Entire Newfoundland and Labrador towns hoping for a deal to be struck for the Terra Nova oilfield are breathing easier Thursday after an agreement in principle was announced Wednesday. Torbay Mayor Craig Scott told CBC Radio’s St. John’s Morning Show he has spoken with oil industry workers in the town who are struggling to make […]
ST. JOHN’S, N.L. — The operator of the Terra Nova offshore oil project says it and other stakeholders have reached an agreement in principle to restart the project, potentially saving hundreds of jobs in Newfoundland and Labrador. The announcement came in a Wednesday-evening news release from Suncor Energy, which said says there is an agreement […]
Equinor has confirmed plans to install a massive new floating production, storage and offloading vessel offshore eastern Canada to exploit several oil discoveries in the prolific Flemish Pass basin. Upstream reported two weeks ago that the Norwegian operator has revamped its Bay du Nord project in Newfoundland & Labrador after discovering major new reserves last […]
The fate of the Terra Nova Project should be known by the end of today. Suncor, the lead operator, had set today as the deadline for the seven partner companies to align on a restart plan. As of late last night, Suncor would only say there will be a statement once a decision is made. […]
Charlene Johnson Speaking Notes – For Distribution Unifor Local 2121 Terra Nova Support Rally Monday, June 14, 2021 9:00 a.m. Please check against delivery Good morning. Thank you Dave Mercer & Unifor Local 2121 for hosting this rally and allowing me to say a few words. And thank you to each one of you for […]
The union representing offshore workers rallied outside Confederation Building in St. John’s on Monday morning, as an emergency debate about the future of the Terra Nova oilfield was being held in the House of Assembly. Suncor Energy, the lead oil company in the project, is expected to announce Tuesday whether the owners will press forward […]
(St. John’s, NL – June 11, 2021) With the Suncor Energy deadline of June 15, 2021 quickly approaching for a decision on the asset life extension (ALE) project or abandonment of the Terra Nova FPSO, Noia has undertaken an analysis of the financial benefits of the Terra Nova project. Noia engaged Jupia Consultants, led by […]
(St. John’s, NL – June 10, 2021) The following is a statement from Noia CEO Charlene Johnson on today’s updates regarding negotiations about the future of the Terra Nova Floating Production Storage and Offloading (FPSO) vessel. “This situation impacts hundreds of Newfoundlanders and Labradorians who work both offshore and onshore for the operating partners. Those […]
(St. John’s, NL – June 9, 2021) In their review of the Government of Newfoundland and Labrador Budget 2021, many of the leading financial institutions in Canada highlight the significant role the offshore oil and gas industry continues to play, and will play, in bringing needed royalties and revenue into the province. This recognition of […]
(St. John’s, NL – June 8, 2021) Noia recently engaged a public opinion firm to survey Newfoundlanders and Labradorians about their support for the offshore oil and gas industry, and the Terra Nova Project specifically. Not surprisingly to Noia, the vast majority of respondents support the industry and efforts to ensure the Terra Nova Project […]
