Equinor has spudded a well on its Tiger Lily prospect, making the Norwegian player the first company to carry out exploration drilling in the UK North Sea this year. The 16/2a-6 probe, located in the East Shetland Platform, is being drilled by the Seadrill semi-submersible rig West Hercules. According to UK Oil & Gas Authority […]
The Honourable Andrew Parsons, Minister of Industry, Energy and Technology, today announced the establishment of a committee of industry experts to provide implementation oversight and ensure that the recommendations of the Oil and Gas Recovery Task Force (task force) are addressed. Committee members include: Nena Abundo, Department of Industry, Energy and Technology); Paul Barnes, CAPP; […
Newfoundland and Labrador’s Crown corporation Nalcor Energy, the body that oversees the controversial Muskrat Falls hydroelectric project, is being dismantled and folded into Newfoundland and Labrador Hydro. Premier Andrew Furey made the announcement at a noon media conference Wednesday, joined by N.L. Hydro president, Nalcor interim CEO Jennifer Williams, and Energy Minister Andrew Parsons.
The woman in charge of the effort to bring the Terra Nova oilfield in Newfoundland and Labrador’s offshore back to life says a renewed sense of enthusiasm and positivity has been injected into Suncor Energy’s St. John’s operations. After months of uncertainty, and with an industry bracing for a worst-case scenario, Suncor announced Thursday that […]
Workers with the local Steelworkers Union at the Come By Chance oil refinery have voted in favour of a new collective agreement. It was a landslide victory for those in support, with 96 percent of voters in favour of the deal, which includes wage improvements and improvements in contract language. The International staff representative for […]
Entire Newfoundland and Labrador towns hoping for a deal to be struck for the Terra Nova oilfield are breathing easier Thursday after an agreement in principle was announced Wednesday. Torbay Mayor Craig Scott told CBC Radio’s St. John’s Morning Show he has spoken with oil industry workers in the town who are struggling to make […]
ST. JOHN’S, N.L. — The operator of the Terra Nova offshore oil project says it and other stakeholders have reached an agreement in principle to restart the project, potentially saving hundreds of jobs in Newfoundland and Labrador. The announcement came in a Wednesday-evening news release from Suncor Energy, which said says there is an agreement […]
Equinor has confirmed plans to install a massive new floating production, storage and offloading vessel offshore eastern Canada to exploit several oil discoveries in the prolific Flemish Pass basin. Upstream reported two weeks ago that the Norwegian operator has revamped its Bay du Nord project in Newfoundland & Labrador after discovering major new reserves last […]
The fate of the Terra Nova Project should be known by the end of today. Suncor, the lead operator, had set today as the deadline for the seven partner companies to align on a restart plan. As of late last night, Suncor would only say there will be a statement once a decision is made. […]
The union representing offshore workers rallied outside Confederation Building in St. John’s on Monday morning, as an emergency debate about the future of the Terra Nova oilfield was being held in the House of Assembly. Suncor Energy, the lead oil company in the project, is expected to announce Tuesday whether the owners will press forward […]
