News

(St. John’s, NL – May 18, 2021) The following statement was issued today by Noia CEO Charlene Johnson on the recent passing of Mr. Roy Farrell, former Chair of the Noia Board of Directors. “The Newfoundland and Labrador offshore oil and gas sector recently lost a leader and an industry champion. “Roy Farrell was first […]

When ExxonMobil’s Yellowtail Development Project at the Stabroek Block comes on stream in 2025, Guyana will be producing over 800,000 barrels of oil per day. One analyst who has been following the Guyana oil story closely says this is a significant milestone for any country, especially one with a population of just over 750,000 people. […]

Atlantic Business Magazine celebrates corporate leadership excellence through its prestigious Top 50 CEO Awards. This year, seven Noia members were named as Atlantic Business Magazine’s Top 50 CEO’s for 2021. These members included: • Dallas Mercer – DMC • Greg White – Integrated Staffing • Kevin Kiley – McInnes Cooper • Michael Critch – NSB-

ExxonMobil has revised upward its 2025 crude oil production in Guyana on the back of its fourth deepwater project there. Under new estimates, Exxon expects to produce 800,000 bpd by 2025. And Guyana has even more optimistic projections for its crude oil production at 1 million bpd by 2027. Exxon’s fourth project, the Yellowtail project, […]

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

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

Moya Greene’s PERT report envisions a ‘green economy,’ but oil is still very much on the agenda All kinds of bonfires erupted Thursday, almost as soon as Moya Greene released a report that wrote a prescription for Newfoundland and Labrador’s dismal fiscal health. Unions fear job losses, students are angry over recommended post-secondary cuts, employers […]