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UPDATED Running out of time : Suncor set to abandon legacy oilfield offshore Canada

27 May 2021 10:49 GMT Updated  28 May 2021 8:43 GMT in  London Calgary-based Suncor looks set to announce a decision to abandon its Terra Nova oilfield offshore eastern Canada on 15 June, in what will be a bitter blow to Newfoundland & Labrador’s upstream sector. Terra Nova was producing between 2002 and late 2019 when the field’s floating production, storage and offloading vessel was removed from location in readiness for a planned upgrade at a Spanish shipyard before resuming operations back in the Jeanne d’Arc basin. In 2020, however, Suncor ditched its $500 million Asset Life Extension (ALE) project that aimed to recover an extra 80 million barrels of oil from Terra Nova and extend output to 2031, due to the impacts of Covid-19 and low oil prices.

Allan inquiry s credibility unravelling as fast as its confused mandate

Allan inquiry s credibility unravelling as fast as its confused mandate The outcome of a public inquiry is supposed to be based on facts, not on what a government minister would like to see. This inquiry, though, is based more on farce than fact. Social Sharing

Opinion: When will government union bosses be willing to share in the downturn?

Article content How many more Albertans need to lose their job before government union bosses are willing to accept a pay cut? It’s a serious question. Does the unemployment rate in Calgary and Edmonton need to be higher than in every other major Canadian city? That’s already happened. Does compensation paid to Alberta workers need to dip down below 2014 levels? That’s already happened too. Does the provincial government’s debt need to surpass $100 billion? That’s set to happen during spring 2021. We apologize, but this video has failed to load. Try refreshing your browser, or Opinion: When will government union bosses be willing to share in the downturn? Back to video

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