As the promise of government relief funds begin to flow, the perils of the pandemic continue to plague Newfoundland and Labrador’s offshore oil and gas industry. Though oil production continues at Hibernia, Hebron and the SeaRose Floating Production Storage and Offloading Vessel (FPSO), the Terra Nova FPSO has not produced oil in over a year. The […]
(St. John’s, NL – March 12, 2021) Twelve years ago today, our province experienced the tragic loss of 17 people when Flight 491 crashed in the waters off Newfoundland and Labrador. Today Noia remembers those individuals, their family and friends, as well as the lone survivor of the crash. “Flight 491 serves as a constant […]
There are three primary challenges facing the oil and gas industry today. The first is to produce more energy at lower cost with less emissions. The global population is increasing, and energy demand post COVID-19 will not only recover, but also increase. At the same time, the world is demanding cleaner energy so oil and […]
Equinor and partners Vår Energi and Petoro have struck oil in exploration well 7220/7-4 in production license 532 in the Barents Sea. Recoverable resources are so far estimated at between 5 and 8 million standard cubic meters of recoverable oil, corresponding to 31 – 50 million barrels of recoverable oil. “Succeeding in the Barents Sea […]
Alberta believes the plan will reduce emissions by 30 mega tonnes by 2030 — equivalent to an 11 per cent reduction of its total emissions CALGARY — As the federal government is set to unveil new emissions reductions target at a global climate summit next month, Alberta is drawing up a $30 billion carbon reduction […]
Charlene Johnson CEO, Noia Co-chair, Petroleum Industry Human Resources Committee Director, Janeway Children’s Hospital Foundation Advisory Board Member, Husky Centre for Excellence in Sales and Supply Chain Management, MUN Faculty of Business Member, St. John’s International Airport Authority Airport Air Access Committee A former member of N.L.’s House of Assembly (2003-14), Cha
St. John’s, NL (March 5, 2021) – At 9:48 a.m. March 12, 2009, the accident of Cougar Flight 491 off the coast of St. John’s, NL, resulted in the loss of life of 17 people. This year marks the twelfth anniversary of this loss of life. Due to public health measures, this year’s memorial service […]
Noia has launched a new blog, CEO Corner, as a way for CEO Charlene Johnson to communicate and connect with members. The blog will provide Charlene with the opportunity to discuss important and relevant issues about our offshore oil and gas industry and share information about Noia’s advocacy efforts. The inaugural edition of the CEO […]
Offshore project commitments are expected to not only recover going forward, but their number is also set to reach a new record in the five-year period towards 2025, cumulatively almost 600 projects, a Rystad Energy report shows. Deepwater commitments will enjoy the largest growth as their cost has now become much more competitive against greenfield […]
OPEC+ relations are likely to be strained as prices continue to rise, oil demand increases, and the more financially distressed oil producers look to take advantage of increased prices in the short-term as well as a higher outlook for prices between now and the end of 2022. That’s what Matthew Bey, a Stratfor analyst with […]
