Noia’s Fall Seminar 2020 Not your typical virtual event For the oil and gas industry, 2020 has been a devastating year. The COVID-19 pandemic and collapse of oil prices have had significant impacts for our industry, Noia members, and Noia itself. Over the last eight months Noia has diligently worked to help our members and […]
Husky hopes some federal money can be used to secure long-term success of White Rose field There are immediate implications for Newfoundland and Labrador from a major shakeup in the Canadian oil sector, with Husky Energy confirming construction on the stalled West White Rose extension project will not resume in 2021. The decision follows news […]
In his second time speaking to Newfoundland and Labrador issues this week, Prime Minister Justin Trudeau has addressed the challenges facing the province and the need to navigate toward a changing future, particularly for the oil and gas sector. The challenges in that sector are many, and have been loudly articulated by the industry over […]
Potential buyer makes plea for refinery to be kept in ‘warm idle’ mode to allow for quick restart The owner of the idled Come By Chance oil refinery has asked the utility regulator in Newfoundland and Labrador to “expeditiously” increase certain fuel prices. That’s because the company says its costs to supply the market have […]
Chinese company ‘very interested’ in province’s new exploration incentive program, says energy department The province’s oil and gas association is heralding a new drilling contract in the Flemish Pass as a rare victory for the struggling Newfoundland and Labrador offshore oil industry. CNOOC Petroleum North America is set to create a single exploration well in […]
CEO says move part of a strategy to diversify local economy ARGENTIA, N.L. — Port of Argentia is hoping its strong southwest winds can convince an Alberta energy company to invest millions of dollars in the local economy. On Monday, the organization announced the signing of a memorandum of understanding (MOU) with Clem Geo-Energy Corp. […]
Stena Drilling are pleased to announce that a contract has been signed with #CNOOC Petroleum North America ULC, utilising Mobile Offshore Drilling Unit (MODU) #StenaForth. The drilling program shall be a one (1) well campaign lasting approximately 90 days offshore #newfoundlandandlabrador in the #FlemishPass. #StenaForth shall mobilise to #Canada with an estimated commence
Federal natural resources minister says there’s no appetite for government investment in oil projects The federal government will continue doing what it can be be helpful, but will not buy an equity stake into the stalled West White Rose extension in order to save the multibillion-dollar project, says the natural resources minister. Seamus O’Regan on […]
Executive Council Industry, Energy and Technology October 15, 2020 The Honourable Andrew Furey, Premier of Newfoundland and Labrador, and the Honourable Andrew Parsons, Minister of Industry, Energy and Technology, today announced the members and terms of reference for the Oil and Gas Industry Recovery Task Force. Task force members, who are working on a volunteer […]
With a sharp decline in activity and offshore personnel, helicopter and supply ship demand has fallen sharply Those looking for signs of how tough things have become in Eastern Canada’s offshore oil and gas industry need only look up in the air, or out to sea. With fewer personnel offshore, the familiar sound of a […]
