OUR GREAT MINDS

Marine & Offshore Featured Stories:

    • ABB teams up with Yinson on offshore oil and gas project in Brazil

      by Tina Olivero

      ABB has signed an agreement with energy solutions provider Yinson for electrical, control and telecommunication equipment and services onboard the FPSO Anna Nery bound for the Marlim 2 oil field in Campos Basin, Brazil. Yinson secured the contract to convert the 2002 Crude Oil Tanker leading operations and maintenance of the FPSO. The vessel is […]

    • 2,000 letters in support of Canada’s offshore

      by Tina Olivero

      Canadians have sent more than 2,000 letters of support asking the federal government to invest in Newfoundland and Labrador’s offshore oil and natural gas industry. The letters from supporters of the offshore were directed to Members of Parliament as well as Minister of Natural Resources Seamus O’Regan, Minister of Finance Bill Morneau, Minister of Environment […]

    • Husky Energy Cuts 2020 Capital Spending to $1.7 Billion

      by Tina Olivero

      Husky Energy is significantly reducing capital expenditures and shutting in negative cash margin production as further measures to strengthen its business given market conditions caused by COVID-19. “We have taken immediate action to preserve our balance sheet and core business in this commodity price environment,” said CEO Rob Peabody. “Our focus remains on health and […]

    • SUPERCLUSTER: The Ocean Economy Boost

      by Tina Olivero

      Canada’s Ocean Supercluster has a goal of growing the ocean industry in all it’s various forms in Eastern Canada, availing of the 3 $Trillion opportunity that Canada’s ocean and coastline provide. The Ocean Supercluster is expected to create over 3,000 jobs and contribute more than $14 billion to Canada’s economy over 10 years. The Ocean […]

    • NOIA AGM: NEW BOARD OF DIRECTORS & OFFICIALS

      by Tina Olivero

      NOIA members gathered today at the Annual General Meeting 2020 in St. John’s, Newfoundland. New directors were voted in and will serve a two-year term of a voluntary contribution to NOIA and it’ members. Highlights of the meeting included the highest level of drilling in history, with upwards of 100 exploratory wells to be drilled […]

    • Changing Waste For Good: In Newfoundland

      by Tina Olivero

      When most people think about Newfoundland’s offshore oil and gas industry, they likely focus on exciting ventures into exploration, capital investment or production volumes. Drill mud and other industrial wastes aren’t usually top of mind; they don’t seem to capture as much imagination. Unless you work for Terrapure Environmental, in which case the opposite is […]

    • 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 […]

    • DROPPED OBJECTS THREATEN SAFE OFFSHORE DECOMMISSIONING – DROPSAFE

      by Tina Olivero

      OCTOBER 9TH, 2019 – OFFSHORE & SAFETY: The offshore Oil & Gas sector urgently needs a comprehensive strategy to ensure that the risks of Dropped Objects (Drops) are mitigated effectively prior to and during decommissioning. If mismanaged, Drops may result in safety risks for personnel, elevated operational costs, and environmental and reputational damage. This is […]

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