Header Menu: Top-Right

Commodities

Commodity Pricing

News

Month: May 2021

Opinion: Like it or not, natural resources are still the only way forward for Newfoundland

Since its entry into Confederation in 1949, Newfoundland and Labrador’s dependence on natural resources has left the province with a boom-and-bust economy characterized by short spurts of spectacular growth followed by protracted periods of gloom. Yet, a much-anticipated report on struggling Newfoundland’s fiscal future insists that doubling down on resource development is the only way

Read More

Canada backs floating wind-powered pilot to help decarbonise Grand Banks oil & gas drilling

The Canadian government is backing commercialisation of a floating wind-powered drilling concept developed by sector pioneer Saitec and Newfoundland-based consultancy Waterford Energy Services (WES) that could be used to cut greenhouse gas (GHG) emissions from oil and gas operations off the country’s maritime provinces. The concept, being funded from a C$24.4 million ($20 million) pot [&hell

Read More



OPINION: St John’s has it all to do

OPINION: News that Suncor Energy could abandon its Terra Nova oilfield offshore eastern Canada has put government officials in the Newfoundland & Labrador provincial capital of St John’s on edge. The upstream sector is a major economic contributor to the province, but has been treading water for a year due to low oil prices, Covid-19 […]

Read More



Research projects investigate ways to reduce offshore emissions

• Projects to study carbon capture, energy efficiencies, transportation, renewable energy • Proponents include small technology and engineering companies, universities, operators • Projects consist of technology development/adaptation; demonstration; proof of concept, field trials and feasibility studies St. John’s, NL – Sixteen research, development and demonstration (R

Read More