AVO compliant, fast-track PSTM products are now available for Blomidon, South Bank, and Torngat Extension, three new PGS surveys offshore Newfoundland and Labrador. Final full-integrity PSTM GeoStreamer data will be available in Q1 2021 and QI products in Q2. Three new GeoStreamer 3D surveys in eastern Newfoundland, south-eastern Newfoundland, and south Labrador together cover approximately [&hell
OTTAWA (Reuters) – Canada welcomes the choice of John Kerry as new U.S. climate envoy but will press Washington not to cancel permits for an oil pipeline he opposes, Ottawa’s ambassador to the United States said on Tuesday. “We see a huge number of opportunities to work with the Americans on the international stage and […]
A strange, new arrival appeared in Conception Bay this summer, a sight so unusual that it drew crowds to the shoreline and so large that it dwarfed the jagged, brown cliffs of nearby Bell Island. The Terra Nova, a towering, deep-sea oil rig normally anchored 350 kilometres out in the North Atlantic, has been floating […]
For the oil and gas industry, 2020 has been a devastating year. The Covid-19 pandemic and the collapse of oil prices have had significant impacts for our industry, including East Canada’s offshore sector. To help define a “new normal,” the Newfoundland & Labrador Oil & Gas Industries Association (Noia) sponsored a virtual fall seminar entitled, […]
A potentially supersize oil field in the Orphan Basin could be powered by hydroelectricity from Labrador In an era where environmental considerations are becoming as important as costs to oil companies, the future of Newfoundland and Labrador’s offshore industry could get a charge from Muskrat Falls. That was one of the scenarios laid out Wednesday […]
Marginal improvement expected in 2021 as new forecast released Mark Scholz remembers sitting in his office in mid-June and receiving his daily report on how many oil and gas drilling rigs were operating. There are more than 500 rigs in Western Canada, but on that day amid bargain oil prices, only six were actually deployed. […]
A task force tapped to recommend how best to divvy up $320-million in federal funding for the province’s offshore oil industry is making great progress, according to Premier Andrew Furey. In fact, he says he expects to receive recommendations from the task force ahead of schedule, though he didn’t set a date or timeline. He […]
Today is the last day to register for Fall Seminar 2020 – Evolving Our Offshore: Balancing the Energy Mix, taking place on Wednesday, November 18 from 9:00 a.m. – 3:30 p.m. Register HERE. You do not want to miss Fall Seminar 2020 which will offer: • Interactive 3D platform • Interactive breakout sessions • One-on-one […]
Company says offer to buy North Atlantic would not benefit Newfoundland and Labrador long-term The owner of the idled Come By Chance oil refinery has rejected an American company’s offer to buy it. Silverpeak, owner of North Atlantic Refining Ltd. (NARL), issued a statement about Origin International’s bid late Thursday afternoon. The company said Orgin’s […]
Federal Natural Resources Minister Seamus O’Regan is defending the amount of funding provided to sustain the province’s oil industry through the global pandemic. Ottawa pledged $320-million to support jobs, plus another $75-million to lower greenhouse gas emissions from crude production. The money is specifically for the offshore oil industry and can also be used for […]
