Bank of America Global Research said it could bring forward its $100 per barrel oil price target to the next six months from mid-2022 if the winter is colder than usual, potentially driving a surge in demand and widening a supply deficit. A much colder than normal winter could lead global oil demand to surge […]
Noia Conference Session Four: Collaboration in The New (Normal) Industry Session Four of Noia’s Oil & Gas Conference 2021 will focus on Collaboration in The New (Normal) Industry. During this session, delegates will hear from those leading the way through collaboration in Newfoundland and Labrador, arising from the need to work together to overcome challenges […]
Dear Ms. Johnson, Thank you for sharing your election priorities in your letter dated August 23, 2021. Canada’s New Democrats know that the oil and gas industry is important to the province of Newfoundland and Labrador, and that the workers within the industry have been hit hard by lower oil production and prices and the […]
(St. John’s, NL – September 9, 2021) Last evening the co-owners of the Terra Nova Floating, Production, Storage and Offloading (FPSO) facility announced an agreement was finalized to restructure the project ownership and proceed with the Asset Life Extension (ALE) project. It was also announced that Suncor Energy has entered into a conditional agreement to […]
Canada’s Conservatives have always been proud supporters of our country’s worldclass, ethical, and sustainable oil and gas sector. This sector has always been a driver of the economy and continues to demonstrate environmental and social governance (ESG) leadership to the world. Thank you for reaching out and allowing us the opportunity to comment on your […]
GEORGETOWN, Sept 7 (Reuters) – Guyana awarded a unit of Saudi Aramco (2222.SE) a tender to purchase a portion of the country’s oil production, and the two parties will likely enter into a one-year marketing deal, an official said on Tuesday. The South American country last month received bids from 15 companies aiming to market […]
In nine years, Newfoundlander and Labradorian Michael Critch has fought tooth and nail to transform his small engineering firm into two handfuls of companies with more than $50 million annual turnover. Now, NSB-Omega Group – a multifaceted technical services, project management, and staffing company with connections, contacts and clients all over the world – is […]
It is amazing how quickly September has come upon us. As this month is shaping up to be both busy and exciting, I hope everyone had the opportunity to enjoy the summer and the beautiful weather Newfoundland and Labrador had on offer. Canada has a federal general election underway and I believe this is a […]
The Noia Oil & Gas Conference 2021 is quickly approaching and Session Three offers a can’t miss expert panel discussion on the importance of achieving local participation in the supply chain. Conference delegates will hear from Tracey Simpson, BHP Canada Country Manager, Petroleum, about the approach they have used to engage the local supply community. […]
The prolific Stabroek Block offshore Guyana, covering an area of 6.6 million acres, still has multiple exploration prospects remaining with large swathes of the ExxonMobil-operated license still unexplored. This is despite the U.S. oil major and co-venturers Hess and CNOOC already making 22 commercial discoveries with volumes now exceeding 9 billion barrels of oil equivalent […]
