OUR GREAT MINDS

Marine & Offshore Featured Stories:

    • 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 […]

    • PLACENTIA AREA: MASSIVE OPPORTUNITY

      by Tina Olivero

      Not everyone can say that they had an intimate encounter with over $10 Billion worth of industrial opportunities in one week, but the people who attended the Placentia Bay Industrial Showcase last week sure can! The Placentia Chamber of Commerce’s annual conference and trade show event was MC’d by Ray Greene who facilitated the success […]

    • BHP’s Exploration Manager Talks NL Drilling Play

      by Tina Olivero

      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 […]

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