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OUR GREAT MINDS
OUR GREAT MINDS
Community and business leaders, as well as supporters throughout Canada, are united to send a clear message to the Government of Canada that action is needed to attract investment in the offshore oil and gas industry and help thousands of Canadians get back to work. Upwards of 100 leaders have spoken out about what the […]
Subsea technology has drastically improved in the last two decades in terms of functionality and reliability, with notable strides made in areas such as subsea processing, subsea storage, subsea-to-shore and power distribution. This has enabled upstream companies to expand the scale of their deepwater projects, says GlobalData, a leading data and analytics company. GlobalData’s latest […]
The temporary tax relief proposal announced by the Norwegian Government, and designed to ensure near-term investment in the country, could double industry post-tax cash flow in 2020 and 2021, which would increase company liquidity in the short term, according to leading data and analytics company GlobalData, a leading data and analytics company. GlobalData’s report, ‘COVID-19 […]
Covid-19 has much the world’s oil and gas industry on hold. When we stop moving, we stop using energy at the level we did. On top of a dramatic decrease in oil and gas consumption, oil prices have drastically declined. As a result of these two factors, oil companies and contractors have laid off employees […]
Offshore wind energy has long been a possibility for renewable energy solutions however it’s been impeded by unreliability as wind is not a stable ever present source of energy generation. Even for places like Offshore Newfoundland, which is one of the top 10 windiest places on earth, there’s still a consideration of a consistent, steady, […]
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 […]
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 […]
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 […]
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 […]
The Honourable Siobhan Coady, Minister of Natural Resources, released the 2019 oil and gas resource assessment results which identify an additional 3 billion barrels of oil and 5.8 trillion cubic feet of gas potential offshore Newfoundland. In total, there is a combined resource potential of 52.2 billion barrels of oil and 199.6 trillion cubic feet […]
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