(St. John’s, NL – July 13, 2020) Engage Creative Technologies (Engage) is a local technology development firm focused on emerging technologies, especially the spectrum of virtual and augmented reality (AR/VR) known as “extended reality.” The application of AR/VR has the potential to transform the way people interact with data and it provides massive benefit to […]
One of the more exasperating, outrageous situations being played out in the global upstream industry is the Trudeau administration turning a deaf ear, so far, to repeated requests and pleas for federal officials to lend substantive help to Newfoundland and Labrador’s (NL) offshore oil and gas industry. Given the severity of the situation, this lack of […]
ABERDEEN – The UK’s offshore oil and gas industry has today welcomed the Chancellor’s announcement of support for employers, including the Job Retention Bonus and moves to support more traineeships and jobs for young people. The leading representative body for the sector OGUK said that the UK faces a once-in-a-lifetime opportunity to deliver moves to […]
Newfoundland and Labrador’s offshore oil and gas industry is calling on Ottawa to provide incentives to attract more exploration in the region and tax credits to kickstart delayed projects, though environmental activists are warning against using public dollars to shore up fossil fuel producers as the world increasingly moves to lower carbon energy sources. The […]
St. John’s, NL (July 7, 2020) – Today, community and business leaders, as well as supporters throughout Canada, are united to send a clear message to the Government of Canada that action is needed to attract investment in the offshore oil and gas industry and help thousands of Canadians get back to work. Over 80 […]
The Newfoundland and Labrador oil and gas sector is renewing is call for the federal government to offer a more concrete show of support to an industry that’s been reeling due to COVID-19 and poor global prices for the nonrenewable resources. In a news release issued Friday, the Newfoundland and Labrador Oil and Gas Industries […]
(St. John’s, NL – July 3, 2020) A month after Natural Resources Canada Minister Seamus O’Regan said an announcement was coming “very soon,” the offshore oil and gas industry is still waiting for assistance to help it recover from COVID-19 and remain globally competitive. Concerns run deep in the industry for the future of exploration […]
Stephen C. Edwards has been appointed President of Hibernia Management and Development Company Ltd (HMDC). Prior to this appointment Stephen was Vice President, ExxonMobil Canada Ltd. (EMC) based in St. John’s, NL, and responsible for EMC’s safety, security, health, and environment functions as well as engagement with local regulators and industry. Stephen began his career […]
Financially troubled oil and gas producers are trying to avoid bankruptcy As a growing number of oilpatch companies are being pushed toward bankruptcy across North America, a number of Canadian players are working with creditors and making moves that experts say are aimed at avoiding such a fate. Bow River Energy, Cequence Energy and Delphi […]
(St. John’s, NL– June 29, 2020) AltoMaxx, a local UAV (unmanned aerial vehicle) training centre and service provider, was on the cusp of exponential growth when COVID-19 and the offshore industry crisis created uncertainty with the company’s plans for expansion. AltoMaxx began operations in 2018 with its head office in St. John’s, Newfoundland and Labrador, […]
