Exploration and development incentives unlikely, says industry association There’s mixed messages emerging from those lobbying for the federal government to deliver an aid package for Newfoundland and Labrador’s battered oil industry. The provincial offshore oil and gas association, known as Noia, is losing hope that Ottawa will come through with incentives for companies to explore [&h
Few companies are thriving at that price, but most are surviving After the brutal price crash in March and April, the mood in the oilpatch is noticeably improved as prices stabilize around $40 US per barrel. Still, that price means different things to different companies, with some beginning to turn on the taps to produce […]
The Trudeau government’s damaging energy policies have contributed to substantial job loss and a 35 per cent decline in oil and gas investment over the last five years—and that’s just the beginning of the bad news. According to a new Statistics Canada report, investment in the energy sector could shrink by an additional 40 per […]
HOUSTON (Bloomberg) –Saudi Aramco has joined with European and U.S. supermajors representing a third of the world’s oil industry to begin curbing emissions at their own operations as the clamor builds for the biggest polluters to act on climate impact. Members of the Oil & Gas Climate Initiative, a group of big oil companies working […]
Skye Lybbert pictured in Edmonton Alta, on Thursday June 25, 2020. Photograph for Canadian Energy Centre Growing up in Alberta, 30-year-old Skye Lybbert has always enjoyed being out in the mountains, curious about understanding the rocks and earth beneath his feet and problem solving. Internships during Lybbert’s undergraduate degree in geology at Edmonton’s University of […]
RIO DE JANEIRO (Bloomberg) –Exxon Mobil resumed drilling in Guyana last month, underscoring its dedication to the offshore hotspot despite the oil price crash and a messy turn in local politics. Two of Exxon’s four drillships went back to work, according to data published Friday by Baker Hughes Co. The company later confirmed that the […]
(St. John’s, NL – July 13, 2020) Engage Creative Technologies (Engage) is a local technology development firm focused on emerging technologies, especially the spectrum of virtual and augmented reality (AR/VR) known as “extended reality.” The application of AR/VR has the potential to transform the way people interact with data and it provides massive benefit to […]
One of the more exasperating, outrageous situations being played out in the global upstream industry is the Trudeau administration turning a deaf ear, so far, to repeated requests and pleas for federal officials to lend substantive help to Newfoundland and Labrador’s (NL) offshore oil and gas industry. Given the severity of the situation, this lack of […]
ABERDEEN – The UK’s offshore oil and gas industry has today welcomed the Chancellor’s announcement of support for employers, including the Job Retention Bonus and moves to support more traineeships and jobs for young people. The leading representative body for the sector OGUK said that the UK faces a once-in-a-lifetime opportunity to deliver moves to […]
Newfoundland and Labrador’s offshore oil and gas industry is calling on Ottawa to provide incentives to attract more exploration in the region and tax credits to kickstart delayed projects, though environmental activists are warning against using public dollars to shore up fossil fuel producers as the world increasingly moves to lower carbon energy sources. The […]
