Latest Breaking News On - சார்லின் ஜான்சன் - Page 1 : vimarsana.com

Noia concludes its 2021 Oil & Gas Conference

Noia's Oil & Gas Conference 2021 begins with a focus on cleantech and local content

'Muskrat off their backs': How a string of deals to save major projects bodes well for Newfoundland's economic prospects

Suncor extends lifeline for Terra Nova offshore project, ups stake to 48 per cent

With Suncor's announcement of a tentative agreement to save NL oilfields, Terra Nova's new hope

Suncor extends lifeline for Terra Nova offshore project, ups stake to 48%

Suncor Energy and Terra Nova partners agree to short-term project funding

Noia's Charlene Johnson touts importance of Terra Nova before union group

Partners set to walk away from East Canada oilfield as rescue talks fail

11 June 2021 13:34 GMT Updated  11 June 2021 13:37 GMT in  London The end is nigh for Suncor's Terra Nova project offshore eastern Canada, despite the best efforts of the provincial government to find a way to prevent the oilfield being abandoned. 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.

We've gotten ourselves into a mess. Oil, developed properly, can get us out of it

Newfoundland and Labrador is in a financially dark place but can rely on the offshore oil industry to light the way out, writes Mark Collett in a column for CBC Opinion.