Conference will include updates from Husky Energy, Statoil, Nalcor, Suncor
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Dunderdale also said the province is working with the federal government on changing the way they do licensing and land sales for development in the offshore.
She said as the government searches for new fields, she's confident that there's still room for growth in the oil and gas industry.
By Ashley Fitzpatrick
A speech from the premier and an operational update from Husky Energy will launch the Newfoundland and Labrador Oil and Gas Industries Association (Noia) conference today in St. John’s.
With the provincial government pressing for an overhaul of the offshore licencing system, fresh changes to occupational health and safety language in the Accord Acts, funding of an aggressive early (pre-drilling) exploration program through Nalcor Energy and oil revenues remaining key to the province’s financial wellbeing, there is no shortage of topics for premier Kathy Dunderdale to tackle when she takes to the podium.
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Her speech is scheduled to start at 8:30 a.m.
Husky Energy, meanwhile, has its roughly $1.2-billion White Rose South extension project recently green-lit by the Canada-Newfoundland and Labrador Offshore Petroleum Board (CNLOPB). The company also has another White Rose extension it has yet to announce a go-or-no decision on. That extension could see a wellhead platform construction megaproject in Argentia or, as an alternative, large investments in subsea work with pre-fabricated structures. In addition, Husky has exploration interests off Newfoundland, Labrador and Greenland.
Presentations from Statoil and Nalcor Energy representatives will follow on the heels of Husky.
Business mind Amanda Lang, best known for CBC’s The Lang and O’Leary Exchange, is scheduled for a noon-hour presentation to conference-goers.
The afternoon schedule includes an update on Suncor’s operations off Newfoundland, a presentation on moving oil from Western Canada to the East Coast and a pair of presentations tieing in to the discussion of fracking regulations in Newfoundland and Labrador.
Black Spruce Exploration will be providing an update on its activities. The company has revealed itself as the single biggest player of the Western Newfoundland juniors, through new agreements with Enegi Oil and the acquisition of Deer Lake Oil and Gas — announced just last week.
Black Spruce is already teamed with Shoal Point Energy, through a farm-in agreement, to lead their suggested fracking project, beginning with a single well on the Port au Port Peninsula.
As of Monday evening, according to Minister of Natural Resources Tom Marshall, there have still been no plans for hydraulic fracturing of a well put forward by the company for environmental assessment.
More to come online and in tomorrow’s Telegram.