A Newfoundland and Labrador company has landed a major contract with the Canadian Space Agency and they are hoping it will have positive impacts on the local economy. C-CORE recently inked a $350,000 deal to replace the agency’s third generation of RADARSAT technology. RADARSAT’s third generation is a constellation of three satellites used to observe […]
‘We are ready to go. We are trained,’ says union president On Thursday 23 people were given the notice they will be out of work, marking another grim day for the Come By Chance oil refinery as the future of its operation remains hanging in the balance. “Today is a bad day again,” Glenn Nolan, […]
Ripple effect from closure would reach all corners of the province, analyst says Fred Bergman hardly takes a breath as he rattles off the list of economic injuries. Most notably, there’s the income losses for 500 people who work at the oil refinery in Come By Chance, N.L., many of them making salaries in excess […]
Another blow for the local oil and gas sector. Husky Energy has confirmed layoffs in this province effective today. Husky says it will not be sharing the number of jobs affected, but unconfirmed reports to VOCM News indicate it may be in the dozens The company says a decision on the ongoing review of its […]
Origin International says it’s awaiting further clarity on Come by Chance site While the permanent closure of the Come by Chance oil refinery is not a done deal just yet, job cuts are coming this week, according to the union representing workers at the site. While sources initially told CBC News on Monday night the […]
The federal minister of Natural Resources is responding to former Prime Minister Brian Mulroney for his comments urging more support at the provincial and federal levels for the offshore. On Thursday, Mulroney addressed the PC membership ahead of the AGM. He called the $320 million in federal funding a good first step, but that more […]
Mulroney says pandemic, ‘short-sighted thinking’ should not be allowed to kill industry The former Canadian prime minister who championed joint management of Newfoundland and Labrador’s offshore oil industry— and overcame heavy odds 30 years ago to save the Hibernia megaproject — says it’s time once again for Ottawa to step forward and prevent the industry [&hel
Third development on the prolific Stabroek Block to commence production in 2024 US supermajor ExxonMobil has taken a final investment decision on its Payara development, on the Stabroek Block, offshore Guyana. ExxonMobil confirmed late Wednesday it was moving ahead with the $9 billion development after receiving government approvals. It follows reports last week the company […]
Blocks are part of a bigger bid round that closes on 4 November and centres on the province’s promising Orphan basin More than 11 billion barrels of oil and 24 trillion cubic feet of gas resources may be housed in six blocks in the promising Orphan basin off Newfoundland & Labrador in Canada, that are […]
Results show potential of 11.1 billion barrels of oil and 24.5 trillion cubic feet of natural gas September 29, 2020, St. John’s, NL – Newfoundland and Labrador’s 2020 Independent Oil and Gas Resource Assessment results show 11.1 billion barrels of oil and 24.5 trillion cubic feet of natural gas potential offshore. The assessment findings were […]
