Chinese company ‘very interested’ in province’s new exploration incentive program, says energy department The province’s oil and gas association is heralding a new drilling contract in the Flemish Pass as a rare victory for the struggling Newfoundland and Labrador offshore oil industry. CNOOC Petroleum North America is set to create a single exploration well in […]
CEO says move part of a strategy to diversify local economy ARGENTIA, N.L. — Port of Argentia is hoping its strong southwest winds can convince an Alberta energy company to invest millions of dollars in the local economy. On Monday, the organization announced the signing of a memorandum of understanding (MOU) with Clem Geo-Energy Corp. […]
Stena Drilling are pleased to announce that a contract has been signed with #CNOOC Petroleum North America ULC, utilising Mobile Offshore Drilling Unit (MODU) #StenaForth. The drilling program shall be a one (1) well campaign lasting approximately 90 days offshore #newfoundlandandlabrador in the #FlemishPass. #StenaForth shall mobilise to #Canada with an estimated commence
Federal natural resources minister says there’s no appetite for government investment in oil projects The federal government will continue doing what it can be be helpful, but will not buy an equity stake into the stalled West White Rose extension in order to save the multibillion-dollar project, says the natural resources minister. Seamus O’Regan on […]
Executive Council Industry, Energy and Technology October 15, 2020 The Honourable Andrew Furey, Premier of Newfoundland and Labrador, and the Honourable Andrew Parsons, Minister of Industry, Energy and Technology, today announced the members and terms of reference for the Oil and Gas Industry Recovery Task Force. Task force members, who are working on a volunteer […]
With a sharp decline in activity and offshore personnel, helicopter and supply ship demand has fallen sharply Those looking for signs of how tough things have become in Eastern Canada’s offshore oil and gas industry need only look up in the air, or out to sea. With fewer personnel offshore, the familiar sound of a […]
A Newfoundland and Labrador company has landed a major contract with the Canadian Space Agency and they are hoping it will have positive impacts on the local economy. C-CORE recently inked a $350,000 deal to replace the agency’s third generation of RADARSAT technology. RADARSAT’s third generation is a constellation of three satellites used to observe […]
‘We are ready to go. We are trained,’ says union president On Thursday 23 people were given the notice they will be out of work, marking another grim day for the Come By Chance oil refinery as the future of its operation remains hanging in the balance. “Today is a bad day again,” Glenn Nolan, […]
Ripple effect from closure would reach all corners of the province, analyst says Fred Bergman hardly takes a breath as he rattles off the list of economic injuries. Most notably, there’s the income losses for 500 people who work at the oil refinery in Come By Chance, N.L., many of them making salaries in excess […]
Another blow for the local oil and gas sector. Husky Energy has confirmed layoffs in this province effective today. Husky says it will not be sharing the number of jobs affected, but unconfirmed reports to VOCM News indicate it may be in the dozens The company says a decision on the ongoing review of its […]
