Newfoundland & Labrador reaps benefits of responsible offshore development

The Honourable Greg Rickford, Canada’s Minister of Natural Resources and Minister for the Federal Economic Development Initiative for Northern Ontario, today delivered a keynote address at the Newfoundland & Labrador Oil & Gas Industry Association (Noia) Conference 2014.

Hibernia platform

In his address, Minister Rickford highlighted the significant role that the oil and gas industry has played in Newfoundland and Labrador’s economic growth — generating billions of dollars in revenue to the province and aiding in the creation of thousands of jobs. The Minister reiterated the Government of Canada’s commitment to establishing the conditions that will enable the oil and gas sector to continue to grow and prosper, reach new markets and contribute to global energy security.

Minister Rickford also noted recent actions by the Government of Canada to ensure that oil and gas are developed safely and responsibly. In particular, the Minister noted the Government’s new Offshore Health and Safety Act, which will bring new clarity to the offshore regulatory regime and will enshrine into law the safety of offshore workers and authority for offshore occupational health and safety.

“Responsible resource development has transformed the economy of Newfoundland and Labrador, creating jobs and prosperity throughout the province. Our government will continue to support strong, independent regulation to keep our environment and our workers safe in Canada’s offshore,” Rickford said.

The oil and gas industry is directly responsible for nearly 8,800 jobs in Newfoundland and Labrador. Canada’s five production fields in the Atlantic offshore produced 83.6 million barrels of light crude and 68 billion cubic feet of natural gas in 2013.

Between 1997 and 2013, cumulative production from Hibernia, Terra Nova and White Rose (including North Amethyst) totaled 1,443.8 million barrels of oil.

 

June 20, 2014

 

Share this article

Follow Offshore Energy Today

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Executive Oil Conference & Expo 2019

Executive Oil Conference and Exhibition is a unique opportunity to meet with all of the region’s…

read more >

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation of both upstream and downstream oil and gas companies and also its supporting industries gathered in the heart of Vietnam’s oil and gas industry in Vung Tau, to showcase the latest developments in the oil and gas industry.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply