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Newfoundland and Labrador's Noia addresses further delay on Bay du Nord project

A poll taken in January shows that 84% of respondents support the Newfoundland and Labrador offshore oil and gas industry and 89% of respondents support the Bay du Nord project's approval. ....

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Newfoundland and Labrador's Noia CEO comments on the Premier's economic Recovery Team Report


Newfoundland and Labrador’s Noia CEO comments on the Premier’s economic Recovery Team Report
By Noia on 5/6/2021
Noia CEO Charlene Johnson said the Premier’s Economic Recovery Team report highlights the need for a competitive regulatory regime that allows the Newfoundland and Labrador offshore oil and gas industry to successfully bring projects to market.
Johnson thanked Dame Moya Greene and the Premier’s Economic Recovery Team for undertaking a thorough consultation process and review of Newfoundland and Labrador’s financial circumstances. “Secondly, I commend the report for highlighting the significant role the Newfoundland and Labrador offshore oil and gas industry can and should play in helping our province overcome its current fiscal challenges,” Johnson said. “We have long known the important role the offshore oil and gas sector plays in our province in terms of revenue, royalties, jobs, ski ....

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Newfoundland and Labrador's Noia discourages abandoning offshore Terra Nova Project


Newfoundland and Labrador’s 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
“Noia 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,” Noia CEO Charlene Johnson said. “The Terra Nova Project employs about 900 people directly an ....

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Newfoundland and Labrador's Noia comments on industry task force report


Newfoundland and Labrador’s Noia comments on industry task force report
4/30/2021
Thursday, the Government of Newfoundland and Labrador released the Oil and Gas Industry Recovery Task Force Report which contains 52 recommendations pertaining to the Newfoundland and Labrador offshore oil and gas industry. While Noia is currently reviewing the recommendations, the association is initially pleased with the recommendations and the approach of the task force to deal with current challenges and prepare for the future.
“Authored by a group of Newfoundland and Labrador industry leaders with international expertise, this report is an excellent guidepost to reach our potential,” Noia CEO Charlene Johnson said. “I would like to thank the members of the task force for their hard work, consultation and collaboration, and commitment to get this done. While we are still reviewing the report, there are a number of positive recommend ....

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