The Honourable Andrew Furey, Premier of Newfoundland and Labrador, today announced support for the Hibernia Project – the second proposal to be funded under the Oil and Gas Industry Recovery Assistance Fund. Premier Furey was joined virtually by the Honourable Andrew Parsons, Minister of Industry, Energy and Technology; the Honourable Seamus O’Regan, federal Minister of […]
Norway’s supreme court upheld government plans for Arctic oil exploration on Tuesday, dismissing a lawsuit by campaigners who said they violated people’s right to a healthy environment. While most of Norway’s oil output flows from south of the Arctic, the government believes the greatest untapped potential lies in the Barents Sea off Europe’s northernmost coast. […]
It’s mid-morning at Crosbie Group on Hebron Way in St. John’s, and a team meeting in the boardroom features some very familiar chatter. Chief operating officer Mark Collett asks one of his vice-presidents, Jeremy Whittle, about progress in recruiting a new rope access crew for the offshore. “They’re actually working right now. We’ve got crews […]
Will aim to create opportunities to collaborate, avoid duplicating services of existing resources A new project in Newfoundland and Labrador is all about helping technology companies collaborate, create and lead the way in the province’s economic future. On Thursday, TechNL and a group of partner organizations shared preliminary details on a plan to create a […]
The city’s downtown office vacancy problem was already dire, but it’s about to get even worse With Zoom calls and work-from-home measures dominating work life for so many people this year, there has been concern in every major city about how that could reduce demand for office space. In Calgary, where the downtown office vacancy […]
The Honourable Andrew Parsons, Minister of Industry, Energy and Technology, today announced the deadline for the $30 million Small Business Assistance Program has been extended to December 22, 2020. The program, which remains available on a first come, first served basis, includes $25 million for eligible small businesses and $5 million for eligible community organizations. […]
Combined company would create the third-largest Canadian oil and natural gas producer Husky Energy Inc. shareholders have approved a $3.8-billion all-share takeover bid by rival Cenovus Energy Inc., hours before Cenovus shareholders are widely expected to do the same. The endorsement by Husky investors was resounding, with more than 95 per cent of votes cast […]
CALGARY (Bloomberg) –After years in the shadow of the U.S. shale boom, the Canadian oil sands are emerging from 2020’s historic market crash with a slew of upbeat outlooks from Wall Street equity analysts. Morgan Stanley and Goldman Sachs Group Inc. are the latest firms to point out the industry’s ability to generate healthy cash […]
Energy Minister Andrew Parsons says news of 75 layoffs linked to the West White Rose project a day after Husky Energy got $41.5-millionto keep 330 others employed was a terrible case of bad timing. Parsons says he only found out about the layoffs 24 hours after making the big Husky announcement, adding even senior Husky […]
The world is on track to run out of sufficient oil supplies to meet its needs through 2050, despite lower future demand due to the Covid-19 pandemic and the accelerating energy transition – unless exploration speeds up significantly and capital expenditure of at least $3 trillion is put to the task, a report by Rystad […]
