Environment and Climate Change Canada and Newfoundland’s ministry of natural resources declined to comment for this story. November 4, 2020 The Canada-Newfoundland and Labrador Offshore Petroleum Board is announcing the results of Call for Bids NL20-CFB01, which offered 17 parcels (totaling 4,170,509 hectares) in the Eastern Newfoundland Region, as previously approved by the federal … Subscribe to the daily newsletter for the latest news and in-depth stories. Equinor was the operator for the wells. The Newfoundland and Labrador offshore will reach the 2-billion barrel mark this weekend, according to Avalon MP Ken McDonald. The C-NLOPB issues work authorizations and grants interest in offshore areas including licenses for exploration, significant discoveries and production. Hebron. The company Wednesday that the initial first fast-track results would be delivered in Q4 2020, with final imaging and interpretation products will be … "We are pleased to have made two discoveries offshore Newfoundland. The two wells at the Cappahayden and Cambriol prospects, drilled this summer in … On March 4, 2020, Minister of Environment and Climate Change Jonathan Wilkinson authorized a derogation of the Impact Assessment Act (IAA) to allow exploratory, offshore oil-and-gas drilling on the Grand Banks of Newfoundland, pending an online consultation process. Meanwhile, NOIA is welcoming today’s money from the federal government towards the oil and gas sector. You might say Newfoundland’s current economic surge began when a comet-tail of loyal suppliers followed Equinor to Canada last decade. That decision in November by the SeaRose, a floating production and storage vessel operated by Husky Energy, led to the largest spill in the region’s history. The Newfoundland and Labrador Oil and Gas Industries Association (Noia) was founded in 1977 to represent the supply and service sector of the offshore oil & gas industry. Equinor has been active in Canada for more than 20 years and operates three discoveries in the Flemish Pass Basin: Bay du Nord and Harpoon (discovered in 2013), and Mizzen (discovered in 2010), the news release noted. The industry employs some 6,000 people directly and thousands more in supporting industries. The Canadian Association of Petroleum Producers says they are hopeful today’s announcement will make a difference, but say it’s lacking in detail as operators make investment decisions in the coming weeks and months. Known as Hibernia, the oilfield is located on the Grand Banks in the Jeanne d'Arc Basin, about 315 km east of St. John's. Home > News > Equinor and BP Canada tally two new discoveries offshore Newfoundland 10/29/2020 OSLO – Equinor, and its partner BP Canada, have made two oil discoveries offshore Newfoundland, Canada. Today Noia represents over 500 member organizations worldwide which are involved in, or benefit from, the oil & gas industry of Newfoundland and Labrador. The biggest hit came from a $1.38 billion write-off in the United States, most of it from the company's loss-making onshore shale oil and gas business, pushing Equinor to a net loss of $2.12 billion in the third quarter. Spokeswomen for Husky and Exxon, the majority owner in the Hebron and Hibernia fields in the Newfoundland offshore, said decommissioning costs are not public information. PC Leader Ches Crosbie says he is angry, and there was nothing in today’s announcement to put people back to work. Oil workers discovered Newfoundland and Labrador's first commercial offshore oilfield in 1979 after about 13 years of exploratory drilling in offshore waters. At the beginning of 2020, decommissioning Newfoundland and Labrador's offshore oil installations seemed a distant concern. E-mail address. Newfoundland's government has plans to get its offshore oil and gas assets into development. We hear more about Newfoundland's offshore oil and gas plans with Siobhan Coady, the province’s natural resources minister. Equinor (60%), and its partner BP Canada (40%), have made two oil discoveries offshore Newfoundland, Canada. The Newfoundland and Labrador Oil and Gas Industries Association (Noia) obviously welcomed the news. The Newfoundland and Labrador offshore will reach the 2-billion barrel mark this weekend, according to Avalon MP Ken McDonald. Oil discoveries offshore Newfoundland, Canada in Oil & Companies News 31/10/2020 Equinor (60%), and its partner BP Canada (40%), have made two oil discoveries offshore Newfoundland, Canada. It contributed more than $22-billion in royalties to the province to the end of 2019. He also noted on Wednesday, the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) issued a significant discovery licence to Equinor based on the Harpoon O-85 exploration well. The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) is responsible for oil and gas regulatory matters in the Newfoundland and Labrador offshore. The two wells at the Cappahayden and Cambriol prospects, drilled this summer in the Flemish Pass Basin, have proven the presence of hydrocarbons; however, it is too early to provide specific information on volumes, Equinor said in a news release. The two wells at the Cappahayden and Cambriol prospects, drilled this summer in the Flemish Pass Basin, have proven the presence of hydrocarbons; however, it is too early to provide specific information on volumes, Equinor said in a news release. Newfoundland offshore Bay du Nord project deferred indefinitely Gas prices plummet as pandemic drives down demand for oil Oil price drop 'very concerning' for Newfoundland government: Osborne E-mail address. The two wells at the Cappahayden and Cambriol prospects, drilled this summer in the Flemish Pass Basin, have proven the presence of hydrocarbons; however, it is too early to provide specific information on volumes. The Canadian Association of Petroleum Producers says they are hopeful today’s announcement will make a difference, but say it’s lacking in detail as operators make investment decisions in the coming weeks and months. They successfully executed a safe campaign — even as they faced additional challenges during the COVID-19 pandemic," Furey said in a ministerial statement. Equinor and its partner BP Canada have made two oil discoveries offshore Newfoundland and Labrador. There are four production facilities offshore Newfoundland and Labrador: Hebron, Hibernia, Terra Nova and White Rose. log in to join the conversation. The Canada-Newfoundland Offshore Petroleum Board has deferred its offshore land sale … Equinor (60%), and its partner BP Canada (40%), have made two oil discoveries offshore Newfoundland, Canada. Subscribe or The sole criterion for selecting a winning bid is the total amount of money the bidder commits to spend on exploration of the parcel. CEO Charlene Johnson says the focus now must be how we can use that money to advance the industry and maximize its potential. The wells were drilled by semi-submersible drilling rig Transocean Barents. Subscribe to the daily newsletter for the latest news and in-depth stories. Annually, the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) issues calls for bids for exploration licences in the province’s offshore. "Offshore exploration is imperative to the future of the industry and these successful wells further demonstrate the exceptional prospectivity of the Newfoundland and Labrador offshore. CAPP says more detail is needed to determine if the support will actually help operators overcome the “critical challenges they’re facing.”. The Newfoundland and Labrador Oil and Gas Industries Association (Noia) was founded in 1977 to represent the supply and service sector of the offshore oil & gas industry. “The announcement today by Equinor and partner BP Canada that oil has been discovered at the recently drilled Cappahayden and Cambriol wells in the Flemish Pass Basin is encouraging, at a time when encouraging news is needed for the Newfoundland and Labrador offshore oil and gas industry," Noia CEO Charlene Johnson said in a statement Thursday. Registered Nurse Receives First COVID-19 Vaccine in Province, Allegations of Political Interference in RNC Draw Swift Response, VOCM Christmas Blood Drive Tomorrow; Donors Needed Immediately, Leaked Text Alleges Minister Andrew Parsons Had Hand in Joe Smyth Charge; Complaint Filed Against Minister, TCH Reopens Near Come By Chance Following Two Vehicle Collision, Up in Smoke: Canopy Growth Folds St. John's Facility, COVID-19 Cases in Western Bay Prompts Nearby Town to Take Precautions, Province Moving Forward with Changes to Pension Legislation, RCMP Investigation Confirms Two Dead Following Collision Near Goobies on Weekend. Equinor and its partner BP Canada have made two oil discoveries offshore Newfoundland and Labrador. Equinor has a 60 per cent share in the partnership and BP Canada, 40 per cent. Federal Natural Resources Minister Seamus O’Regan made the announcement this afternoon at the Johnson GEO Centre. 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