Origin International says it’s awaiting further clarity on Come by Chance site While the permanent closure of the Come by Chance oil refinery is not a done deal just yet, job cuts are coming this week, according to the union representing workers at the site. While sources initially told CBC News on Monday night the […]
The federal minister of Natural Resources is responding to former Prime Minister Brian Mulroney for his comments urging more support at the provincial and federal levels for the offshore. On Thursday, Mulroney addressed the PC membership ahead of the AGM. He called the $320 million in federal funding a good first step, but that more […]
Mulroney says pandemic, ‘short-sighted thinking’ should not be allowed to kill industry The former Canadian prime minister who championed joint management of Newfoundland and Labrador’s offshore oil industry— and overcame heavy odds 30 years ago to save the Hibernia megaproject — says it’s time once again for Ottawa to step forward and prevent the industry [&hel
Third development on the prolific Stabroek Block to commence production in 2024 US supermajor ExxonMobil has taken a final investment decision on its Payara development, on the Stabroek Block, offshore Guyana. ExxonMobil confirmed late Wednesday it was moving ahead with the $9 billion development after receiving government approvals. It follows reports last week the company […]
Blocks are part of a bigger bid round that closes on 4 November and centres on the province’s promising Orphan basin More than 11 billion barrels of oil and 24 trillion cubic feet of gas resources may be housed in six blocks in the promising Orphan basin off Newfoundland & Labrador in Canada, that are […]
Results show potential of 11.1 billion barrels of oil and 24.5 trillion cubic feet of natural gas September 29, 2020, St. John’s, NL – Newfoundland and Labrador’s 2020 Independent Oil and Gas Resource Assessment results show 11.1 billion barrels of oil and 24.5 trillion cubic feet of natural gas potential offshore. The assessment findings were […]
Husky says the $320-million package for the oil and gas industry will do nothing to get the West White Rose project going for the next construction season in 2021. 2,000 jobs are at stake, making it the largest single project for offshore Newfoundland and Labrador. Company VP Jonathan Brown says the company was looking for […]
(St. John’s – September 25, 2020) Please find below statements from Noia Board Chair Karen Winsor and CEO Charlene Johnson regarding support for the offshore oil and gas industry announced today by Seamus O’Regan, Minister of Natural Resources Canada. “The announcement today of funding provided by the Government of Canada to support the offshore oil […]
The federal government has pledged $320 million to support offshore oil jobs in Newfoundland and Labrador. Natural Resources Minister Seamus O’Regan was in St. John’s on Friday to announce the new measures, after six months of lobbying from oil industry groups and workers demanding assistance. O’Regan said the money will “support jobs and ensure the […]
Today, the Government of Newfoundland and Labrador announced the establishment of a new offshore exploration initiative to provide companies with the incentive to drill more wells in the best prospects. This is a policy measure that will allow all future bid deposit forfeitures to be reinvested as received, resulting in an injection of hundreds of […]
