To facilitate the use of this vast dataset, Nalcor has used the Nalcor Exploration Strategy System (NESS). Home - Nalcor Energy Oil and Gas Exploration Newfoundland and Labrador’s offshore spans 1.8 million square kilometers with its oil reserves emerging as some of the most carbon-competitive in the world. It has nothing to do with historical performance of the assets, which have all been performing well," said Russell. Nalcor participates on behalf of the province in future projects through equity ownership in new successful developments. Nalcor, which is Newfoundland and Labrador's energy corporation, has a minority stake in both projects. Closed Captioning and Described Video is available for many CBC shows offered on CBC Gem. Nalcor Authored & Co-authored Publications, 2018 Eastern Newfoundland Region NL18-CFB01, 2019 South Eastern Newfoundland Region NL19-CFB01, 2020 Eastern Newfoundland Region NL20-CFB01.

We reserve the right to close comments at any time. As the provincial energy company, Nalcor Energy undertakes strategic investments in new data acquisition and analysis at the front end of the exploration cycle to enhance knowledge of the prospectivity of offshore Newfoundland and Labrador’s frontier basins, open new areas to industry exploration, and increase Newfoundland and Labrador’s global competitiveness to attract exploration investment. By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses. Pseudonyms will no longer be permitted. It has recovered about half that investment in revenues, but a sustained period of low oil prices, which many analysts predict, would significantly reduce its earning potential, and therefore its returns to the government. Nalcor’s Oil and Gas division holds and manages both onshore and offshore oil and gas interests in Newfoundland and Labrador, with the goal of maximizing the benefits of the province’s petroleum reserves and delivering sustainable energy to its people.

Sign up for NEIA's weekly email newsletter and stay informed on our activities and initiatives, cleantech business opportunities, and the latest green economy news relevant to firms in Newfoundland and Labrador. Nalcor is not competitive with industry and therefore does not participate in bidding on land. Metocean Grid Shapefile Pack Ice Shapefile Individual Cell Report. East and West Greenland, North Sea, Barents Sea, Canadian Beaufort Sea, Chukchi Sea, Kara Sea, Caspian Sea, Sakhalin Island and Rockall, as well as the Grand Banks and Orphan Basin). Nalcor Energy has been hit hard by a collapse in the oil sector, resulting in a big writedown in the value of its oil and gas investments. It is a priority for CBC to create a website that is accessible to all Canadians including people with visual, hearing, motor and cognitive challenges. These results are a continuation and expansion of the results obtained from the first phase of the Metocean study released in June, 2015. Nalcor Multiclient Data Investments; Geoscience Studies and Reports; Metocean Study; Resource Assessment Team Lead Subsurface, Operations There are five lines of business which include Newfoundland and Labrador Hydro, the Churchill Falls Generating Station, The Lower Churchill Project, Oil and Gas and The Bull Arm Fabrication Site. Read more from CBC Newfoundland and Labrador. Volume 2 – Regional Trends, Influence of Environmental Changes and Comparisons with Other Regions, Main Metocean Grid (shapefile)

C-CORE is a Canadian research and development (R&D) corporation that provides research-based advisory services and technology solutions to national and international clients in the natural resource, energy, security and transportation sectors. From biostratigraphy to regional rock physics, these studies are undertaken to address key risks and scientific uncertainties that may hold back new industry investment. Audience Relations, CBC P.O. : Harris Centre looks to future of N.L.’s climate, economy and society, Oil and Gas Industry Recovery Task Force includes ‘Energy Transition’ workstream, Submissions for MMSB’s Solid Waste Management Innovation Fund, Community Waste Diversion Fund, due on Friday, Important MaRS Cleantech Survey ends this week, https://nalcorenergy.com/nalcor-operations/oil-and-gas/. Nalcor Energy-Oil and Gas is leading the exploration of the province’s frontier and deepwater basins by making investments in new geoscience data and analysis to evaluate Newfoundland and Labrador’s undiscovered oil and gas resource potential. Nalcor Multiclient Data Investments; Geoscience Studies and Reports; Metocean Study; Resource Assessment; CNLOPB License Round Information; 2018 Eastern Newfoundland Region NL18-CFB01. Nalcor Energy Oil and Gas is leading the exploration of the province’s frontier and deepwater basins by making investments in new geoscience data and analysis to evaluate Newfoundland and Labrador’s undiscovered oil and gas resource potential. The writedown has resulted in a loss of $171 million for Nalcor for the first quarter of 2020, compared with a quarterly profit of $92 million last year. As the provincial energy company, Nalcor Energy undertakes strategic investments in new data acquisition and analysis at the front end of the exploration cycle to enhance knowledge of the prospectivity of offshore Newfoundland and Labrador’s frontier basins, open new areas to industry exploration, and increase Newfoundland and Labrador’s global competitiveness to attract exploration investment. Nalcor Energy has developed and is executing an Exploration Strategy based on global best practices to find and deliver new oil and gas resources for the benefit of the people of Newfoundland and Labrador. The objectives of the study are to (a) characterize regional metocean conditions (winds, waves, currents, fog, vessel icing, pack ice, icebergs, ice islands, sea surface temperature) in the specified area of interest and influence of environmental changes on such conditions; and (b) compare these conditions to those in other analogous internationally-explored regions (i.e. However, by guiding investments and activity strategically, Nalcor is positioned to make the right investments at the right time to unlock the next areas of offshore Newfoundland and Labrador that may contain material prospectivity, ultimately delivering new resources for the benefit of the people of Newfoundland and Labrador. Nalcor Energy has been hit hard by a collapse in the oil sector, resulting in a big write-down in the future value of its oil and gas investments. "What this impairment charge really reflects is the future outlook for prices. By initiating these projects and delivering the results to the global industry, Nalcor is systematically evaluating Newfoundland and Labrador’s sedimentary basins and their potential to contain new oil and gas discoveries for the benefit of the people of the province.

steveemberley@nalcorenergy.com, WEBSITE: https://nalcorenergy.com/nalcor-operations/oil-and-gas/, A Clean Technology and Environmental ServicesDirectory for Newfoundland and Labrador. Cell Reports. Nalcor is working with global leading partners on strategic studies and projects to evaluate Newfoundland and Labrador’s frontier slope and deepwater basins for undiscovered oil and gas potential. Please note that CBC does not endorse the opinions expressed in comments. Carla Russell, Nalcor's chief financial officer, revealed the information during a virtual annual general meeting on Tuesday.

Results; 2019 … Tutorial Videos; Licensing Rounds. The offshore area has been divided into eight regions which have been individually categorized as either low activity, high activity, or mature, based on the level of oil and gas exploration and development activities. Volume 1 – Full Data Summary Report NEIA CONTACT Big changes are coming at Nalcor Energy, the Crown corporation in charge of the Newfoundland and Labrador government's investments in oil and gas and the Muskrat Falls project.