(St. John’s, NL – May 27, 2021) During a recent call with investors, Suncor Energy CEO Mark Little commented on the future of the Terra Nova FPSO and efforts to confirm the Asset Life Extension project of the vessel. Mr. Little stated that a deadline to decide on the project has been set for June […]
Canada’s second-largest oil producer, Suncor Energy Inc (SU.TO), said on Wednesday that it plans to lift production to a record-high average of 800,000 barrels per day (bpd) over 2021-25, even as it cuts its emissions by more than one-third. Fossil fuel companies, and especially producers in Canada’s high-carbon oil sands, face growing pressure from investors […]
LONDON (Reuters) – The United Kingdom will not commit to halting new oil exploration in the North Sea, a government energy body told Reuters, despite a warning from the world’s top energy watchdog to rein in fossil fuels spending to achieve climate goals. The UK is due to host the U.N. Climate Change Conference (COP26) […]
The International Energy Agency says investment in new fossil fuel projects must halt immediately if global climate goals are to be met. That’s at odds with the province’s plans to leverage oil and gas revenue to transition to a green economy. The strategy is outlined in the recent Economic Recovery Team report. Premier Andrew Furey […]
Offshore drilling rig contractor Maersk Drilling said on Thursday it saw some signs of market recovery as it reported that orders in the first quarter were at the highest level in more than three years. The company, which had already on Wednesday lifted its 2021 earnings guidance, said it added $730 million in new contracts […]
The International Energy Agency, which has stepped up its efforts to become a major green energy supporter, appears to have forgotten the reason it was set up as an agency in the first place. In its new report “Net Zero in 2050”, the energy agency calls for no new investments in oil- and gas-related projects. […]
(St. John’s, NL – May 18, 2021) The following statement was issued today by Noia CEO Charlene Johnson on the recent passing of Mr. Roy Farrell, former Chair of the Noia Board of Directors. “The Newfoundland and Labrador offshore oil and gas sector recently lost a leader and an industry champion. “Roy Farrell was first […]
When ExxonMobil’s Yellowtail Development Project at the Stabroek Block comes on stream in 2025, Guyana will be producing over 800,000 barrels of oil per day. One analyst who has been following the Guyana oil story closely says this is a significant milestone for any country, especially one with a population of just over 750,000 people. […]
Atlantic Business Magazine celebrates corporate leadership excellence through its prestigious Top 50 CEO Awards. This year, seven Noia members were named as Atlantic Business Magazine’s Top 50 CEO’s for 2021. These members included: • Dallas Mercer – DMC • Greg White – Integrated Staffing • Kevin Kiley – McInnes Cooper • Michael Critch – NSB-
ExxonMobil has revised upward its 2025 crude oil production in Guyana on the back of its fourth deepwater project there. Under new estimates, Exxon expects to produce 800,000 bpd by 2025. And Guyana has even more optimistic projections for its crude oil production at 1 million bpd by 2027. Exxon’s fourth project, the Yellowtail project, […]
