CALGARY – One of Canada’s richest families is buying Newfoundland and Labrador’s only oil refinery, which will be a “building block” in a larger strategy to process more Canadian oil. Saint John, N.B.-based Irving Oil announced Thursday plans to buy North Atlantic Refining Corp. and its Come By Chance, Nfld. refinery from New York-based investment […]
Opposition PCs raise questions about possible sale, and what it might mean for refinery In another shakeup in the Newfoundland and Labrador oil sector, Irving Oil announced Thursday that it has reached an agreement to purchase the idled refinery at Come By Chance. In a news release late Thursday morning, New Brunswick-based Irving Oil confirmed it […]
The Newfoundland and Labrador government wants Ottawa to “step up” and provide financial support to the province’s beleaguered energy sector, or risk losing the industry to other countries with more attractive incentives. Premier Dwight Ball and Natural Resources Minister Siobhan Coady joined a host of oil and gas industry players Tuesday for a public plea […]
The provincial government is joining a united front seeking help from the federal government to support local oil and gas in what is being termed an industry “crisis.” Natural Resources Minister Siobhan Coady and Premier Dwight Ball were joined by a host of industry players in making the announcement this afternoon. The downturn in the […]
By Charlene Johnson, Chief Executive Office, Noia Canada’s offshore oil and gas industry, like so many industries in Canada, is in crisis. Jobs that may never return are being lost in the thousands. Development projects have been put on hold or cancelled, leaving their futures in a perilous situation. Exploration, the driving force of the […]
CALGARY – The operators of the $9.7-billion Sturgeon Refinery say it is now processing oilsands bitumen as designed after two years of delays blamed mainly on equipment failures. According to an update on its website, the refinery northeast of Edmonton is “now fully operational,” having switched to bitumen feedstock in April for its production of […]
Decision a blow to companies that had requested the CER postpone the hearing process until the end of the pandemic CALGARY — In the latest round of a protracted regulatory fight, the Canada Energy Regulator said it’s proceeding with Enbridge Inc.’s request for a hearing that could dramatically change the way the country’s largest oil […]
Aging Terra Nova FPSO may not be the biggest, but its loss for up to 2 years will be costly Instead of producing oil offshore Newfoundland, the Terra Nova FPSO may soon become a longer-term fixture in Conception Bay, or dockside at a port like Bay Bulls. That’s not a good scenario for Newfoundland and […]
Oil and gas players in Newfoundland and Labrador are pushing the federal government for an incentive programme they hope will salvage exploration and development projects off the Eastern Canadian province, many of which have been cancelled or delayed amid the Covid-19 pandemic. A proposal recently unveiled by the Newfoundland and Labrador Oil and Gas Industry […]
More than 800 take part in virtual town hall to raise awareness about crisis in the oil sector A virtual town hall hosted Thursday by a St. John’s-based oil industry lobby group turned into a booster session for federal cabinet minister Seamus O’Regan, who is under intense pressure to deliver a lifeline to the beleaguered […]
