Newfoundland and Labrador is in a financially dark place but can rely on the offshore oil industry to light the way out, writes Mark Collett in a column for CBC Opinion.
Threat of N L s Terra Nova oilfield shutdown a sign of things to come: economist - Medicine Hat NewsMedicine Hat News medicinehatnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from medicinehatnews.com Daily Mail and Mail on Sunday newspapers.
Canadaâs Noia presses for deal on Terra Nova FPSO before June 15 deadline 5/27/2021
Terra Nova FPSO
ST. JOHNâS, NEWFOUNDLAND, CANADA- During a recent call with investors, Suncor Energy CEO Mark Little commented on the future of the Terra Nova FPSO and efforts to confirm the Asset Life Extension project of the vessel. Mr. Little stated that a deadline to decide on the project has been set for June 15, 2021. Noia is encouraged that Mr. Little indicated Suncor would like to proceed with the project and implores the parties to find a resolution before the deadline.
âNoia understands the business requirements of Suncor Energy to set a deadline for a decision on the Asset Life Extension Program of the Terra Nova FPSO and we remain hopeful that an agreement will be reached prior to June 15. This project provides approximately 1,000 direct jobs and thousands more through the service and supply sector through the use of helicopters, supply v
Newfoundland and Labradorâs Noia discourages abandoning offshore Terra Nova Project 5/3/2021
Suncor Energy on Friday issued Expressions of Interest (EOI) related to the Terra Nova Floating, Production Storage and Offloading (FPSO) vessel located on the Terra Nova offshore field.
Two EOIs prepare for decommissioning of the FPSO and the field and another provides an update to a previous EOI preparing for remediation of the FPSO to support the asset life extension project. Noia is deeply concerned about the potential to decommission and abandon the Terra Nova Project.
Terra Nova vessel
âNoia members and our Board of Directors are deeply concerned for the future of the Terra Nova Project and the far-reaching impacts decommissioning and abandonment would have upon our industry, the people who work in it, and our province,â Noia CEO Charlene Johnson said. âThe Terra Nova Project employs about 900 people directly and thousands more w
Posted: May 03, 2021 3:03 PM NT | Last Updated: May 3
The Terra Nova FPSO is moored dockside at the Bull Arm fabrication site in Trinity Bay, where its fate remains uncertain. The floating, production, storage and offloading vessel began producing oil in offshore Newfoundland in January 2002.(Facebook/Newfoundland Offshore)