Global demand for oil will fall this year by the most ever due to the economic lockdowns enforced around the world to contain the coronavirus pandemic, the International Energy Agency said Wednesday. An estimated drop in demand of 9.3 million barrels a day this year is equivalent to a decade’s worth of growth. The agency, […]
Noia says member companies have grave concerns about state of economy Newfoundland and Labrador Premier Dwight Ball says there is no plan to slow oil production at this time, even though the world’s largest key oil cartel is cutting production. On Sunday, OPEC and other petroleum producers agreed to slash oil production by nearly 10 […]
From CBC News The following text was excerpted from the media outlet cited on April 12, 2020 and is provided to Noia members for information purposes only. Any opinion expressed therein is neither attributable to nor endorsed by Noia. OPEC and other producers agreed to cut 9.7 million barrels a day The OPEC cartel […]
From CBC News The following text was excerpted from the media outlet cited on April 9, 2020 and is provided to Noia members for information purposes only. Any opinion expressed therein is neither attributable to nor endorsed by Noia. Offshore regulator ordered a halt to production on the Terra Nova in December because of […]
From: CBC News The following text was excerpted from the media outlet cited on April 7, 2020 and is provided to Noia members for information purposes only. Any opinion expressed therein is neither attributable to nor endorsed by Noia. Oil giant releasing very few details, but unions predicts mass layoffs Drilling activities on Hibernia […]
From CBC News The following text was excerpted from the media outlet cited on April 7, 2020 and is provided to Noia members for information purposes only. Any opinion expressed therein is neither attributable to nor endorsed by Noia. Company ‘evaluating all appropriate steps to reduce capital and operating expenses’ There may soon be […]
The following text was excerpted from the media outlet cited on April 3, 2020 and is provided to Noia members for information purposes only. Any opinion expressed therein is neither attributable to nor endorsed by Noia. From CBC News Company shifting focus to build field hospitals A Burin Peninsula business is expecting to see a sales […]
The following text was excerpted from the media outlet cited on April 3, 2020 and is provided to Noia members for information purposes only. Any opinion expressed therein is neither attributable to nor endorsed by Noia. From C-NLOPB *This message can also be found on the C-NLOPB YouTube Channel https://bit.ly/39EjPEZ and Twitter account @CNLOPB. While the unprecedented […]
The following text was excerpted from the media outlet cited on April 1, 2020 and is provided to Noia members for information purposes only. Any opinion expressed therein is neither attributable to nor endorsed by Noia. From Reuters OTTAWA/TORONTO, April 1 (Reuters) – A government aid package for struggling Canadian energy firms has run into […]
The following text was excerpted from the media outlet cited on April 1, 2020 and is provided to Noia members for information purposes only. Any opinion expressed therein is neither attributable to nor endorsed by Noia. From VOCM News Premier Dwight Ball says the shutdown at the Come By Chance refinery is due to the […]
