Orphan basin drilling postponed to at least 2023, although CNOOC on track to spud Pelles probe this year UK supermajor BP and Australian conglomerate BHP have delayed plans to drill key exploration wells in the frontier Orphan basin offshore Newfoundland & Labrador (NL), Canada next year, while US giant Chevron and Norway’s Equinor consider their […]
Noia has received responses from three of the Newfoundland and Labrador political parties participating in the 2021 Provincial General Election. On January 22, 2021 Noia wrote the four parties fielding candidates with a series of questions about issues of great importance to the offshore oil and gas industry and the supply and service sector. Parties […]
Private equity firm Cresta Fund Management has offered to buy a majority stake in North Atlantic Refining Ltd (NARL), owner of the idled Canadian 135,000 barrel-per-day Come-by-Chance refinery, according to a letter reviewed by Reuters. The Dallas-based firm said in a letter dated Jan. 22 it would look to convert the refinery to renewable fuel […]
Royal Dutch Shell Plc snapped up the largest amount of North Sea oil in over a decade during the market’s main trading window for physical cargoes, underpinning signs of sharply tightening supplies. Europe’s biggest oil company purchased five cargoes on Monday during a 30-minute period during which traders offer to buy and sell cargoes to […]
As we are in the final two weeks of the Provincial General Election, Noia has released several videos that highlight the importance of the offshore oil and gas industry to our province. These videos focus on the direct impacts of the industry and the many spinoffs that occur in the economy and the social sector. […]
The document outlines key regulatory and policy issues that will enable offshore industry sustainability and growth and is presented for the consideration of all registered parties and candidates in the 2021 Newfoundland and Labrador election. The offshore provides the province an opportunity to supply responsibly produced oil and natural gas resources to world markets, while […]
CEO says East Coast operations largely on hold while company evaluates options ST. JOHN’S, N.L. — News on the future of the West White Rose project in Newfoundland and Labrador was limited as the new operator Cenovus Energy released its 2021 capital budget Thursday. Weeks after the company finalized its acquisition of Husky Energy, Cenovus […]
(St. John’s, NL – January 28, 2021) The Newfoundland and Labrador offshore oil & gas industry has faced tremendous difficulty in the last year due to COVID-19 and the collapse of global oil prices. As a result, Noia members involved in the offshore supply and service sector have been severely impacted with thousands of jobs […]
CALGARY — CTV News has learned Cenovus Energy plans to cut upward of 2,000 positions over the next two months, with the first round of layoffs expected to begin Tuesday. According to a source that validated the total layoff numbers, Tuesday’s announcement will be followed by additional job cuts that are anticipated to take place […]
Crude-by-rail exports hit an average of 170,000 barrels per day that month Canadian exports of crude oil by rail jumped 87 per cent in November as oil production rose in Western Canada amid limited pipeline capacity for heavy crude. The Canada Energy Regulator says rail shipments of oil amounted to 173,000 barrels per day, up […]
