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Wednesday, Sep 30th, 2020

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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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Trudeau says he doesn’t share the view that Canada’s oil and gas sector is beyond saving

Canada’s oilpatch is not dead, Prime Minister Justin Trudeau said Thursday, as political pressure mounted on the government not to provide any further bailouts to the struggling sector. Trudeau was speaking a day after Green parliamentary leader Elizabeth May and Bloc Quebecois Leader Yves-Francois Blanchet both said post-COVID-19 economic investments should focus not on the […]

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