CO2 is stored using carbon capture technology, which also helps produce more oil Banks, grocery stores, pop makers — it seems like every day, another company is pledging to become a “net-zero” emitter of greenhouse gases — at some point years or decades in the future. But a pair of Alberta companies say they’ve not […]
Company cites ‘extreme and serious impacts’ of COVID-19 pandemic Irving Oil laid off about 60 employees at the Saint John refinery Thursday, citing the “extreme and serious impacts” of the COVID-19 pandemic. These positions represent about seven per cent of the refinery workforce, according to a news release issued by the company. The job losses […]
Uncertainty remains as North Atlantic Refining continues search for new owner or investor Union heads ensured Liberal Leader Andrew Furey and his team received a friendly reception in Arnold’s Cove Wednesday, following a taxpayer-funded lifeline last week for the idled Come By Chance refinery. “He’ll get a warm welcome,” Glenn Nolan, president of Local 9316 […]
Joe Biden will cancel the Keystone XL pipeline within hours of taking office as U.S. president today. Mr. Biden will revoke Keystone’s presidential permit as part of a slew of executive orders to be signed shortly after his swearing-in at noon ET. The permit is one of several environmental actions by U.S. President Donald Trump […]
OSLO – Thirty companies have received offers of ownership interests in a total of 61 production licenses on the Norwegian Shelf in the Awards in Predefined Areas (APA) 2020. The authorities assessed applications from a total of 33 companies during autumn 2020. Of the 61 production licenses, 34 are in the North Sea, 24 are […]
Studies look at electrification from shore, wind energy as potential solutions for future projects ST. JOHN’S, N.L. — A pair of newly-released studies highlight ways Newfoundland and Labrador’s offshore oil sector can go greener in the future through the use of clean power. Wind energy and electrification via the shore are two options covered in […]
Liberals announce offer of $175M to Suncor and its partners in exchange for life extension for oil platform The provincial Liberal government, on the eve of what many expect is an election call, has revealed a costly plan, using public money as a bargaining chip, to get the Terra Nova FPSO back into production in […]
Pandemic reduced investment in offshore, but industry believes situation will improve The federal approval of three offshore exploration projects and a consolidation of Equinor’s Canadian operations in St. John’s is being viewed this week as a double-boost for a struggling offshore oil and gas industry. “It’s welcome news on both fronts,” Jim Keating, acting CEO [&hel
Equinor is moving staff to St. John’s, saying it’s no longer interested in Western Canada’s oil and gas opportunities CALGARY – Norway’s Equinor ASA is decamping from Calgary and moving staff across the country to St. John’s as the company is no longer interested in Western Canada’s oil and gas opportunities and will focus on […]
Introduction The Newfoundland and Labrador Oil and Gas Industries Association (Noia) was founded in 1977 to represent the supply and service sector of the offshore oil and gas industry. Today, Noia represents approximately 460 member organizations worldwide involved in, or who benefit from, the oil and gas industry of Newfoundland and Labrador. Noia members are […]
