Offshore oil is back. At what cost? “…oil demand will remain strong for decades to come and failure to invest in supply would lead to soaring prices and economic chaos.”

We are hosting @CanBball Nationals August 5-10th and need your help to make it the best experience for our athletes, coaches and officials. Nationals is fast approaching so don’t wait. Visit the NLBA website to become a volunteer. 📸: @ucephoto

Celebrating a Brookside alumni. Way to go Ava!! https://t.co/mZnkjm0dT4

Confirmation of some good news. The recoverable oil volume from this discovery is estimated to be 340 million barrels. Canada’s offshore holds so much potential yet remains largely under explored.

Look out, shale. Competition from the deep sea is roaring back as Big Oil refocuses its attention on offshore drilling, write @DavidWethe and @CrowleyKev

“Oil and gas exploration plummeted during the pandemic, but attractive economics, a renewed social licence and a need to add more advantaged resources to company portfolios mean enthusiasm for discovering new fields is bubbling up again.”

All our girls representing NL at Slamfest NB. Assistant coach and 2 players. So proud.

Such a great player and even better person. I had the pleasure of watching her greatness emerge over the years and now all of us can witness it on the world stage with @CanBball U16s this week. Congratulations Newfoundland and Labrador’s Sarah Reid. Photo by @NLSPORTSPHOTOS

https://t.co/849KXT4Ext today is at the AAPG/PESGB Business & Exploration Opportunities Show (BEOS) 2023 London. Victoria Mitchell presented Insights into Eastern Canada's 2023 offshore license round.

The oil producing offshore of Canada’s easternmost province of Newfoundland and Labrador has experienced at least two peaks in the past two decades but is in another slow decline. The province has committed to efforts to reverse this trend and double output by the end of the

QatarEnergy grows its offshore exploration portfolio in Atlantic Canada #QatarEnergy #YourEnergyTransitionPartner ⁣⁣#Qatar

"Offshore oil and gas production isn’t going anywhere, and the sector matters now possibly more than ever", says Audun Martinsen Head of Supply Chain Research at Rystad Energy. https://t.co/rZQJQeIJoS #rystadenergy #energy #energymarkets #oilandgas #energytransition

WoodMac: Scarce high-quality oil and gas supplies threaten emissions targets | Oil & Gas Journal

“We see enough advantaged resources to satisfy only about half of our base-case oil and gas demand forecast to 2050.”- Woodmac. Our larger offshore Canada prospects fall within the “advantaged barrel” category. The world is in pursuit of these critical resources.

The article references 5000m depth. This is the total depth to reservoir from sea level. Water depth is about 1500m. So the reservoir is about 3500m below mud line.

One of the top 5 exploration wells in the world will be drilled this summer offshore Newfoundland. The Cape Freels prospect initially assumed to hold 4-5 billion barrels of oil and gas, potentially double in size to the offshore Hibernia field.

Some light reading for those interested in how your folks at OilCo apply the latest technology and methods to highlight our offshore prospectivity.

230-million new oil bids offshore NL with significant new player.

QatarEnergy, ExxonMobil Place Successful Bid for Deepwater Block in Canada

BP Hires Siem Offshore's Battery Hybrid PSV for Operations in Canada