Newfoundland and Labrador's Noia comments on industry task f

Newfoundland and Labrador's Noia comments on industry task force report


Newfoundland and Labrador’s 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.
“Authored by a group of Newfoundland and Labrador industry leaders with international expertise, this report is an excellent guidepost to reach our potential,” Noia CEO Charlene Johnson said. “I 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, including many of the recent requests Noia has made for our industry. For example, Noia has advocated for an entity - as exists in leading jurisdictions like the UK and Norway - with a mission of maximizing our resource benefits and ensuring local participation in the offshore oil and gas industry. Notably, the task force recommends the creation of such an agency – either new or through the province’s current oil and gas organization.”

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