(St. John’s, NL – June 11, 2021) With the Suncor Energy deadline of June 15, 2021 quickly approaching for a decision on the asset life extension (ALE) project or abandonment of the Terra Nova FPSO, Noia has undertaken an analysis of the financial benefits of the Terra Nova project. Noia engaged Jupia Consultants, led by […]
(St. John’s, NL – June 10, 2021) The following is a statement from Noia CEO Charlene Johnson on today’s updates regarding negotiations about the future of the Terra Nova Floating Production Storage and Offloading (FPSO) vessel. “This situation impacts hundreds of Newfoundlanders and Labradorians who work both offshore and onshore for the operating partners. Those […]
(St. John’s, NL – June 9, 2021) In their review of the Government of Newfoundland and Labrador Budget 2021, many of the leading financial institutions in Canada highlight the significant role the offshore oil and gas industry continues to play, and will play, in bringing needed royalties and revenue into the province. This recognition of […]
(St. John’s, NL – June 8, 2021) Noia recently engaged a public opinion firm to survey Newfoundlanders and Labradorians about their support for the offshore oil and gas industry, and the Terra Nova Project specifically. Not surprisingly to Noia, the vast majority of respondents support the industry and efforts to ensure the Terra Nova Project […]
(St. John’s, NL – May 27, 2021) During a recent call with investors, Suncor Energy CEO Mark Little commented on the future of the Terra Nova FPSO and efforts to confirm the Asset Life Extension project of the vessel. Mr. Little stated that a deadline to decide on the project has been set for June […]
(St. John’s, NL – May 18, 2021) The following statement was issued today by Noia CEO Charlene Johnson on the recent passing of Mr. Roy Farrell, former Chair of the Noia Board of Directors. “The Newfoundland and Labrador offshore oil and gas sector recently lost a leader and an industry champion. “Roy Farrell was first […]
(St. John’s, NL – May 6, 2021) Please find below a statement from Noia CEO Charlene Johnson on the Premier’s Economic Recovery Team report. “I would first like to thank Dame Moya Greene and the entire Premier’s Economic Recovery Team for undertaking a thorough consultation process and review of Newfoundland and Labrador’s financial circumstances. Secondly, [&hel
(St. John’s, NL – May 3, 2021) On Friday, Suncor Energy issued Expressions of Interest (EOI) related to the Terra Nova Floating, Production Storage and Offloading (FPSO) vessel located on the Terra Nova offshore field. Two EOIs prepare for decommissioning of the FPSO and the field and another provides an update to a previous EOI […]
(St. John’s, NL – April 30, 2021) Yesterday, the Government of Newfoundland and Labrador released the Oil and Gas Industry Recovery Task Force Report which contains 52 recommendations pertaining to the Newfoundland and Labrador offshore oil and gas industry. While Noia is currently reviewing the recommendations, the association is initially pleased with the recommendations and [&hellip
The following candidates are seeking election for the 2021 Noia Board of Directors: For the position of Vice-Chair: Christian Somerton (acclaimed) For the position of Treasurer: Gerry Mayo, PF Collins International Trade Solutions (acclaimed) For the position of Director (3 vacancies) *: Paul Broders, Wood Caron Hawco, Caron Hawco Group Inc. Kristina Ennis, SEM Ltd. […]
