New forecasts show dramatically lower expectations for 2020 capital spending in the oil and gas sector both nationally and in Alberta, the province that produces 65 per cent of Canada’s natural gas and 82 per cent of its oil. The Canadian Association of Petroleum Producers now estimates that $23.3 billion in capital will be invested […]
The provincial government is still seeking incentives to help stimulate exploration in the Newfoundland offshore. This week the federal government announced that offshore exploration wells will be moved to a regional environmental assessment process through the impact assessment agency, greatly reducing the amount of time for approval. That still falls short of the incentives those […]
Federal Natural Resources Minister Seamus O’Regan says a federal exemption of exploratory wells in the province’s offshore oil and gas industry will ensure the industry is competitive after the COVID-19 pandemic. Federal Environment Minister Jonathan Wilkinson introduced the exemption on Thursday. The move means exploratory drilling in a specific area of the province’s offshore i
The following is a statement by Noia CEO Charlene Johnson on the regulation for the regional assessment for offshore Newfoundland and Labrador. “Noia would like to thank the governments of Newfoundland and Labrador and Canada, particularly Premier Ball and ministers Coady, O’Regan and Wilkinson, as well as the Regional Assessment Committee, for their work to […]
Unions says industry downturn a ‘smack in the face’ for workers, province The company that directs drilling operations on the Hibernia oil platform will begin reducing its workforce later this month, according to documents obtained by CBC News. The union representing many of those workers is bracing for what it says is shaping up to […]
By Kieran Hanley, Executive Director for the Newfoundland and Labrador Environmental Industry Association (NEIA). The success of our offshore oil and gas industry is critical to Newfoundland and Labrador’s economy. We know this. But what may be surprising is that it is also a centrepiece of the province’s clean growth strategy. Let’s be clear: urgent […]
No injuries, no gas or crude on board the vessel, C-NLOPB says Newfoundland and Labrador’s offshore oil regulator says it was notified early Saturday morning of a fire onboard the Terra Nova FPSO. The Canada-Newfoundland and Labrador Offshore Petroleum Board said that it had been told by Suncor Energy that the fire was extinguished, everyone on board is accounted for
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 […]
Opposition PCs raise questions about possible sale, and what it might mean for refinery In another shakeup in the Newfoundland and Labrador oil sector, Irving Oil announced Thursday that it has reached an agreement to purchase the idled refinery at Come By Chance. In a news release late Thursday morning, New Brunswick-based Irving Oil confirmed it […]
The Newfoundland and Labrador government wants Ottawa to “step up” and provide financial support to the province’s beleaguered energy sector, or risk losing the industry to other countries with more attractive incentives. Premier Dwight Ball and Natural Resources Minister Siobhan Coady joined a host of oil and gas industry players Tuesday for a public plea […]
