News Releases

(St. John’s, NL– June 29, 2020) AltoMaxx, a local UAV (unmanned aerial vehicle) training centre and service provider, was on the cusp of exponential growth when COVID-19 and the offshore industry crisis created uncertainty with the company’s plans for expansion. AltoMaxx began operations in 2018 with its head office in St. John’s, Newfoundland and Labrador, […]

(St. John’s, NL – June 24, 2020) Oceans Ltd., a locally owned company with offices in St. John’s, Newfoundland and Labrador and Halifax, Nova Scotia, has been struck particularly hard by the recent economic crisis.  The crash in global oil prices, coupled with the COVID-19 pandemic, has created significant financial challenges for the company which […]

(St. John’s, NL – June 22, 2020) The Luxus Boutique Hotel, Lounge & Café, a 5-star property located in the heart of downtown St. John’s, has attributed much of its success to the offshore oil & gas industry. Established in 2015, the thriving local economy was conducive to full occupancy and a bustling lounge & […]

(St. John’s, NL, Canada – June 19, 2020) K&D Pratt has expressed grave concern for the economic future of the province without a solid investment from the Government of Canada in Newfoundland and Labrador’s offshore industry. The company fears that many of the supply and drilling companies currently doing business in Newfoundland and Labrador have […]