WorldOil Newfoundland and Labrador’s offshore energy and environment sectors unite to pursue clean tech opportunities The Newfoundland and Labrador Environmental Industry Association (NEIA), Noia, and the Oil and Gas Corporation of Newfoundland and Labrador are working together to accelerate awareness and the pursuit of clean technology opportunities in Canada's offshore oil and gas industry. Newfoundland commits government funds to support West White Rose project "The funding will help maintain the project in warm suspension during 2021 and hopefully position it for a full restart in 2022 and the path to first oil," Newfoundland and Labrador Oil and Gas Industries Association CEO Charlene Johnson said in a statement. Teledyne CARIS receives Canada’s Ocean Supercluster award through the Accelerated Ocean Solutions Program The CARIS Cloud Technology Project will break down technical barriers to entry for hydrographic processing and charting in support of remote operations. Noia’s virtual fall seminar in East Canada focuses on energy transition While 2020 has provided significant challenges, “Noia has remained committed to providing value to our members and to helping them through this difficult period,” said Noia CEO Charlene Johnson. “Our virtual fall seminar was a great way to step outside the typical formula of virtual events that met the standard people have come to expect from Noia.” Climbing rig counts may signal a turnaround, but that's no comfort for Exxon Mobil Despite increased drilling activity and strong Q3 results across the board for the supermajors, Exxon Mobil spent the week slashing headcount and planning major asset sales to meet its dividend commitments. Equinor and BP Canada tally two new discoveries offshore Newfoundland “The announcement by Equinor and partner BP Canada that oil has been found 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," said Charlene Johnson, CEO of the Newfoundland and Labrador Oil and Gas Industries Association. Canada’s Cenovus Energy to buy Husky Energy in all-stock sale The newly combined company is expected to break even in 2021 at a West Texas Intermediate crude price of US$36 a barrel. It will continue to operate as Cenovus Energy with its headquarters remaining in Calgary. Newfoundland and Labrador resource assessment shows significant oil and gas potential Newfoundland and Labrador’s 2020 Independent Oil and Gas Resource Assessment results show 11.1 billion barrels of oil and 24.5 trillion cubic feet of natural gas potential offshore. Political moves, both current and projected, are placing outsized influence on U.S. and Canadian oil markets While Canada's leaders promise measures to protect oilfield livelihoods, shale drillers in the U.S. are working to minimize the impacts of a potential Biden victory. Newfoundland and Labrador premier announces new offshore exploration incentives The Government of Newfoundland and Labrador announced the establishment of a new offshore exploration initiative to provide companies with the incentive to drill more wells in the best prospects.