Cenovus Energy, which merged with Husky earlier in the year, is expecting most of its capital spending in the offshore sector to be directed towards the Terra Nova Asset Life Extension project – but the jury is still out on West White Rose. Cenovus released its 2022 budget and 5-year business plan today. The company […]
Assessment of the resource found Nalcor was receiving more oil than it was entitled A portion of Newfoundland and Labrador’s equity stake in an offshore oil project has been stripped, and the Crown energy corporation that owns that asset, Nalcor Energy, will have to surrender 1.3 million barrels of oil to other companies involved in […]
The Minister of Industry, Energy and Technology admits that it may take some time to transition away from non-renewable resources like oil and gas, but the transition is happening. The province announced last week that the Come By Chance Refinery is being transformed to produce bio fuels from things like canola oil. Andrew Parsons says […]
A deal to transform the Come By Chance oil refinery and create renewable and sustainable biofuel will breath new life into the facility by the middle of 2022, according to Premier Andrew Furey. Cresta Fund Management has bought a controlling stake of the idled refinery, and plans to convert the plant to make aviation fuel […]
Canadian oil and gas companies have been hesitant to loosen the purse strings in spite of this fall’s commodity price boom, and the arrival of the new Omicron COVID-19 variant may help to explain why. Benchmark West Texas Intermediate crude closed at US$65.67 on Wednesday, more than 20 per cent lower than in early November […]
Darlene Hennebury has seen some dark times trying to keep her business in Arnold’s Cove going since opening more than five years ago. She opened Killick Inn and Suites in 2016. But between the inactivity at the Come By Chance oil refinery, the wind-down of the Hebron platform project in Bull Arm and the sudden […]
To say 2021 was an exhilarating year may truly be an understatement. Recovery from the global pandemic and the 2020 collapse of oil prices was underway and Noia members worked hard to maintain their operations and get our offshore oil and gas industry up and running again. While we are not where we hoped we […]
COME BY CHANCE, N.L. — For people who have been working at the Come By Chance oil refinery over the last 18 months while it was in warm idle — and for those who worked there and were hoping to get back to work there — a blanket of uncertainty lifted Tuesday, Nov. 30, with […]
(St. John’s, NL – November 30, 2021) Today, the Government of Newfoundland and Labrador announced that Cresta Fund Management has reached an agreement to purchase a majority interest in the North Atlantic Refinery at Come By Chance, Newfoundland and Labrador to produce renewable diesel and sustainable aviation fuels. Noia welcomes this announcement as it ensures […]
A proposed development to supply international energy markets with liquified natural gas from the province’s offshore has been registered for environmental assessment. LNG Newfoundland and Labrador Limited, which is working in partnership with the First National Major Projects Coalition and the Miawpukek First Nation, is proposing to develop an offshore gas hub in the Jeanne […]
