Husky says the $320-million package for the oil and gas industry will do nothing to get the West White Rose project going for the next construction season in 2021. 2,000 jobs are at stake, making it the largest single project for offshore Newfoundland and Labrador. Company VP Jonathan Brown says the company was looking for […]
The federal government has pledged $320 million to support offshore oil jobs in Newfoundland and Labrador. Natural Resources Minister Seamus O’Regan was in St. John’s on Friday to announce the new measures, after six months of lobbying from oil industry groups and workers demanding assistance. O’Regan said the money will “support jobs and ensure the […]
Today, the Government of Newfoundland and Labrador announced the establishment of a new offshore exploration initiative to provide companies with the incentive to drill more wells in the best prospects. This is a policy measure that will allow all future bid deposit forfeitures to be reinvested as received, resulting in an injection of hundreds of […]
CALGARY, AB, Sept. 22, 2020 /CNW/ – The state of our country’s economy is the biggest issue of the day for Canadians, according to a new poll from IPSOS. The poll has 44 per cent of Canadians choosing the economy as the biggest priority for government, even putting it ahead of healthcare (chosen as the […]
Oil and gas project sanctions, especially in the offshore segment, are expected to rebound next year compared to the COVID-19 ravaged 2020, and even exceed the pre-pandemic levels from 2022 onwards, energy market analysts from Rystad Energy have said. Rystad on Tuesday somewhat upgraded its expectations for 2020 too, and now expects oil and gas […]
O’Regan offers some clues on energy plan as oil and gas sector worries about being left out in economic recovery plans Canada’s Natural Resources Minister Seamus O’Regan is a fan of the movie Fight Club and is living by at least one of its rules right now. “Throne Speeches are like Fight Club. It’s not […]
The Oil & Gas Technology Center (OGTC) has released a new report roadmapping the critical technologies needed to deliver an integrated net-zero energy system on the UK Continental Shelf (UKCS). Several “crucial” technologies were highlighted in the report, including oil and gas platform electrification; hydrogen membranes and CO2 sorbents to improve blue hydrogen yield; new [&helli
ST. JOHN’S, N.L. — Premier Andrew Furey says his leverage toward ushering along federal dollars to support the oil and gas industry in Newfoundland and Labrador is his ability to pick up the phone and tell Ottawa of the hardship faced by the industry in the province. Furey spoke to a crowd of hundreds of […]
Industry has lobbied for months asking for help Lobbying cries boomed from the front steps of Confederation Building Wednesday afternoon as hundreds of oil and gas workers and their supporters rallied to escalate their demand for all levels of government to take action and help the struggling industry. “What do we want? Political support. When […]
There’s no way the Newfoundland and Labrador government can afford Husky Energy’s request for a massive oil project buy-in, Premier Andrew Furey said Monday.“It’s time to start being honest,” he told reporters following the reopening of the provincial legislature. The legislature resumed so the minority Liberal government could introduce a supply bill to keep operatio
