The Honourable Andrew Furey, Premier of Newfoundland and Labrador, along with the Honourable Andrew Parsons, Minister of Industry, Energy and Technology, today announced financial support for 26 supply and service projects through the Newfoundland and Labrador Offshore Oil and Gas Industry Recovery Assistance Fund, totaling approximately $35.5 million. The announcement was held at Fisheries and [&
Stakeholders say there is a hard course ahead for the province in the wake of Canada’s commitments at the COP26 summit Ocean scientist Brad deYoung likens COP26 to a slight correction in steering the Titanic. COP26 was the United Nations conference on climate change that recently wrapped up in Glasgow, Scotland. “We kind of expect […]
‘The reality is that the energy industry in Newfoundland and Labrador has transformed its economy’ The oil and gas industry in Atlantic Canada is an important economic driver for the region with ripple effects throughout the entire economy impacting thousands of people who live and work on the East Coast. “The reality is that the […]
U.S. oil major ExxonMobil has awarded a drilling contract to drilling contractor Stena Drilling for the Stena Forth drillship. ExxonMobil will use the drilling rig for operations offshore Eastern Canada, in the second half of 2022. The contract is for one firm well. To drill the well in Canada for ExxonMobil, Stena Drilling will move […]
Company sees new normal emerging as energy mix shifts from fossil to renewable fuels TechnipFMC forecasts a strong period of offshore growth up to 2025, with even greater spending on deep-water in the second half of the decade — along with increased growth in its services and energy transition business over the long term. The […]
David Suzuki urges provincial government — and individuals — to stop relying on fossil fuels immediately Canadian climate activist David Suzuki says Newfoundland and Labrador Premier Andrew Furey’s sales pitch at COP26 for provincially produced oil was the wrong thing to do. Suzuki said he didn’t attend the United Nations climate change conference because he […]
Equinor ‘committed to moving forward’ with plan to make Bay du Nord Canada’s lowest-emitting oil project Norwegian energy giant Equinor is sending some strong signals that it plans to move ahead with the on-again, off-again Bay du Nord development in Newfoundland and Labrador’s offshore, with ambitions to make it Canada’s lowest-emitting oil project. The latest [&hell
Technology has been very important for developing the oil and gas industry in Norway. The Norwegian Petroleum Directorate is now stepping up its efforts to stimulate the industry to develop and utilise new technology to an even greater extent. The NPD’s new technology strategy is particularly focused on technology areas the NPD believes will be […]
Topsides study will be a critical in designing concept needed for a “low maintenance” facility sited 500 kilometres offshore Norwegian major Equinor has hit the contractor market with an inquiry covering topsides engineering on its huge new, rebooted Bay du Nord oil project offshore eastern Canada. Upstream reported last month that the operator had reignited […]
‘This is an opportunity for Alberta to create generational wealth for the province. We have an opportunity to be a leader in clean, affordable energy,’ said Associate Natural Gas Minister Dale Nally If you want to know how big the potential prize is for Alberta to grow its hydrogen industry, Associate Natural Gas Minister Dale […]
