Updates coming from Statoil, Chevron, Husky Energy, Black Spruce Exploration
Newfoundland and Labrador Minister of Natural Resources Derrick Dalley is scheduled to launch day two of the 2014 Noia conference at the St. John’s Convention Centre today.
Dalley is likely to mention the desire for new entrants to the local industry, promoting the recent overhaul of the offshore land tenure system, for the awarding of exploration licenses.
The oil and gas sector annual gathering will then hear from Gisle Stjern, Statoil Canada’s vice-president for offshore Newfoundland and Labrador, with an update of Statoil’s local operations.
In 2013, Statoil had its biggest discovery outside of Norway offshore Newfoundland and Labrador, at the Bay du Nord prospect in the Flemish Pass Basin, about 500 kilometres northeast of St. John’s. The company has since announced planned investment into an 18-month drilling program in the area.
New finds and exploration aside, Statoil has also made a name within the province recently through contributions to research and development work, announcing $2.4-million towards three projects tied to Arctic oil exploration and development — specifically dealing with ice monitoring and subsea oil and gas separation.
Stjern will be followed by the director of environment and industry policy for the Norwegian Oil and Gas Association, Erling Kvadsheim, who will speak to lessons learned in development of that country’s offshore oil sector.
Moving away from Statoil and lessons out of Norway, updates on plans and project progress within Newfoundland and Labrador are also expected from Chevron Canada, Husky Energy and Black Spruce Exploration during the day.
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Black Spruce Exploration’s update on its plans is highly anticipated, given it has been at the centre of back and forth within the province on the topic of fracking and onshore oil and gas exploration. The company has not responded to recent requests for an interview from The Telegram, on its spring drilling program and plans to secure offshore exploration licences off of western Newfoundland.
The province of Newfoundland and Labrador has a standing moratorium on onshore fracking operations.
Meanwhile, the Noia conference has also scheduled Kieran Kavanagh of Wood Group Kenny, to bring news of deepwater drilling work around the globe to the conference.
And former president of Shell Oil and more recently founder and CEO of Citizens for Affordable Energy, John Hofmeister, will present on “North America’s energy challenges and prospects,” bringing in discussion of energy alternatives, infrastructure and public policy.
Hofmeister is the author of “Why we hate the oil companies: Straight talk from an energy insider,” published in 2010.
The Telegram is carrying full conference coverage and will have more from the convention centre floor later today.
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