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Monday, Aug 2nd, 2021

News

Month: October 2020

Husky Remains Optimistic on Future of West White Rose

Despite shelving West White Rose for the 2021 construction period, Husky executives remain optimistic about the future of the project. Earlier this week, it was announced that Husky was being bought out by Cenovus Energy Inc. in an all-stock deal valued at $23.6-billion. At a teleconference yesterday regarding Husky’s third-quarter results, CEO Rob Peabody explained […]

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Oil discoveries offshore Newfoundland, Canada

(Oct. 29, 2020) Equinor (60%), and its partner BP Canada (40%), have made two oil discoveries offshore Newfoundland, Canada. The two wells at the Cappahayden and Cambriol prospects, drilled this summer in the Flemish Pass Basin, have proven the presence of hydrocarbons; however, it is too early to provide specific information on volume

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Noia’s Fall Seminar 2020

Noia’s Fall Seminar 2020 Not your typical virtual event For the oil and gas industry, 2020 has been a devastating year. The COVID-19 pandemic and collapse of oil prices have had significant impacts for our industry, Noia members, and Noia itself. Over the last eight months Noia has diligently worked to help our members and […]

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Drilling contract seen as an N.L. oil industry win following a series of pandemic setbacks

Chinese company ‘very interested’ in province’s new exploration incentive program, says energy department The province’s oil and gas association is heralding a new drilling contract in the Flemish Pass as a rare victory for the struggling Newfoundland and Labrador offshore oil industry. CNOOC Petroleum North America is set to create a single exploration well in […]

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Change in the wind? Port of Argentia has deal with Alberta company to explore Newfoundland’s wind-farm potential

CEO says move part of a strategy to diversify local economy ARGENTIA, N.L. — Port of Argentia is hoping its strong southwest winds can convince an Alberta energy company to invest millions of dollars in the local economy. On Monday, the organization announced the signing of a memorandum of understanding (MOU) with Clem Geo-Energy Corp. […]

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