Oil major ExxonMobil has increased its estimate of the discovered recoverable resource for the Stabroek Block offshore Guyana to approximately 10 billion oil-equivalent barrels following its latest discovery. The updated resource estimate includes a new discovery at the Cataback-1 well, which brings the total significant discoveries to more than 20 within the Stabroek Block, ExxonMobil […]
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) is excited to launch a new, map-based Data and Information Hub (Information Hub), created and developed by Board staff to modernize access to technical information housed by the C-NLOPB. Over the past 18 months, staff have uploaded over 40,000 individual files to the Information Hub. Stakeholders will […]
In the throes of fundamental change, the world’s energy system has become strikingly more fragile and easier to shock The world is living through the first major energy crisis of the clean-power transition. It won’t be the last. The shortages jolting natural gas and electricity markets from the U.K. to China are unfolding just as […]
The global energy crunch could help propel oil prices above US$100 a barrel for the first time since 2014 and spur a global economic crisis, according to Bank of America. Natural gas prices have already surged to almost double that level in oil equivalent terms, and BofA says a spike in demand for diesel could […]
Benchmark U.S. crude oil prices punched through US$75 a barrel earlier this week and are expected to head higher. At the same time, natural gas prices have shot up to record levels in Europe and have been climbing in North America. With all of the talk about the transition away from fossil fuels, it’s easy […]
For Immediate Release September 29, 2021 The Canada-Newfoundland and Labrador Offshore Petroleum Board is announcing its intention to close Call for Bids NL16-CFB03 in the Labrador South Region on December 22, 2021, conditional on completion and public release of the Labrador Shelf Offshore Area Strategic Environmental Assessment Update (SEA Update) this Fall. The SEA Update, […]
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has issued a Call for Nominations (Parcels) NL21-CFN01 in the Eastern Newfoundland Region (Sector NL05-EN), Call for Nominations (Parcels) NL21-CFN02 in the South Eastern Newfoundland Region (Sector NL02-SEN) and a Call for Nominations (Parcels) NL21-CFN03 in the Jeanne d’Arc Region. These Calls for Nominations will assi
Vacationers may have stopped flying during the pandemic, but international travel is still a necessity for business. And for people like Gerry Mayo, it means extra layers of complications moving foreign workers to job sites in the Newfoundland offshore. Mayo is vice president of operations and an immigration consultant with the firm P.F. Collins in […]
TradesNL watching closely for developments in West White Rose re-start and Bay du Nord The group that represents 16 trade unions and about 18,000 tradespeople in Newfoundland and Labrador is optimistic for the restart of the West White Rose expansion project, following this week’s annual conference of the Newfoundland Offshore Industry Association (NOIA). Jonathon Brown, […]
Quebec is preparing to close the books for good on oil and gas production in the province after a flirtation with the industry that stretches back decades. But companies with exploration permits aren’t packing up without a fight. In the latest development, Utica Resources Inc., a small Quebec-based company that was closer than any other […]
