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  #441  
Old Posted Feb 19, 2018, 2:57 PM
goodgrowth goodgrowth is offline
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Province unveils plan to double oil production by 2030:
http://www.cbc.ca/news/canada/newfou...plan-1.4541830

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Targets for the plan include drilling more than 100 new exploration wells, and tapping into multiple basins to produce more than 650,000 barrels of oil per day from new and existing projects, as well as commercial natural gas production.
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  #442  
Old Posted Feb 19, 2018, 4:20 PM
IronMan IronMan is offline
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I assume this is the correct thread for this comment.

According to news reports we are about to start purchasing power from Nova Scotia? My god - Danny Williams sure left this place in a state - when he left politics he took his credibility with him. Some saviour!!!!
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  #443  
Old Posted Feb 19, 2018, 4:55 PM
statbass statbass is offline
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Quote:
Originally Posted by goodgrowth View Post
Province unveils plan to double oil production by 2030:
http://www.cbc.ca/news/canada/newfou...plan-1.4541830
Good talk... now let's put it into action!
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  #444  
Old Posted Feb 19, 2018, 4:56 PM
statbass statbass is offline
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Originally Posted by IronMan View Post
I assume this is the correct thread for this comment.

According to news reports we are about to start purchasing power from Nova Scotia? My god - Danny Williams sure left this place in a state - when he left politics he took his credibility with him. Some saviour!!!!
Truly ironic, isn't it? Oh brother!
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  #445  
Old Posted Feb 20, 2018, 12:11 AM
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Horsell Horsell is offline
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We are buying power from NS because it is cheaper than producing it at Holyrood...the saving is $50,000 a day. Without that transmission line we were isolated from the mainland grid, now we can buy (or sell when the time comes) as we wish.
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  #446  
Old Posted May 25, 2018, 1:02 PM
goodgrowth goodgrowth is offline
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Ratio Of Homes For Sale To Homes Sold Near Record Levels, Says Conference Board:
http://vocm.com/news/ratio-of-homes-...ference-board/

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Newfoundland is a buyer’s market for homes – no surprise there – but the Conference Board of Canada says the ratio of listings to sales is probably at record levels – 4/1.

That means plenty of choice for buyers.

The Board is out with its monthly report on housing sales across Canada, and demand is weak throughout Atlantic Canada. In the greater St. John’s region, sales dropped over 20 per cent last month compared with April 2017, and prices went down by about one per cent. That follows a four per cent drop in prices at the same time last year.
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  #447  
Old Posted Aug 30, 2018, 9:49 PM
goodgrowth goodgrowth is offline
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New call centre, and its 500 jobs, coming to St. John's

https://www.cbc.ca/news/canada/newfo...ohns-1.4804937

Quote:
Centre scheduled to open in November at the Village Mall

The provincial and federal governments are investing more than $1.7 million in a call centre company, to help it establish a 500-person call centre in St. John's.

S&P Data is a mid-sized call centre company with locations across North America.

"Our investment into S&P Data, coupled with federal support, will help stimulate the economic activity in the northeast Avalon," Premier Dwight Ball said during an announcement Thursday afternoon.

According to a press release from the provincial government, over the next five years it expects the call centre will generate up to $131 million in economic activity.

The total cost of the company's expansion to St. John's is roughly $3 million, with the provincial government providing $975,000 as a repayable loan to assist with start-up costs, as well as $250,000 to fund training.
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  #448  
Old Posted Oct 25, 2018, 12:40 PM
statbass statbass is offline
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Economic assessment of oil and gas industry

Here's a link to an economic assessment regarding the potential of the Oil and Gas industry up to 2045. It was completed by an consultancy firm based out of NB and commissioned by NOIA, so I'm sure there are different views/assessments being made. With that said, even if this report is on the right track - the potential here is huge!

https://www.imaginethepotential.ca/
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  #449  
Old Posted Nov 8, 2018, 11:24 AM
goodgrowth goodgrowth is offline
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Record Number Of Bids For Offshore Exploration Licenses:
http://vocm.com/news/record-number-o...tion-licenses/

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Newfoundland and Labrador has received a record number of bids for exploration licenses in the province’s offshore.

A total of $1.38-billion in bids and a record single bid of $621-million from BHP Billiton Petroleum in Eastern NL were received as a result of the most recent calls for bids in the Eastern Newfoundland Region and Jeanne d’Arc Region, both located in the Canada-Newfoundland and Labrador Offshore area.
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