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Commodity Pricing

Noia Reacts to Offshore Oil & Gas Announcement by Provincial Government

(St. John’s – September 24, 2020) Please find below statements from Noia Board Chair Karen Winsor and CEO Charlene Johnson regarding initiatives to support the offshore oil & gas industry announced today by Premier Andrew Furey.

“The program announced today by Premier Furey demonstrates a commitment to the offshore oil and gas industry, its future, the people who work in the industry, and the supply and service sector which Noia proudly represents. This action shows that Premier Furey and the Government of Newfoundland and Labrador recognize the importance of this industry as a contributor to the economy, the provincial treasury, and the people of our province. I thank the Premier for his approach, his willingness to listen, and his support of the offshore.” — Karen Winsor, Chair, Noia Board of Directors

“Our discussions with Premier Furey and Minister Parsons about how we can help our offshore oil and gas industry have been productive and I thank them for recognizing the importance of this issue and for finding a made in Newfoundland and Labrador solution. By using funds already committed to the industry to help encourage further offshore exploration, the provincial government has created a program that will attract investment and increase our global competitiveness. This is a positive step for our offshore oil and gas industry and Noia anticipates seeing the parameters of the program. As our industry is in a crisis situation there remains much work to be done and we look forward to working with the provincial government on a range of issues and initiatives that get people back to work, drive offshore exploration, and ensure we have a thriving and dynamic offshore industry.” — Charlene Johnson, CEO, Noia

The Newfoundland and Labrador Oil and Gas Industries Association (Noia) was founded in 1977 to represent the supply and service sector of the offshore oil and gas industry. Today, Noia represents almost 500 member organizations worldwide which are involved in, or benefit from, the oil and gas industry of Newfoundland and Labrador. Noia members are a diverse representation of businesses that range from offshore supply boats and helicopters, health and safety equipment and training, engineering solutions and fabricators to law firms and personnel agencies.