Suncor CEO offers little hope for Terra Nova as brick wall date approaches
Hope for a renewed life for the Terra Nova oilfield in Newfoundland and Labrador s offshore is fading, as Suncor has set a June 15 deadline to reach an agreement.
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CBC News ·
Posted: May 27, 2021 11:18 AM NT | Last Updated: May 27
The Terra Nova FPSO is pictured here dockside at the Bull Arm fabrication facility in Trinity Bay. The vessel has not produced oil in Newfoundland and Labrador s offshore since late 2019.(Newfoundland Offshore/Facebook)
N.L. has been told to stop depending on oil. How is it going to do that? With oil
The Greene report is big on a green future for Newfoundland and Labrador. But as John Gushue writes, it also assumes that the oil industry will stay lucrative enough to help the province shift to a future that doesn t need it.
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Moya Greene s PERT report envisions a green economy, but oil is still very much on the agenda
Posted: May 08, 2021 6:00 AM NT | Last Updated: May 8
Exploration
On location: The drillship Stena Forth is drilling ahead on the Pelles well offshore Newfoundland & Labrador, Canada. Photo: HESS/SCANPIX East Canada wildcat spuds for CNOOC International
CNOOC International starts drilling well 6 May 2021 8:51 GMT Updated 6 May 2021 8:51 GMT in London
Stena Drilling’s drillship Stena Forth has spudded CNOOC International’s Pelles A-71 wildcat well offshore eastern Canada. The well was spud earlier this week, said a spokesman for the Canada-Newfoundland & Labrador Offshore Petroleum Board (CNLOPB), which regulates oil and gas activities in this part
Newfoundland and Labradorâs Noia CEO comments on the Premierâs economic Recovery Team Report By Noia on 5/6/2021
Noia CEO Charlene Johnson said the Premierâs Economic Recovery Team report highlights the need for a competitive regulatory regime that allows the Newfoundland and Labrador offshore oil and gas industry to successfully bring projects to market.
Johnson thanked Dame Moya Greene and the Premierâs Economic Recovery Team for undertaking a thorough consultation process and review of Newfoundland and Labradorâs financial circumstances. âSecondly, I commend the report for highlighting the significant role the Newfoundland and Labrador offshore oil and gas industry can and should play in helping our province overcome its current fiscal challenges,â Johnson said. âWe have long known the important role the offshore oil and gas sector plays in our province in terms of revenue, royalties, jobs, skills developm
Newfoundland and Labradorâs Noia comments on industry task force report 4/30/2021
Thursday, the Government of Newfoundland and Labrador released the Oil and Gas Industry Recovery Task Force Report which contains 52 recommendations pertaining to the Newfoundland and Labrador offshore oil and gas industry. While Noia is currently reviewing the recommendations, the association is initially pleased with the recommendations and the approach of the task force to deal with current challenges and prepare for the future.
âAuthored by a group of Newfoundland and Labrador industry leaders with international expertise, this report is an excellent guidepost to reach our potential,â Noia CEO Charlene Johnson said. âI would like to thank the members of the task force for their hard work, consultation and collaboration, and commitment to get this done. While we are still reviewing the report, there are a number of positive recommendations, incl