LNG Canada ships its first LNG cargo from a new facility in Kitimat, British Columbia. Activity is increasing on the East Coast with a focus on offshore natural gas exploration. The Nova Scotia province is re-entering petroleum exploration for the first time since 2018. The Canada-Nova Scotia Offshore Energy Regulator issues a call for bids for offshore oil and gas exploration on 13 parcels totaling over 3.3 million hectares.

The Maritime province of Nova Scotia is returning to petroleum exploration while aiming to reach 80% renewable energy consumption by 2030. Offshore natural gas exploration is seen as a major economic opportunity. Nova Scotia is planning to stop using coal for electricity by 2030. Offshore wind is also part of the province’s energy strategy.

Equinor is developing the Bay du Nord oil project off the coast of Newfoundland and Labrador. The project is expected to be one of the world’s lowest-carbon projects per barrel of oil. ExxonMobil discovers 75 million barrels of oil at its Hibernia and Hebron fields in Newfoundland and Labrador. The company is exploring untapped reservoirs and fault blocks for additional discoveries.

Read more at Yahoo Finance: Nova Scotia Eyes Return to Offshore Natural Gas Exploration