Happy Wednesday!
The Super Bowl of Energy or
CERAWeek started on Monday in Houston, Texas, and the US-Iranian War has been
the hot topic from the news we have been reading. Well, we read something a bit out of the
ordinary and decided we should pass it along.
Did anyone
happen to read the Offshore Daily Newsletter on March 25, 2026, their
article titled, “Canadian officials visit CERAWeek to promote energy
opportunities offshore Nova Scotia”? In
the article, it speaks on how Canadian and Nova Scotia representatives of the Canada-Nova
Scotia Offshore Energy Regulator (CNSOER) have been letting visitors at
CERAWeek know of the current opportunities offshore Nova Scotia on the Scotian
Shelf and Slope, and the regulatory environment is motivated to help them succeed,
as well as a supply chain is in place. Currently, 13 parcels of offshore are available
near Sable Island and adjacent areas and bids will be accepted until April 28th
(Please, click the link for more information: Petroleum-Related Call for Bids NS25-1P | CNSOER.). Offshore
of Nova Scotia is a rare opportunity to discover how much natural gas and oil is
in this minimally developed location; it is estimated there may be more than 45
to almost 150 trillion cubic feet of natural gas (yes, you read correctly
trillion), and around 20 to almost 50 billion barrels of oil according to the
article. It will be interesting to hear
who will approach this opportunity especially in light Canada buys their natural
gas from abroad. We will let you know,
if we hear anything else on this Canadian asset! If you would like to read more of the Oil
& Gas Journal’s article, please click the link: Canadian officials visit CERAWeek to promote energy opportunities offshore Nova Scotia |Offshore Magazine.
Don’t forget
to check out our ESC website or
contact us via the email in the Blog, if you have a hydrocarbon liquids
project you would like to see get off the ground or you would like to see
what’s under your feet to help with your emissions!
We hope you have a wonderful evening!
**Disclaimer: You may be charged a fee to read the
Offshore article. **