Despite shelving West White Rose for the 2021 construction period, Husky executives remain optimistic about the future of the project. Earlier this week, it was announced that Husky was being bought out by Cenovus Energy Inc. in an all-stock deal valued at $23.6-billion. At a teleconference yesterday regarding Husky’s third-quarter results, CEO Rob Peabody explained […]
(Oct. 29, 2020) Equinor (60%), and its partner BP Canada (40%), have made two oil discoveries offshore Newfoundland, Canada. The two wells at the Cappahayden and Cambriol prospects, drilled this summer in the Flemish Pass Basin, have proven the presence of hydrocarbons; however, it is too early to provide specific information on volume
(St. John’s, NL – October 29, 2020) Please find below a statement from Noia CEO Charlene Johnson regarding the announcement today from Equinor and partner BP Canada regarding oil discoveries in the Flemish Pass Basin. “The announcement today by Equinor and partner BP Canada that oil has been discovered at the recently drilled Cappahayden and […]
West White Rose project supports families and communities in Newfoundland and Labrador, organization says An organization representing Newfoundland and Labrador’s skilled-trades workers is dismayed by news that construction work on Husky Energy’s West White Rose project won’t go ahead in 2021. In a news release issued early Monday evening, Trades NL said thousands of Newfoundland
Noia’s Fall Seminar 2020 Not your typical virtual event For the oil and gas industry, 2020 has been a devastating year. The COVID-19 pandemic and collapse of oil prices have had significant impacts for our industry, Noia members, and Noia itself. Over the last eight months Noia has diligently worked to help our members and […]
Husky hopes some federal money can be used to secure long-term success of White Rose field There are immediate implications for Newfoundland and Labrador from a major shakeup in the Canadian oil sector, with Husky Energy confirming construction on the stalled West White Rose extension project will not resume in 2021. The decision follows news […]
In his second time speaking to Newfoundland and Labrador issues this week, Prime Minister Justin Trudeau has addressed the challenges facing the province and the need to navigate toward a changing future, particularly for the oil and gas sector. The challenges in that sector are many, and have been loudly articulated by the industry over […]
Potential buyer makes plea for refinery to be kept in ‘warm idle’ mode to allow for quick restart The owner of the idled Come By Chance oil refinery has asked the utility regulator in Newfoundland and Labrador to “expeditiously” increase certain fuel prices. That’s because the company says its costs to supply the market have […]
Chinese company ‘very interested’ in province’s new exploration incentive program, says energy department The province’s oil and gas association is heralding a new drilling contract in the Flemish Pass as a rare victory for the struggling Newfoundland and Labrador offshore oil industry. CNOOC Petroleum North America is set to create a single exploration well in […]
CEO says move part of a strategy to diversify local economy ARGENTIA, N.L. — Port of Argentia is hoping its strong southwest winds can convince an Alberta energy company to invest millions of dollars in the local economy. On Monday, the organization announced the signing of a memorandum of understanding (MOU) with Clem Geo-Energy Corp. […]
