Canada
News
June 19, 2020
K&D Pratt has expressed grave concern for the economic future of the province without a solid investment from the Government of Canada in Newfoundland and Labrador’s offshore industry.
News
June 18, 2020
Recently, the Newfoundland and Labrador Oil and Gas Industries Association (Noia) wrote to Canadian Prime Minister Justin Trudeau, seeking a commitment to support the region’s oil and gas companies, and their employees, in the face of depressed oil prices.
News
June 15, 2020
The current economic crisis in the offshore oil & gas sector has impacted PanGeo Subsea’s overall revenue and operations. The company was prepared to support early stages of a new offshore development with hopes for pre-installation survey imagining campaigns and further “close to home” debris surveys.
News
June 12, 2020
Per Canada’s CBC News, a report this week has stoked some optimism in the Newfoundland and Labrador oil and gas sector, with a description of another “potentially commercial discovery” in the Flemish Pass Basin.
Article
June 2020
Associations take proactive path in Canada and the UK
Article
June 2020
Canadian officials have united to spur action by the federal and provincial governments to provide immediate assistance to the offshore industry, which has been hit extremely hard by Covid-19 and the collapse of oil prices.
News
June 04, 2020
Canadian banks’ exposure to oil and gas loans has surged to a record as energy firms tapped credit lines to combat plunging oil prices.
News
June 03, 2020
Noia wrote Prime Minister Justin Trudeau to request a response to pleas from the industry and the Government of Newfoundland and Labrador to provide assistance to help the offshore oil and gas industry recover from COVID-19 and remain globally competitive.
News
May 29, 2020
Our look ahead the coming week, including how drillers' ability to react to an increase in oil and gas demand could be impacted by technical and manpower limitations, and what key OPEC players have in store for the first week of June.
News
May 26, 2020
Newfoundland and Labrador Premier Dwight Ball, along with provincial Minister of Natural Resources Siobhan Coady, expressed support for a focused initiative to persuade the federal government to provide immediate assistance to East Canada’s offshore industry, which has been hit hard by Covid-19 and the collapse of oil prices.
News
May 22, 2020
Key trends for the coming week, including how industry groups' response to low oil prices differ dramatically in the U.S. versus other producing nations, China's big plans for its economy, and investment analysts turning their backs on key sectors of the industry.
News
May 20, 2020
Canadian and Alaskan crude that normally travels to the U.S. West Coast is finding a market in China, where demand is almost back to pre-pandemic levels.
News
May 15, 2020
Key trends for the coming week, including a couple of wild cards that could threaten the recovering global oil price and production balance.
News
May 15, 2020
Over the last eight weeks, the Newfoundland and Labrador Oil and Gas Industries Association (Noia) has had ongoing discussions with the federal and provincial governments about providing immediate help to Canada’s offshore industry, which has been hit extremely hard by COVID-19 and the collapse of oil prices.
News
May 07, 2020
Enbridge Inc., North America’s largest pipeline operator, is cutting jobs, lowering executive pay and deferring some capital spending as measures to fight the Covid-19 virus reduce oil flows on its system and slow down construction.
News
May 05, 2020
Canadian heavy crude surged to its strongest price versus futures since at least 2008 as producers curtailed output and Enbridge Inc. agreed to open part of its pipeline system for storage.
News
April 29, 2020
While global oil prices remain near multi-decade lows, the heads of two major Canadian crude producers see reasons for hope that the market will rebound in the months ahead.
News
April 17, 2020
Canada’s plan to spend $1.2 billion to help clean up the country’s derelict oil wells comes with strings attached: tougher environmental rules for the energy-rich province of Alberta.
News
April 16, 2020
ConocoPhillips is voluntarily curtailing 225,000 gross boepd, and reducing cash usage by more than $5 billion in 2020.
Article
April 2020
Coronavirus and crashed oil prices have had an effect on the province’s activity, but operators continue to try to press forward on a number of projects.
News
April 09, 2020
Alberta Premier Jason Kenney said the idea of the U.S. and Canada placing tariffs on OPEC crude imports is gaining traction as a way to protect North American energy producers from the market’s collapse.
