Oil prices are rebounding from historic lows seen last year, but it might be a while yet before oil companies have full confidence restored in what has become a shakey system. Brent crude is now trading at just under 70 dollars per barrel, and Newfoundlanders and Labradorians have noticed the change in price with steady […]
CBC – March 17, 2021
Series of setbacks displaced thousands of workers, but there’s hope for a turnaround Amanda Young had her dream job as a cook on the Terra Nova FPSO, one of four oil-producing platforms in offshore Newfoundland and Labrador. “We all thought that we were going to retire offshore until last year,” said Young, 38, who’s originally […]
CBC – March 16, 2021
As the promise of government relief funds begin to flow, the perils of the pandemic continue to plague Newfoundland and Labrador’s offshore oil and gas industry. Though oil production continues at Hibernia, Hebron and the SeaRose Floating Production Storage and Offloading Vessel (FPSO), the Terra Nova FPSO has not produced oil in over a year. The […]
(St. John’s, NL – March 12, 2021) Twelve years ago today, our province experienced the tragic loss of 17 people when Flight 491 crashed in the waters off Newfoundland and Labrador. Today Noia remembers those individuals, their family and friends, as well as the lone survivor of the crash. “Flight 491 serves as a constant […]
There are three primary challenges facing the oil and gas industry today. The first is to produce more energy at lower cost with less emissions. The global population is increasing, and energy demand post COVID-19 will not only recover, but also increase. At the same time, the world is demanding cleaner energy so oil and […]
Equinor and partners Vår Energi and Petoro have struck oil in exploration well 7220/7-4 in production license 532 in the Barents Sea. Recoverable resources are so far estimated at between 5 and 8 million standard cubic meters of recoverable oil, corresponding to 31 – 50 million barrels of recoverable oil. “Succeeding in the Barents Sea […]
Alberta believes the plan will reduce emissions by 30 mega tonnes by 2030 — equivalent to an 11 per cent reduction of its total emissions CALGARY — As the federal government is set to unveil new emissions reductions target at a global climate summit next month, Alberta is drawing up a $30 billion carbon reduction […]
Charlene Johnson CEO, Noia Co-chair, Petroleum Industry Human Resources Committee Director, Janeway Children’s Hospital Foundation Advisory Board Member, Husky Centre for Excellence in Sales and Supply Chain Management, MUN Faculty of Business Member, St. John’s International Airport Authority Airport Air Access Committee A former member of N.L.’s House of Assembly (2003-14), Cha
