Atlantic Canada has one of North America’s fastest growing offshore oil and gas sectors. It is estimated there are about 120 trillion cubic feet of natural gas and eight billion barrels of oil offshore in Nova Scotia. As such, companies are investing in petroleum geology research, oil prospecting and drilling, oil and gas development, and liquefied natural gas (LNG) facilities.
Projects like the 014B Hebron Oil project in Newfoundland and Labrador are big, as are three LNG facilities proposed for Nova Scotia:
- the 08.3B Pieridae Energy project
- the 03B H-Energy LNG plant
- and the 02B Bear Head export terminal
The LNG terminals plan to source gas internationally and locally from Encana’s Deep Panuke and ExxonMobil’s Sable Offshore Energy projects.
Nova Scotia is also seeing an exploration boom. Shell and BP are spending 01B each on offshore projects. Both companies have completed 3D seismic surveying and drilling targets are being identified.
Shell and BP seismic programs employ hundreds of people in key logistics, environmental assessment, and support roles.
Other local companies involved include:
- Atlantic Towing Inc.
- Cougar Helicopters
- Mathers Logistics
- Secunda Marine
- Superport Marine Services
- Survival Systems Training Ltd.
Oil & Gas Projects:
- Shell Offshore Parcels: Shelburne Basin
- BP Offshore Parcels: Scotian Basin
- Exxon Mobil's Sable Offshore Platform: Thebaud Central Processing Facility
- Deep Panuke Offshore Platform
- Newfoundland Offshore Oil Projects: Hebron Oil, White Rose, Others
- Bear Head, owned by LNGN Limited, proposed facility: Port Hawkesbury, Nova Scotia
- H-Energy's proposed LNG Facility: Melford, Nova Scotia
- Pieridae Energy's proposed LNG Facility: Goldboro, Nova Scotia
View Oil & Gas projects on the Energy map »