OUR GREAT MINDS

Drilling Featured Stories:

    • ABB: Industry Now Has Remote Solutions during COVID-19 crisis

      by Tina Olivero

      “During the COVID-19 crisis, governments and companies are having to make difficult choices, balancing people’s safety with economic livelihood. ABB is committed to supporting both: protect people, while helping businesses to stay operational during these challenging times,” said Peter Terwiesch, President Industrial Automation, ABB. “Remote services and digital solutions can make a major contribution to […]

    • WE GOT GAS: Natural Gas

      by Tina Olivero

      There’s a lot of demand for LNG, especially in areas around the globe that do not readily have access to energy. According to the Canadian Association of Petroleum Producers, there is an estimated demand for Liquified Natural Gas amounting to an estimated 300 year supply in Canada. Natural Gas could mean securing Canada’s energy supply […]

    • OIL TANKER SIMULATOR: Donated by Teekay to MI

      by Tina Olivero

      The Centre for Marine Simulation at the Marine Institute received a welcome gift from Teekay (Atlantic) Management ULC. Teekay donated a ship bridge simulator providing a generous contribution to support the students of the Marine Institute. The offshore industry was gathered at the Marine Institute to celebrate the momentous event and included industry stakeholders and […]

    • PEAK DRILLING OFFSHORE NEWFOUNDLAND: 2021-2022

      by Tina Olivero

      Canada’s production and delivery of oil products, natural gas and electricity contributes about $170 billion to Canada’s GDP. The energy industry is one of the most important contributors to Canada’s economy and provides the foundation for our health care, education, and other social services in the country. According to Natural Resources Canada: In 2018, Canada’s […]

    • Drilling bonanza: on the way

      by Tina Olivero

      Key points $4 billion worth of exploration commitments for offshore Newfoundland are about to take place! Jim Keating of Nalcor Energy describes the drilling potential as, “a bow wave of investment as eight oil companies, with 10 exploration plans, launch exploration campaigns offshore Newfoundland.” Drilling Ratio’s for discovering oil is: seven exploration wells drilled for […]

    • $38.6 million in bids for Offshore Newfoundland

      by Tina Olivero

      November 6, 2019 The Honourable Siobhan Coady, Minister of Natural Resources, responded to the announcement that bids for exploration licenses offshore have been received as a result of the most recent calls for bids in the South Eastern Newfoundland Region and Jeanne d’Arc Regions, both located in the Canada-Newfoundland and Labrador Offshore Area. There was […]

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