HALIFAX—Texas is once again the most attractive jurisdiction in North America for oil and gas investment, while Newfoundland and Labrador ranked 16th out of 22 provinces, territories, and US states in the latest survey of petroleum-sector executives released today by the Fraser Institute, an independent, non-partisan, Canadian public policy think-tank. “Newfoundland and Labrador’
News that Kraken Robotics Inc. has landed $7 million worth of contracts from the Newfoundland Offshore Oil and Gas Industry Recovery Assistance Fund gave the stock a bit of a bump this week. Kraken, PNG on the TSX-V exchange, hit 44 cents Tuesday before pulling back and settling in around 40 cents in mid-day trading […]
Projects will protect and create jobs: government says ST. JOHN’S, N.L. — The offshore oil industry in the province is hot once again with the announcement Tuesday of financial support for 26 supply and service projects through the federally funded Newfoundland and Labrador Offshore Oil and Gas Industry Recovery Assistance Fund. The total money announced […]
The Honourable Andrew Furey, Premier of Newfoundland and Labrador, along with the Honourable Andrew Parsons, Minister of Industry, Energy and Technology, today announced financial support for 26 supply and service projects through the Newfoundland and Labrador Offshore Oil and Gas Industry Recovery Assistance Fund, totaling approximately $35.5 million. The announcement was held at Fisheries and [&
Stakeholders say there is a hard course ahead for the province in the wake of Canada’s commitments at the COP26 summit Ocean scientist Brad deYoung likens COP26 to a slight correction in steering the Titanic. COP26 was the United Nations conference on climate change that recently wrapped up in Glasgow, Scotland. “We kind of expect […]
‘The reality is that the energy industry in Newfoundland and Labrador has transformed its economy’ The oil and gas industry in Atlantic Canada is an important economic driver for the region with ripple effects throughout the entire economy impacting thousands of people who live and work on the East Coast. “The reality is that the […]
U.S. oil major ExxonMobil has awarded a drilling contract to drilling contractor Stena Drilling for the Stena Forth drillship. ExxonMobil will use the drilling rig for operations offshore Eastern Canada, in the second half of 2022. The contract is for one firm well. To drill the well in Canada for ExxonMobil, Stena Drilling will move […]
(St. John’s, NL – November 18, 2021) Noia is proud to recognize the significant contribution PF Collins International Trade Solutions Inc. has made to the offshore oil and gas industry, the economy of Newfoundland and Labrador, and the province in general. Starting from a desk rented by Patrick Francis Collins in 1921, PF Collins has […]
Company sees new normal emerging as energy mix shifts from fossil to renewable fuels TechnipFMC forecasts a strong period of offshore growth up to 2025, with even greater spending on deep-water in the second half of the decade — along with increased growth in its services and energy transition business over the long term. The […]
David Suzuki urges provincial government — and individuals — to stop relying on fossil fuels immediately Canadian climate activist David Suzuki says Newfoundland and Labrador Premier Andrew Furey’s sales pitch at COP26 for provincially produced oil was the wrong thing to do. Suzuki said he didn’t attend the United Nations climate change conference because he […]
