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‘It’s a foothold’
Without a single offshore oil discovery, Greenland has captured the attention of dozens of the world’s largest oil companies, many of which are already making huge investments in the area. It has also grabbed the imagination of major players in Newfoundland and Labrador’s oil and gas industry. The exchange of harsh environment expertise between the two regions is an obvious …Continue Reading
Atlantic Canada’s Offshore Fields
It has proven to be an ever-changing and expanding industry that has presented the promise of future opportunities for the country and transformed the face of Atlantic Canada. “It” is, of course, the region’s offshore oil and gas industry, an industry that has pumped billions of dollars into the Canadian economy and provided thousands of employment opportunities both federally and …Continue Reading
Developments
Making calls, and calls waiting N.S. has made dozens of pitches to industry on oil and gas potential; will get indication on level of interest when parcel bids close in January SANDY MACMULLIN has been a man on the move, spinning the compass and being spun around the globe on roughly 30 visits through eight countries this year. MacMullin, the …Continue Reading
Believe it
When it comes to investment and opportunity, Atlantic Canada is the place to be. Everyone who knows me knows that I am one of the world’s most determined optimists. My glass is never less than half full. There’s always a bright side. And tomorrow will indeed be a better day. I guess that’s why, even in the darkest days of …Continue Reading
Developments
Name Changer Otans rebranding as it broadens focus What’s in a name? Many things, according to the Offshore/Onshore Technologies Association of Nova Scotia (OTANS). And that’s why the not-for-profit industry organization is rebranding as it broadens its focus beyond the oil and gas realm. OTANS will now be known as the Maritimes Energy Association. “The energy sector and the energy …Continue Reading
Developments
N.L. still seeks 8.5 per cent solution For both sides, it’s a matter of fairness. Newfoundland and Labrador says Ottawa has more than recouped its initial investment in the Hibernia oilfield, and it’s time to turn over its equity stake — and share of the profits — to the province. The feds, meanwhile, say Ottawa’s action nearly two decades ago …Continue Reading
Jumping to the wrong conclusions
At first glance, this issue appears to indicate the Atlantic Canadian offshore scene is waning. Delving deeper, however, reveals an entirely different conclusion. Allow me to explain. The cover story shows that the Newfoundland offshore is past peak production for current discoveries. All three of its producing projects, as well as the soon to be developed Hebron field, were discovered …Continue Reading
Offshore Overview
Status report on the reserve potential, development partners and lifespan of Atlantic Canada’s producing fields.
