Studies look at electrification from shore, wind energy as potential solutions for future projects ST. JOHN’S, N.L. — A pair of newly-released studies highlight ways Newfoundland and Labrador’s offshore oil sector can go greener in the future through the use of clean power. Wind energy and electrification via the shore are two options covered in […]
Liberals announce offer of $175M to Suncor and its partners in exchange for life extension for oil platform The provincial Liberal government, on the eve of what many expect is an election call, has revealed a costly plan, using public money as a bargaining chip, to get the Terra Nova FPSO back into production in […]
Pandemic reduced investment in offshore, but industry believes situation will improve The federal approval of three offshore exploration projects and a consolidation of Equinor’s Canadian operations in St. John’s is being viewed this week as a double-boost for a struggling offshore oil and gas industry. “It’s welcome news on both fronts,” Jim Keating, acting CEO [&hel
Equinor is moving staff to St. John’s, saying it’s no longer interested in Western Canada’s oil and gas opportunities CALGARY – Norway’s Equinor ASA is decamping from Calgary and moving staff across the country to St. John’s as the company is no longer interested in Western Canada’s oil and gas opportunities and will focus on […]
The Government of Canada is working to protect the environment while growing the economy and creating good jobs for Canadians. Today, the Minister of Environment and Climate Change, the Honourable Jonathan Wilkinson, announced that the proposed BHP Canada Exploration Drilling Project, Central Ridge Exploration Drilling Project and West Flemish Pass Exploration Drilling Project can proceed. [&helli
In the closing months of the Trump administration, energy companies stockpiled enough drilling permits for western public lands to keep pumping oil for years and undercut President-elect Joe Biden’s plans to curb new drilling because of climate change, according to public records and industry analysts. An Associated Press analysis of government data shows the permit […]
The province’s offshore regulator has issued a Significant Discovery licence to Equinor for the Harpoon O-85 exploration well. The recoverable oil volume from the Harpoon discovery is estimated at 40-million barrels. The Canada-Newfoundland and Labrador Offshore Petroleum Board’s interpretation of well and seismic data has resulted in an update to its reserves and resources table. [&he
As part of the Newfoundland and Labrador Offshore Oil and Gas Industry Recovery Assistance Fund, the Department of Industry, Energy and Technology announced today it is now accepting applications through a Call for Proposals to support oil and gas supply and service sector projects. Proposed projects must focus on industry-led activities that will sustain the […]
Noia is excited to be named Best Industry Association in Atlantic Business Magazine’s first annual Best of Atlantic Canada Readers’ Choice Awards. “It is truly an honour to be named the best industry association in Atlantic Canada,” said Karen Winsor, Chair of Noia’s Board of Directors. “Our staff and board members work extremely hard, tirelessly […]
CALGARY — Suncor Energy Inc. says it will take a $425-million impairment charge related to its stake in the White Rose offshore oilfield and West White Rose expansion project. While White Rose is currently producing, the $2.2-billion West White Rose Project was intended to access 200 million barrels of crude oil and extend the life […]
