$500,000 assistance to support in-province creations
The federal government, through the Atlantic Canada Opportunities Agency (ACOA) is providing a $500,000 loan to Talon Energy Services, an oil and gas sector company, to support work at its fabrication facility in Port aux Basques.
The company's facility is already in operation and requires about 80 employees at peak operations, as noted at an announcement on the growth funding, held in Donovan's Industrial Park in Mount Pearl.
The company leased the dormant facility last year and has been successful in completing subsea modules for Husky's White Rose oilfield. It was the first subsea fabrication work to be completed west of Nalcor Energy's Bull Arm Fabrication Site.
The company is also fabricating a flare boom for the Hebron project.
Talon has grown from a start-up company with no employees in 2003 to having a current staff of "about 500."
Information in this article has been corrected