‘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 […]
Premier Andrew Furey is optimistic about the future of the West White Rose project following a meeting with the CEO of Cenovus. Furey and Energy Minister Andrew Parsons had their first chat with Alex Pourbaix on Friday, less than a week after Cenovus swallowed up Husky Energy in a multi-billion-dollar merger. Furey told reporters yesterday […]
The governments of Newfoundland and Labrador and Canada are leading jurisdictions in their commitments to achieve net zero carbon emissions by 2050. Noia is supportive of the role the offshore oil & gas industry can play in meeting these targets and for some time it has been collaborating with partners across the industry to examine […]
Despite shelving West White Rose for the 2021 construction period, Husky executives remain optimistic about the future of the project. Earlier this week, it was announced that Husky was being bought out by Cenovus Energy Inc. in an all-stock deal valued at $23.6-billion. At a teleconference yesterday regarding Husky’s third-quarter results, CEO Rob Peabody explained […]
(Oct. 29, 2020) Equinor (60%), and its partner BP Canada (40%), have made two oil discoveries offshore Newfoundland, Canada. The two wells at the Cappahayden and Cambriol prospects, drilled this summer in the Flemish Pass Basin, have proven the presence of hydrocarbons; however, it is too early to provide specific information on volume
(St. John’s, NL – October 29, 2020) Please find below a statement from Noia CEO Charlene Johnson regarding the announcement today from Equinor and partner BP Canada regarding oil discoveries in the Flemish Pass Basin. “The announcement today by Equinor and partner BP Canada that oil has been discovered at the recently drilled Cappahayden and […]
West White Rose project supports families and communities in Newfoundland and Labrador, organization says An organization representing Newfoundland and Labrador’s skilled-trades workers is dismayed by news that construction work on Husky Energy’s West White Rose project won’t go ahead in 2021. In a news release issued early Monday evening, Trades NL said thousands of Newfoundland
