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, […]
Alberta’s public inquiry into whether foreign money is bankrolling anti-oil protests in Canada is going into overtime. Energy Minister Sonya Savage says the initial findings from the inquiry’s commissioner, Steve Allan, show more work is needed to complete the final report. So, Savage says the government is extending the deadline for the report to Oct. […]
Letters sent to federal government ministers as Canadian province reels from impact of Covid-19 pandemic and oil price collapse Proponents of the struggling oil and gas sector in Newfoundland & Labrador, Canada are pressing the federal government to implement changes to the tax regime to support ailing offshore activities. More than 2000 letters of support […]
(St. John’s, NL – June 24, 2020) Oceans Ltd., a locally owned company with offices in St. John’s, Newfoundland and Labrador and Halifax, Nova Scotia, has been struck particularly hard by the recent economic crisis. The crash in global oil prices, coupled with the COVID-19 pandemic, has created significant financial challenges for the company which […]
