see any further construction in 2021. The company said Oct. 26 it's considering abandoning the project altogether as it reviews its operations in the province. That news comes a day after Cenovus Energy announced it was.

Limited government aid for Canada's offshore oil industry has left the 75,000 b/d West White Rose oil project on the Grand Banks of Newfoundland in mothballs, under review and liable to be canceled Husky Energy is getting $41.5 million from the Newfoundland and Labrador government to keep the idled West White Rose offshore oil project going, particularly to protect the option of re-starting in 2022 — although there is no guarantee that will happen Image Credit - Global News . According to the latest reports, Husky Energy is all set to receive $41.5 million in federal money to maintain jobs and then move towards restarting its West White Rose offshore oil project in Newfoundland and Labrador, although the officials shave admitted a restart is not certain

Canada's Husky Energy to 'Review' West White Rose Offshore

While the asset is currently producing, the West White Rose Project was intended to access 200 million barrels (gross) of crude oil and extend the life of the White Rose field by approximately 14 years. However, the recent acquisition of the operator has cast significant doubt on the future of the West White Rose Project White Rose is an oil field development project 350 kilometres off the coast of Newfoundland. Husky Energy is the operator and 72.5 per cent interest holder in the White Rose oil fields.. Discovered in 1984, the White Rose offshore oil field is located in the Jeanne d'Arc Basin, 350 km east of St. John's, Newfoundland and Labrador, Canada.The field consists of both oil and gas pools, including.

Husky Energy reviewing way forward for West White Rose

Husky Energy will receive $41.5 million in federal money to maintain jobs and move toward restarting its West White Rose offshore oil project in Newfoundland and Labrador, although officials admit. Canadian oil and gas company Husky Energy will be reviewing its West White Rose offshore oil project in Canada's Atlantic region. Husky Energy said on Wednesday that the review followed the suspension of major construction activities in March due to the COVID-19 pandemic and the company's capital re-prioritization following the global economic downturn

The Honourable Andrew Furey, Premier of Newfoundland and Labrador, today announced support for the West White Rose Project - the first project to be funded under the Oil and Gas Industry Recovery Assistance Fund (Fund). Husky Energy on behalf of the West White Rose partners will receive $41 ST. JOHN'S, N.L.—Husky Energy will receive $41.5 million in federal money to maintain jobs and move toward restarting its West White Rose offshore oil project in Newfoundland and Labrador, although officials admit a restart is not certain West White Rose is located in the Jeanne d'Arc Basin, 350 kilometres east of Newfoundland and Labrador in approximately 120 metres of water, is 60 per cent complete, the company said. Husky is managing the project on behalf of its partners Suncor Energy Inc. and Nalcor Energy Husky moving forward on $2.2B West White Rose offshore oil project. Husky Energy says the project will cost $2.2 billion to first oil and is expected to create about 250 permanent platform jobs.

Husky Suspends White Rose Expansion on Pandemic Concerns

Husky Energy will receive $41.5 million in federal money to maintain jobs and move toward restarting its West White Rose offshore oil project in Newfoundland and Labrador, although officials admit a restart is not certain.. Newfoundland and Labrador Premier Andrew Furey made the funding announcement Thursday at Husky's offices in downtown St. John's The West White Rose project is the catalyst for any further investment in the White Rose field and the SeaRose FPSO. The West White Rose project includes investing in projects that would allow the continued employment of the SeaRose floating production storage and offloading unit to serve the entire field The Honourable Andrew Furey, Premier of Newfoundland and Labrador, today announced support for the West White Rose Project - the first project to be funded under the Oil and Gas Industry Recovery Assistance Fund (Fund). Husky Energy on behalf of the West White Rose partners will receive $41.5 million (50 per cent of total project costs) to. White Rose offshore oil project Image: Husky Energy. Suncor Energy Inc. is reporting a fourth-quarter net loss of $168 million or 11 cents per share, compared with a net loss of $2.34 billion or $1.52 in the same period of 2019. The company says the loss includes a $423-million after-tax asset impairment charge, along with a $142-million.

What's on the horizon for Newfoundland and Labrador's 2021

Husky Energy's West White Rose offshore oil project faces

Husky's $1.2-billion offshore oil project called West White Rose. Photo by Pennecon Limited Article content. CALGARY — Work will not resume on a troubled Newfoundland and Labrador offshore oil project soon despite $320 million in new industry subsidies from Ottawa Husky Energy is getting $41.5 million from the Newfoundland and Labrador government to keep the idled West White Rose offshore oil project going, particularl West White Rose had been put on hold in 2014, but in May 2017 operator Calgary-based Husky Energy Inc., together with project partners Suncor Energy and Nalcor Energy, greenlighted the investment: at a cost of $3.2 billion to reach first oil date of 2022, West White Rose is a go The original White Rose project is still producing oil but the West White Rose project is needed to access up to 200 million barrels of crude oil and extend the life of the White Rose field by. The West White Rose project is the catalyst for any further investment in the White Rose field and the SeaRose FPSO. 2:14 Husky Energy's oil spill off NL created environmental and political mes

White Rose Oil and Gas Field - Offshore Technology Oil

ST. JOHN'S, N.L. — Husky Energy will receive $41.5 million in federal money to maintain jobs and move toward restarting its West White Rose offshore oil project in Newfoundland and Labrador. CALGARY — Suncor Energy Inc. says it will take a $425-million impairment charge related to its stake in the White Rose offshore oilfield and West White Rose expansion project. While White Rose is currently producing, the $2.2-billion West White Rose Project was intended to access 200 million barrels of crude oil and extend the life [

Another setback for West White Rose as Suncor recordsBull Arm for sale? Nalcor not ruling out any options for

West White Rose gets the go-ahead offshore eastern Canad

The money, however, will not resume construction of a stalled and underrated offshore oil project called West White Rose this year or even next, according to a prominent supporter of the project. The money keeps the project alive, one of the largest offshore operations in Newfoundland and Labrador, for now Husky Energy reviewing way forward for West White Rose project off Canada. Friday, September 11 2020. Canada based oil and gas company Husky Energy is reviewing its West White Rose field development in the Jeanne d'Arc basin offshore Newfoundland and Labrador due to the spread of COVID-19. Husky announced the review, which follows the. After its competition it will be mated with a 30,000 tonne topsides and installed in the White Rose field, which is projected to take place in 2022.The CGS supported wellhead platform will allow for the drilling and extraction of oil in the Atlantic Ocean, approximately 350km away from the coast of Newfoundland

ST. JOHN'S, N.L. - Husky Energy Inc. is asking the federal government and the province of Newfoundland and Labrador to make a direct investment in its partly completed $2.2-billion West White Rose offshore oil project. The Calgary-based oil and gas producer said Wednesday it is putting the project - and by extension all of its investments. The Hibernia offshore project led by ExxonMobil Canada is 8.5% owned by the federal government. The statement confirms speculation by analyst Phil Skolnick of Eight Capital in a report on Sept. 9 that the review announcement could be interpreted as a call for the province to inject money to ensure West White Rose is built Employing our network of global staff, we are providing pre-Front End Engineering Design (pre-FEED), FEED, and detailed engineering design (DED) services for a Concrete Gravity Sub-structure (CGS) Wellhead Platform (WHP) to enable extension of the existing White Rose oil field, situated approximately 350km offshore east-southeast of St. John's, Newfoundland in the Jeanne d'Arc Basin

West White Rose offshore project suspended Oilfield

The West White Rose project, in one of Canada's poorest regions, would add 75,000 barrels a day of production and generate C$3bn (US$2.3bn) in royalties while supporting thousands of local jobs. Husky Energy is reviewing the West White Rose Project in Canada's Atlantic region, offshore Newfoundland. The review follows the suspension of major construction activities in March due to the COVID-19 pandemic and the Company's capital re-prioritization following the global economic downturn West White Rose Wellhead Platform Marystown, Newfoundland. Husky is expanding its White Rose development to include the North Amethyst, West White Rose and South White Rose satellite fields. This fixed-wellhead platform will access reserves in the West White Rose field, which is estimated to hold nearly 115 million barrels of oil Image Credit - Global News . According to the latest reports, Husky Energy is all set to receive $41.5 million in federal money to maintain jobs and then move towards restarting its West White Rose offshore oil project in Newfoundland and Labrador, although the officials shave admitted a restart is not certain

Rotterdam, the Netherlands, 18 October 2018 - Van Oord has been awarded the contract to carry out offshore installation works for the West White Rose Project of the east coast of Newfoundland, Canada. The project will give operator Husky Energy access to resources west of the existing White Rose field. The West White Rose Project will be developed by means of a fixed oil drilling platform. The future of the West White Rose oil expansion off the shore of Newfoundland and Labrador remains in jeopardy, Suncor Energy Inc. said Monday evening, as it announced it would take a $425-million impairment charge on the project and the field in which it is located. Suncor holds a 26-per-cent stake in the West White Rose expansion The West White Rose Project will be developed by means of a fixed oil drilling platform consisting of a Concrete Gravity Structure (CGS) supporting an integrated drilling and production topsides. This fixed drilling platform will be tied back to the existing SeaRose floating production, storage and offloading (FPSO) vessel

Cenovus, meanwhile, said more review would be done of the West White Rose project, which at a cost of C$2.2 billion ($1.6 billion) aims to raise the Atlantic oilfield's production into the. SNC-Lavalin, Dragados Canada and Pennecon Ltd., through their General Partnership, have been awarded a construction contract from Husky Energy as part of the company's West White Rose Project in Newfoundland and Labrador.. The General Partnership will build a concrete gravity structure for a fixed drilling platform with an overall height of 145m and base diameter of 122m

West White Rose project suspended for rest of 2020; first

Husky Energy, on behalf of the West White Rose Project (WWRP) proponents, Husky, Suncor Energy Inc. (Suncor) and Nalcor Energy - Oil and Gas Inc. (Nalcor), is leading the development of the WWRP. The White Rose field and satellite extensions are located in the Jeanne d'Arc Basin, 350 km east of Newfoundland and Labrador in approximately 120. On Wednesday, Husky Energy announced that it will carry out a review of the massive West White Rose extension, a $2 billion-plus offshore oil project involving thousands of jobs

Project Information - West White Rose Living Quarter

Husky Energy (OTCPK:HUSKF +2.8%) says it will receive C$41.5M in federal funding to maintain jobs and move toward restarting its West White Rose oil project offshore Newfoundland and Labrador. Commercial oil production from the White Rose field began in November 2005. Share this article in your social network Share this Story: Husky Oil to proceed with West White Rose project off. Husky Energy will receive $41.5 million in federal money to maintain jobs and move toward restarting its West White Rose offshore oil project in Newfoundland and Labrador, if conditions permit Husky Energy Inc. expects to start oil production from its West White Rose project offshore Newfoundland and Labrador in 2022 with a gross peak production rate of 75,000 b/d in 2025 Canadian oil and gas producer Husky Energy Inc said on Monday it is proceeding with its $2.2 billion West White Rose project in offshore Newfoundland and Labrador

Video: White Rose Expansion - Industry, Energy and Technolog

ST. JOHN'S, N.L. — Husky Energy will receive $41.5 million in federal money to maintain jobs and move toward restarting its West White Rose offshore oil project in Newfoundland and Labrador, if conditions permit. Newfoundland and Labrador Premier Andre TechnipFMC has been awarded an Engineering, Procurement, Construction and Installation (EPCI) contract from Husky Energy for the West White Rose project in Eastern Canada. By Alan Shields 29/08. Husky has a 60 per cent working interest, which would result in net output of up to 52,500 barrels per day if the project is completed. Due to the short offshore weather window needed for construction, the suspension in March meant that West White Rose is delayed for at least a year (CP) ST. JOHN'S, N.L. - Husky Energy will receive $41.5 million in federal money to maintain jobs and move toward restarting its West White Rose offshore oil project in Newfoundland and Labrador, although officials admit a restart is not certain. Newfoundland and Labrador Premier Andrew Furey made the fundin

The West White Rose Project is located in the Jeanne d'Arc Basin, 350 kilometers to the east of Newfoundland and Labrador at a water depth of 120 meters. conventional and offshore crude oil. The Procurement function on the West White Rose Project will be undertaken from the Mount Pearl Project office and Argentia Construction Site office. The Procurement objective is to purchase goods or services from technically and commercially acceptable eligible sources that afford the greatest benefit to the Project, taking into consideration. West White Rose Project Off Newfoundland at Risk of Cancellation. Facing a minimum 1-year delay to startup, Husky Energy discussed the West White Rose extension project's challenges and risks with Canadian local and federal governments. Cancellation is a possibility, according to a Husky executive

Canadian oil and gas producer Husky Energy Inc said on Monday it is proceeding with its $2.2 billion West White Rose project in offshore Newfoundland and Labrador. Husky said that first oil is. Husky Energy (TSX: HSE) has announced a review of the West White Rose Project in the Atlantic region. The company said the review follows the suspension of major construction activities in March. But recent news that Husky Energy is considering axing its $2.2-billion West White Rose offshore oil project grabbed most of the attention. The company says it's reevaluating its operations in the province and is asking for a government buy-in on the project, which is already more than halfway finished A General Partnership that includes SNC-Lavalin, Dragados Canada and Pennecon Ltd. has been awarded a construction contract from Husky Energy as part of the company's West White Rose Project in Newfoundland and Labrador.. The GP will build a concrete gravity structure (CGS) for a fixed drilling platform. The CGS, with an overall height of 145m and base diameter of 122m, will require 76,000m3. When the West White Rose project was sanctioned three years ago, Husky said it would have a 25-year lifespan, produce more than 180 million barrels of oil, and deliver between $3 billion and $4 billion in economic benefits for the province in the form of royalties, taxes and equity payments

The West White Rose project is important to Canada's energy future. We support strategic public investments to protect good jobs and help the industry innovate. The offshore oil and gas. While White Rose is currently producing, the $2.2-billion West White Rose Project was intended to access 200 million barrels of crude oil and extend the life of the White Rose field by about 14 years In a press release this morning, Husky claims that West White Rose, with an expected peak capacity of 75,000 barrels of oil per day, was designed to produce light crude at low incremental cost and with greenhouse gas emissions. lower greenhouse gas emissions than other North American oil projects.