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Originally Posted by halifaxboyns
No bash against NL intended, but I have to say I'm a little surprised that the office development in SJ's has been going up because of offshore oil? I would've thought that offices would've focused on being in the city of regional significance (close to the airport with the best flights and accessibility to the offshore), which really is Halifax. Granted, YYT has improved some flight links over the years and is growing again.
My hope is that this is a catalyst to get some new office development (beyond what's occurring now) happening. Would be nice to see a few new 20 storey office towers go up, granted Nova Centre will provide some. But even if International Place got built (along with NC), I'd like to see a few more. Bulk up the skyline a little.
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The reason why it is here is because we are closer to our oil feilds, all the fabrication and building of the oil rigs etc. many spin off companies just to service the oil industry. Also:
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CALGARY, Alberta – Exxon Mobil Corp said on Friday it is moving forward with the next major offshore oil project in the North Atlantic, the $14-billion Hebron development off the Newfoundland coast, boosting its investments in Canada’s most oil-rich regions.
Exxon Mobil, the U.S. oil major, said it will produce 150,000 barrels of oil a day at Hebron using a massive concrete gravity-base structure like the one employed at the Hibernia project, which has been operating in the iceberg-prone region since the late 1990s.
First production is scheduled for 2017.
The green light for Hebron, the fourth major offshore Newfoundland oil project, is a positive development for energy operations in harsh operating conditions in a week in which the industry came under intense fire for an accident in the Far North
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http://business.financialpost.com/20...-newfoundland/
we are also strategic for the artic and the company I work for also does much in the Greenland oil exploration.
Also there is a lot of IT for deep sea exploration and such here, the Marine institute as well trains the specialists and Memorial University's engeneering school etc.
Also our government is not stupid, there are many clauses that a lot of the work has to come from NL and that's where the offices want to be.
The industry it'self is very developed established here due to the start in oil years ago with Hibernia etc.