Tag Archives: Petroleum Research Newfoundland and Labrador
Study looks at socio-economic impact of offshore oil and gas industry in Newfoundland and Labrador
A newly-released study exploring the socio-economic impact of the offshore petroleum industry over a three-year period from 2015-17 offers a clear snapshot of how much it contributes to Newfoundland and Labrador’s prosperity. But while the numbers remain big, they’re also in decline when assessing both the direct and indirect impact the industry is having on the province. Funded by Petroleum Research Newfoundland and Labrador (PRNL), a non-profit organization supported by big oil companies operating in the province, the study confirms the industry is still an essential element to gross domestic profit. >click to read<14:36
Why backers say Ocean Supercluster will sail off with innovation bucks
It’s deadline day for Atlantic Canada’s lone bid in the federal government competition for $950 million in innovation funding. Some of the biggest players in the region’s ocean economy have joined forces to come up with the Ocean Supercluster proposal, which aims to find solutions to problems extracting resources from the ocean.,,, Four core investors are committing $15 million each as part of the Ocean Supercluster: Emera, Clearwater Seafoods, Petroleum Research Newfoundland and Labrador — which is made up of the five oil companies operating offshore Newfoundland and Labrador — and Cuna del Mar, an open ocean aquaculture promoter. click here to read the story 08:59
