Marginal improvement expected in 2021 as new forecast released Mark Scholz remembers sitting in his office in mid-June and receiving his daily report on how many oil and gas drilling rigs were operating. There are more than 500 rigs in Western Canada, but on that day amid bargain oil prices, only six were actually deployed. […]
A task force tapped to recommend how best to divvy up $320-million in federal funding for the province’s offshore oil industry is making great progress, according to Premier Andrew Furey. In fact, he says he expects to receive recommendations from the task force ahead of schedule, though he didn’t set a date or timeline. He […]
Company says offer to buy North Atlantic would not benefit Newfoundland and Labrador long-term The owner of the idled Come By Chance oil refinery has rejected an American company’s offer to buy it. Silverpeak, owner of North Atlantic Refining Ltd. (NARL), issued a statement about Origin International’s bid late Thursday afternoon. The company said Orgin’s […]
Federal Natural Resources Minister Seamus O’Regan is defending the amount of funding provided to sustain the province’s oil industry through the global pandemic. Ottawa pledged $320-million to support jobs, plus another $75-million to lower greenhouse gas emissions from crude production. The money is specifically for the offshore oil industry and can also be used for […]
Advancing Canada’s offshore oil and gas sector The $75 million offshore investment as part of the Emissions Reduction Fund (ERF) will help Canada meet its environmental commitments, rebuild the economy, and create a lower carbon economy, especially towards reducing greenhouse gas emissions (GHGs). The offshore portion of the ERF has two components: The Offshore Deployment […]
Noia is pleased to welcome Fall Seminar 2020 keynote lunch speaker Catherine Courage, VP, Ads and Commerce User Experience at Google. Originally from St. John’s, Newfoundland and Labrador, Catherine leads design and experience strategy for the Ads and Commerce product areas at Google. She is also an active writer and speaker on creativity, innovation, and […]
‘The future is bleak … [it’s] incredibly disappointing,’ says K&D Pratt owner There were 17 parcels up for grabs for oil companies to bid on for Newfoundland and Labrador’s offshore this year, but only one of those received a bid — a “catastrophic” drop of interest, according to the owner of one business that depends […]
Origin International specializes in recycling oils Origin International Inc. has made a formal offer to take over all North Atlantic Refining Limited assets — including the Come By Chance refinery and its retail properties. The move comes after a turbulent month for the refinery and its hundreds of workers, as a deal to sell the […]
(St. John’s, NL – November 5, 2020) Please find below a statement from Noia CEO Charlene Johnson regarding the results of the 2020 Call for Bids by the Canada-Newfoundland and Labrador Offshore Petroleum Board. “In a typical year, with the geologic and scientific information that was available to those interested in bidding on offshore land […]
Some positive news today regarding the future of the Come By Chance oil refinery. VOCM News has learned that Origin has made an offer to Silverpeak for all assets related to the Come By Chance refinery and North Atlantic retail properties. A source close to Origin says the company plans to bring the refinery back […]
