The following municipalities from the North East Avalon are calling on all the partners in industry and government to invest in our people, our industry and our communities by coming to a resolution that will see the Terra Nova project move into its new life of productivity. The offshore industry has been integral to our […]
Please click here.
The province’s energy minister is reacting with cautious optimism to recent reports about Bay du Nord indicating the field could contain some one-billion barrels of oil. Andrew Parsons could not speak to any details as Equinor has been “keeping their cards very close,” but says he’s happy to hear there is significant potential in the […]
Equinor is working on a massive transformation of its stalled Bay du Nord oil project off Newfoundland, Canada where reserves have tripled in size after last year’s major discoveries at Cambriol and Cappahayden and now stand at close to 1 billion barrels. Upstream understands that engineers are pulling together a phased development plan for the […]
ST. JOHN’S, N.L. — Briefing notes obtained by the Official Opposition through an access to information request show the provincial government appears to have gone against its own advice in negotiations with Suncor Energy and its partners in the Terra Nova project by offering to take up to a 15 per cent equity stake in […]
In the early 2000s the Newfoundland and Labrador offshore oil and gas industry was able to demonstrate its versatility and ingenuity through the adoption of FPSO technology in our offshore. Since the Terra Nova FPSO began production in 2002, we have gained new experience in floater construction, operation, management, and maintenance. We have demonstrated that […]
The most vexing challenge for service companies in the geosciences sector is predicting the ebb and flow of oil company spending on exploration that provides the lifeblood of the business. How much, when and where are the questions that determine their strategies. Any answer, however well researched, is at best a guess, even when coming […]
Please click here to download and listen.
