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>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 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 4 5

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

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