Norwegian authorities have approved Equinor’s revised plan for development and operation (PDO) for partial electrification of the Sleipner field center in the North Sea. The field center will be tied to the Utsira High area power from shore solution, and Sleipner is expected to cut emissions by more than 150,000 tonnes of CO₂ per year, […]
Please Check Against Delivery Good morning Mr. Chairman and committee members. Thank you for the opportunity to address the committee. My name is Charlene Johnson, and I am the CEO of the Newfoundland and Labrador Oil and Gas Industries Association, more commonly known as Noia. Our association represents member companies who are involved in the […]
(St. John’s, NL – February 10, 2021) On January 22, 2021, Noia wrote the four parties participating in the Provincial General Election seeking responses to important questions facing the offshore oil & gas industry. Noia requested that responses be provided by February 4 and three parties have responded. The questions posed by Noia covered a […]
Calgary company posted $113M profit in the fourth quarter of 2019 Cenovus Energy Inc. reported a loss in the final quarter of 2020 compared with a profit a year earlier. The company says it lost $153 million or 12 cents per share for the quarter ended Dec. 31 compared with a profit of $113 million […]
Orphan basin drilling postponed to at least 2023, although CNOOC on track to spud Pelles probe this year UK supermajor BP and Australian conglomerate BHP have delayed plans to drill key exploration wells in the frontier Orphan basin offshore Newfoundland & Labrador (NL), Canada next year, while US giant Chevron and Norway’s Equinor consider their […]
Noia has received responses from three of the Newfoundland and Labrador political parties participating in the 2021 Provincial General Election. On January 22, 2021 Noia wrote the four parties fielding candidates with a series of questions about issues of great importance to the offshore oil and gas industry and the supply and service sector. Parties […]
Private equity firm Cresta Fund Management has offered to buy a majority stake in North Atlantic Refining Ltd (NARL), owner of the idled Canadian 135,000 barrel-per-day Come-by-Chance refinery, according to a letter reviewed by Reuters. The Dallas-based firm said in a letter dated Jan. 22 it would look to convert the refinery to renewable fuel […]
Royal Dutch Shell Plc snapped up the largest amount of North Sea oil in over a decade during the market’s main trading window for physical cargoes, underpinning signs of sharply tightening supplies. Europe’s biggest oil company purchased five cargoes on Monday during a 30-minute period during which traders offer to buy and sell cargoes to […]
As we are in the final two weeks of the Provincial General Election, Noia has released several videos that highlight the importance of the offshore oil and gas industry to our province. These videos focus on the direct impacts of the industry and the many spinoffs that occur in the economy and the social sector. […]
The document outlines key regulatory and policy issues that will enable offshore industry sustainability and growth and is presented for the consideration of all registered parties and candidates in the 2021 Newfoundland and Labrador election. The offshore provides the province an opportunity to supply responsibly produced oil and natural gas resources to world markets, while […]
