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Recent comments

  • Aiden
    December 20, 2013 - 08:09

    This is probably good news for western NL. as it will get rid of junior oil companies like Shoal Point Energy ans Black Spruce Exploration who intended to frack for oil under the seabed of Port au Port Bay and Western Newfoundland. No matter how the oil companies spin it, they're still punching holes through the water table.. Although they line the well-bore with concrete, these liners will eventually fail. We're leaving a ticking time bomb of undrinkable water for our grand-children. In Newfoundland and Labrador the economic benefits from oil always outweigh the environmental burdens.

    • david
      December 20, 2013 - 08:59

      If ignorance is bliss, you're one happy dude.

    • Chantal
      December 20, 2013 - 10:07

      Thoughtful retort, David.

    • david
      December 20, 2013 - 13:20

      With a generous tip.

  • Michael
    December 20, 2013 - 05:20

    This is good news for the offshore. More time will give newer companies a chance to get in on the bids. NL needs more exploration. More exploration will lead to more discoveries and that will hopefully lead to more developments! All we need now is more seismic, and Nalcor is being active there! I do believe in coincidences, but there were a couple of interesting articles in the papers recently that seem to verify that NL's offshore is on the rise. First of all, according to recent reports, Statoil will be focusing on the NL offshore instead of the oil sands in Alberta. I am speculating a little, but pressure in Norway from the church and environmental groups are twisting Statoil's arm(escalating costs and bottlenecks also) to reinvest elsewhere in Canada instead of the oil sands. I guess Statoil and Husky are trying to recruit a rig as we speak for further wells on the Bay du Nord in 2014. Further, Viking Supply Ships is setting up shop in St. John’s. Usually, Stavanger, Norway and Aberdeen, Scotland are their pitch! Hmmm; I wonder why. They were helping out on the Margaree A-49 well in the Orphan Basin and according to the CNLOPB the Margaree A-49 well is under suspension. Coincidence or not? Usually a well will be classed as abandoned, but for some reason the Margaree well is classed as suspended, just like Harpoon o-85 and Bay du Nord C-78Z. Maybe I am reading too much into the recent events! Maybe it is all a coincidence, but whatever it is, I do think the future looks bright for the oil and gas industry in NL.