OUR GREAT MINDS

Exploration & Production Featured Stories:

    • Could Newfoundland Boom With An Offshore Land Lottery?

      by Tina Olivero

      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 […]

    • ABB: increases offshore wind reliability

      by Tina Olivero

      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, […]

    • 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 […]

    • 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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