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Today’s Date

Saturday, May 30th, 2020

News

Author: Marilyn Buckingham

Irving Oil’s Come By Chance refinery purchase a ‘building block’ to get Western Canadian oil east

CALGARY – One of Canada’s richest families is buying Newfoundland and Labrador’s only oil refinery, which will be a “building block” in a larger strategy to process more Canadian oil. Saint John, N.B.-based Irving Oil announced Thursday plans to buy North Atlantic Refining Corp. and its Come By Chance, Nfld. refinery from New York-based investment […]

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Seamus O’Regan says ‘exploration is key’ to federal help for N.L. offshore oil industry

Noia CEO says companies ‘are really worried about survival’ as pandemic ravages oilpatch The federal natural resources minister says Ottawa is focusing on incentives based on exploration to help the Newfoundland offshore oil industry as it deals with the crippling fallout of COVID-19. “Exploration is key,” Seamus O’Regan told CBC News. “We recognize that.”

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Suncor says ‘no decision made’ on Eastern Canada oilfield

Federal and provincial officials holding conversations with operator to support project Canadian integrated Suncor Energy on Tuesday downplayed media reports that the Terra Nova oilfield off the eastern Canadian province of Newfoundland and Labrador would remain shut-in through 2022. “I want to be clear that no decisions have been made to shutdown production operations on […]

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Terra Nova oilfield will reportedly shut down through 2022

Premier Dwight Ball says ‘offshore industry has undergone tremendous challenges’ Premier Dwight Ball says the Terra Nova oilfield has been “extremely important” for Newfoundland and Labrador, amid reports that Suncor is shutting down production there until 2022. Ball was responding to a question from the business news website Allnewfoundlandlabrador.com, which broke the new

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