CEO says East Coast operations largely on hold while company evaluates options ST. JOHN’S, N.L. — News on the future of the West White Rose project in Newfoundland and Labrador was limited as the new operator Cenovus Energy released its 2021 capital budget Thursday. Weeks after the company finalized its acquisition of Husky Energy, Cenovus […]
(St. John’s, NL – January 28, 2021) The Newfoundland and Labrador offshore oil & gas industry has faced tremendous difficulty in the last year due to COVID-19 and the collapse of global oil prices. As a result, Noia members involved in the offshore supply and service sector have been severely impacted with thousands of jobs […]
CALGARY — CTV News has learned Cenovus Energy plans to cut upward of 2,000 positions over the next two months, with the first round of layoffs expected to begin Tuesday. According to a source that validated the total layoff numbers, Tuesday’s announcement will be followed by additional job cuts that are anticipated to take place […]
Crude-by-rail exports hit an average of 170,000 barrels per day that month Canadian exports of crude oil by rail jumped 87 per cent in November as oil production rose in Western Canada amid limited pipeline capacity for heavy crude. The Canada Energy Regulator says rail shipments of oil amounted to 173,000 barrels per day, up […]
CO2 is stored using carbon capture technology, which also helps produce more oil Banks, grocery stores, pop makers — it seems like every day, another company is pledging to become a “net-zero” emitter of greenhouse gases — at some point years or decades in the future. But a pair of Alberta companies say they’ve not […]
Company cites ‘extreme and serious impacts’ of COVID-19 pandemic Irving Oil laid off about 60 employees at the Saint John refinery Thursday, citing the “extreme and serious impacts” of the COVID-19 pandemic. These positions represent about seven per cent of the refinery workforce, according to a news release issued by the company. The job losses […]
Uncertainty remains as North Atlantic Refining continues search for new owner or investor Union heads ensured Liberal Leader Andrew Furey and his team received a friendly reception in Arnold’s Cove Wednesday, following a taxpayer-funded lifeline last week for the idled Come By Chance refinery. “He’ll get a warm welcome,” Glenn Nolan, president of Local 9316 […]
Joe Biden will cancel the Keystone XL pipeline within hours of taking office as U.S. president today. Mr. Biden will revoke Keystone’s presidential permit as part of a slew of executive orders to be signed shortly after his swearing-in at noon ET. The permit is one of several environmental actions by U.S. President Donald Trump […]
OSLO – Thirty companies have received offers of ownership interests in a total of 61 production licenses on the Norwegian Shelf in the Awards in Predefined Areas (APA) 2020. The authorities assessed applications from a total of 33 companies during autumn 2020. Of the 61 production licenses, 34 are in the North Sea, 24 are […]
Studies look at electrification from shore, wind energy as potential solutions for future projects ST. JOHN’S, N.L. — A pair of newly-released studies highlight ways Newfoundland and Labrador’s offshore oil sector can go greener in the future through the use of clean power. Wind energy and electrification via the shore are two options covered in […]
