THE OGM: 30 YEARS IN BUSINESS Edition - Read Now!
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OUR GREAT MINDS
OUR GREAT MINDS
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 […]
BHP was first introduced to the world as silver, lead and zinc producer in Broken Hill, Australia. That was way back in 1885. BHP grew to become a powerful and well-established entity and in 2001 a merger between Global Natural Resources company and Billiton (a South African mining company) formed BHP Billiton which was headquartered in […]
In the last 18 months, we have seen a shower of unfortunate events take place in the oil and gas industry Offshore Newfoundland; The dispute over Bill C69, four oil spills and now the fishing industry is upset about potential disruption in important fishing zones. One has to wonder, why is this happening now when […]
July 24th, 2019 Indonesia and Malaysia will contribute around 80% of the Southeast Asia’s total crude production from eight planned and announced projects in 2025, according to GlobalData, a leading data and analytics company. The company’s report: ‘H1 2019 Production and Capital Expenditure Outlook for Key Planned and Announced Upstream Projects in Southeast Asia – […]
July 24th, 2019 Global technology leader ABB and Norwegian fast-growing oil and gas producer OKEA have signed a Memorandum of Understanding (MoU) agreement to support OKEA achieve substantial productivity gains using agile and dynamic business models. The MoU reflects future potential for OKEA to leverage ABB’s global digital leadership and industry experience in sustaining lean […]
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