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Year: 2021

Cenovus Energy Releases 2022 Budget

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 […]

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Success in 2021 & Optimism for 2022

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 […]

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Noia Welcomes Braya Renewable Fuels Announcement

(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 […]

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LNG Proposed Offshore Gas Hub Registers for Environmental Assessment

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 […]

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