THE OGM: 30 YEARS IN BUSINESS Edition - Read Now!
View Past Issues
OUR GREAT MINDS
OUR GREAT MINDS
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 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 […]
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 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 […]
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 […]
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 […]
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 […]
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 […]
The Ocean Legacy Foundation, a Canadian non-profit organization founded in 2014 with the goal to end ocean plastic waste, announced today the launch of E.P.I.C - a plastic pollution emergency response program, which incorporates a four pillar hands-on approach: Education, Policy, Infrastructure and Cleanup to catalyze worldwide action around plastic pollution-free lands and oceans. The […]
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 […]
