(St. John’s, NL – June 11, 2021) With the Suncor Energy deadline of June 15, 2021 quickly approaching for a decision on the asset life extension (ALE) project or abandonment of the Terra Nova FPSO, Noia has undertaken an analysis of the financial benefits of the Terra Nova project. Noia engaged Jupia Consultants, led by […]
(St. John’s, NL – June 9, 2021) In their review of the Government of Newfoundland and Labrador Budget 2021, many of the leading financial institutions in Canada highlight the significant role the offshore oil and gas industry continues to play, and will play, in bringing needed royalties and revenue into the province. This recognition of […]
(St. John’s, NL – June 8, 2021) Noia recently engaged a public opinion firm to survey Newfoundlanders and Labradorians about their support for the offshore oil and gas industry, and the Terra Nova Project specifically. Not surprisingly to Noia, the vast majority of respondents support the industry and efforts to ensure the Terra Nova Project […]
The following municipalities from the North East Avalon are calling on all the partners in industry and government to invest in our people, our industry and our communities by coming to a resolution that will see the Terra Nova project move into its new life of productivity. The offshore industry has been integral to our […]
The province’s energy minister is reacting with cautious optimism to recent reports about Bay du Nord indicating the field could contain some one-billion barrels of oil. Andrew Parsons could not speak to any details as Equinor has been “keeping their cards very close,” but says he’s happy to hear there is significant potential in the […]
Equinor is working on a massive transformation of its stalled Bay du Nord oil project off Newfoundland, Canada where reserves have tripled in size after last year’s major discoveries at Cambriol and Cappahayden and now stand at close to 1 billion barrels. Upstream understands that engineers are pulling together a phased development plan for the […]
ST. JOHN’S, N.L. — Briefing notes obtained by the Official Opposition through an access to information request show the provincial government appears to have gone against its own advice in negotiations with Suncor Energy and its partners in the Terra Nova project by offering to take up to a 15 per cent equity stake in […]
The most vexing challenge for service companies in the geosciences sector is predicting the ebb and flow of oil company spending on exploration that provides the lifeblood of the business. How much, when and where are the questions that determine their strategies. Any answer, however well researched, is at best a guess, even when coming […]
What a difference (almost) two years can make. In September 2019, hoping to provoke discussion about what the offshore oil and gas industry has done for Newfoundland and Labrador, I submitted an opinion column to CBC. Subsequently, I was invited to speak with Ted Blades on On The Go. I did so as I was […]
ST. JOHN’S, N.L. — The Newfoundland and Labrador Oil and Gas Industries Association (Noia) says a deadline of June 15 has been set for a decision on whether the Terra Nova floating production, storage and offloading (FPSO) vessel is to continue with its work in the offshore or hit the retirement button. A Noia news […]
