http://www.worldoil.com WorldOil Canadian trade group says the offshore industry is still waiting for promised assistance https://www.worldoil.com/news/2020/7/3/canadian-trade-group-says-the-offshore-industry-is-still-waiting-for-promised-assistance A month after Natural Resources Canada Minister Seamus O’Regan said an announcement was coming “very soon,” the offshore oil and gas industry is still waiting for assistance to help it recover from COVID-19 and remain globally competitive. Canadians petition government for oil industry support with letter-writing campaign https://www.worldoil.com/news/2020/6/24/canadians-petition-government-for-oil-industry-support-with-letter-writing-campaign Canadians have sent more than 2,000 letters of support asking the federal government to invest in Newfoundland and Labrador’s offshore oil and natural gas industry. Oceans Ltd. hit particularly hard by economic crisis https://www.worldoil.com/company-news/2020/6/15/oceans-ltd-hit-particularly-hard-by-economic-crisis Oceans Ltd., a locally owned company with offices in St. John’s, Newfoundland and Labrador and Halifax, Nova Scotia, has been struck particularly hard by the recent economic crisis. KandD Pratt ‘gravely concerned’ for Canadian offshore oil industry’s future https://www.worldoil.com/news/2020/6/19/kd-pratt-gravely-concerned-for-canadian-offshore-oil-industry-s-future KandD Pratt has expressed grave concern for the economic future of the province without a solid investment from the Government of Canada in Newfoundland and Labrador’s offshore industry. Potential offshore discovery off Canada’s eastern coast fuels optimism https://www.worldoil.com/news/2020/6/12/potential-offshore-discovery-off-canada-s-eastern-coast-fuels-optimism Per Canada’s CBC News, a report this week has stoked some optimism in the Newfoundland and Labrador oil and gas sector, with a description of another “potentially commercial discovery” in the Flemish Pass Basin. Canadian banks’ exposure to oil surges as credit lines are tapped https://www.worldoil.com/news/2020/6/4/canadian-banks-exposure-to-oil-surges-as-credit-lines-are-tapped Canadian banks’ exposure to oil and gas loans has surged to a record as energy firms tapped credit lines to combat plunging oil prices. Noia requests response from Canadian PM Trudeau on urgent requests for help https://www.worldoil.com/news/2020/6/3/noia-requests-response-from-canadian-pm-trudeau-on-urgent-requests-for-help Noia wrote Prime Minister Justin Trudeau to request a response to pleas from the industry and the Government of Newfoundland and Labrador to provide assistance to help the offshore oil and gas industry recover from COVID-19 and remain globally competitive. Senior Canadian officials unite to support offshore industry https://www.worldoil.com/news/2020/5/26/senior-canadian-officials-unite-to-support-offshore-industry Newfoundland and Labrador Premier Dwight Ball, along with provincial Minister of Natural Resources Siobhan Coady, expressed support for a focused initiative to persuade the federal government to provide immediate assistance to East Canada’s offshore industry, which has been hit hard by Covid-19 and the collapse of oil prices. Daily Brief podcast: A look ahead at the coming week in oil and gas, May 25-29 https://www.worldoil.com/news/2020/5/22/daily-brief-podcast-a-look-ahead-at-the-coming-week-in-oil-and-gas-may-25-29 Key trends for the coming week, including how industry groups' response to low oil prices differ dramatically in the U.S. versus other producing nations, China's big plans for its economy, and investment analysts turning their backs on key sectors of the industry. Daily Brief podcast: A look ahead at the coming week in oil and gas https://www.worldoil.com/news/2020/5/15/daily-brief-podcast-a-look-ahead-at-the-coming-week-in-oil-and-gas Key trends for the coming week, including a couple of wild cards that could threaten the recovering global oil price and production balance.