The provincial government is looking to spur offshore exploration even though global oil markets have collapsed. Premier Dwight Ball says exploration is the key in being competitive on an international scale. The province has what he calls tremendous reserves in the offshore, and if you are able to find it, it will provide economic benefits […]
The Petroleum Services Association of Canada has revised its 2020 Canadian drilling forecast to an almost 50-year record low of 3,100 oil and gas wells, a level not seen since 2,900 wells were drilled in 1972. PSAC interim CEO Elizabeth Aquin says more than $7 billion of capital investment in the energy sector has been […]
Company eyes foreign tankers for domestic oil, including deliveries from B.C. through the Panama Canal Irving Oil, the operator of the country’s largest refinery, says it wants to use more Canadian crude during the current economic crisis and has applied to use foreign tanker ships in order to get the oil to its operations in […]
View Noia’s April 29, 2020 submission.
Introduction Noia would like to once again thank the Regional Assessment Committee (the Committee) for the work they have undertaken to complete the Regional Assessment of Offshore Oil and Gas Exploratory Drilling East of Newfoundland and Labrador. Extensive consultation and diligent work were completed by the Committee and its support staff and that must be […]
The province’s offshore industry is reeling as oil prices plummet due to COVID-19, so the families and businesses most affected are hoping to get the attention of provincial and federal officials. The chair of Noia’s Board of Directors and Chief Operating Officer of Atlantic XL, Karen Winsor, says a recent survey showed 52 per cent […]
Noia, CAPP seek federal incentives for offshore amid plummeting oil prices, pandemic “We are in crisis mode, and we need help yesterday.” That’s what Newfoundland and Labrador Oil and Gas Industries Association (NOIA) CEO Charlene Johnson said when asked what she’s hearing from the association’s over 500 member companies. In a survey of NOIA members […]
Newfoundland and Labrador’s offshore oil & gas industry is facing an unprecedented crisis. To discuss the impact and possible solutions to help our industry, Noia is hosting a Virtual Town Hall that will feature a panel discussion and a Q&A for members. Seamus O’Regan, Minister of Natural Resources Canada, and Siobhan Coady, Minister of Natural […]
Coronavirus and crashed oil prices have had an effect on the province’s activity, but operators continue to try to press forward on a number of projects What a time to be an operator anywhere in the world, including those working offshore Newfoundland and Labrador (NL), Canada. The global Coronavirus pandemic has teamed up with extremely […]
Husky says re-start of construction ‘undetermined at this time’ Husky Energy has confirmed that construction on the West White Rose project will not resume this year. That means hundreds of construction workers have been cast into limbo, as well as another setback for Newfoundland and Labrador’s beleaguered oil industry. Calgary-based Husky began demobilizing two large const
