Tag Archives: Bay du Nord project
What Newfoundland and Labrador could learn from the worst offshore oil disaster in U.S. history
Marine scientist Donald Boesch says the controversy fuelled by recent oil spills off Canada’s East Coast has some “fairly interesting and striking comparisons” to his past work examining how the offshore (oil) industry is managed, as part of a U.S. inquiry into the Deepwater Horizon disaster.,,, Boesch says one of the most critical lessons the commission learned is that the U.S. agency overseeing offshore oil in the gulf had a conflict of interest built into its mandate.,,, Critics have accused the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) of having a similar conflict. >click to read< 10:26
Not prepared – If there is ever a deepwater oil blowout, help could be weeks away
It could take weeks to get a disaster-stopping piece of equipment to Newfoundland and Labrador in the event of a subsea oil blowout, according to documents filed by Statoil, now known as Equinor, the company behind the province’s first foray into deepwater oil development. Documents filed by the company to the Canadian Environmental Assessment Agency in relation to an application for exploratory drilling projects in the Flemish Pass, near the newly-announced Bay du Nord project, indicate that if a well blew, a capping stack — a device used to reign in blowouts — would have to be shipped in from Norway or Brazil. >click to read<11:16
N.L., Equinor announce $6.8B offshore deepwater oil project
Newfoundland and Labrador and Equinor Canada have announced an agreement to develop the Bay du Nord oil project — the first remote, deepwater project in the province’s offshore. The province is buying 10 per cent of the project, which should bring in $3.5 billion in government revenues and will cost $6.8 billion to develop. “Today marks the global recognition of Newfoundland and Labrador as a preferred location for deepwater production,” said Premier Dwight Ball Thursday morning.,, Ball was joined by Natural Resources Minister Siobhan Coady and Unni Fjaer, a vice-president with Equinor Canada — previously known as Statoil. >click to read<14:17
