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Churchill Falls (Labrador) Corporation receives Quebec Court of Appeal decision on the 1969 Power Contract

August 1, 2016

Churchill Falls (Labrador) Corporation (CF(L)Co) today received the decision from the Quebec Court of Appeal with respect to the motion it filed in February 2010 regarding the inequities of the 1969 Power Contract between CF(L)Co and Hydro-Québec and its Renewal. In August 2014, CF(L)Co filed an appeal of the Quebec Superior Court Good Faith decision… Read More

Nalcor Energy releases first offshore Metocean study reducing exploration uncertainty for global oil industry

June 18, 2016

Nalcor Energy Oil & Gas today released the results of the first regional Metocean study for offshore Newfoundland and Labrador to the global oil and gas industry. The Metocean Study looked at seven conditions in the provinces offshore to better understand the conditions in order to reduce exploration risk and uncertainty. The study was undertaken… Read More

Nalcor CEO Announces Organizational Changes

June 15, 2016

Stan Marshall, CEO, Nalcor Energy, today announced changes to the company’s executive structure. “Since taking on the role of CEO of Nalcor Energy, I’ve been assessing the company’s operations and existing executive structure and feel changes are required to put greater emphasis on our company’s priorities,” said Marshall. “These priorities are to ensure successful completion… Read More

Nalcor Energy reports first quarter results

May 13, 2016

Nalcor Energy released its financial update for the first quarter ended March 31, 2016 today. Key First Quarter Financial Highlights – YTD profit of $28.0 million, a decrease of $1.3 million over the first quarter of 2015, largely as a result of an increased loss in Hydro Regulated and offset partially by lower operating costs…. Read More

Statement from Ed Martin, CEO, Nalcor Energy

April 20, 2016

Over the past week, there has been considerable public discussion about Nalcor Energy, the Muskrat Falls project and my tenure as CEO. Today I’m taking the opportunity to address some of those issues. Before coming to work at Nalcor, I worked in the oil and gas industry in the Nova Scotia offshore and Calgary before… Read More

Nalcor Energy releases 2015 Business and Financial Report

March 22, 2016

Nalcor Energy today released its Business and Financial Report for the year ending December 31st, 2015 including consolidated financial statements. Nalcor’s focus continues to be firmly on providing reliable electricity service to customers, as well as developing growth opportunities in Oil and Gas, Energy Marketing, Bull Arm Fabrication and the development of Muskrat Falls. During… Read More

Dr. Richard Wright Exploration Manager with Nalcor Energy Oil and Gas receives Industry Achievement Award

February 25, 2016

Dr. Richard Wright, Exploration Manager with Nalcor Energy, Oil and Gas was honoured with the Rising Star Award by the Newfoundland and Labrador Oil & Gas Industries Association (Noia) today at the 2016 Industry Achievement Awards Luncheon. The Rising Star Award was launched by Noia in 2014 to recognize the talents of an impressive individual… Read More

Nalcor receives award for offshore exploration work

February 1, 2016

Nalcor Energy is the recipient of Natural Resources Magazine Resource Development Award for the oil and gas exploration work the company is carrying out offshore Newfoundland and Labrador. The Resource Development A ward is given to a company that develops an oil and gas, mining or renewable energy resources project in Atlantic Canada that results… Read More

Nalcor Energy provides third quarter update

November 12, 2015

Nalcor Energy released its 2015 third quarter update today. “Nalcor’s businesses are in good position overall as we approach the end of 2015,” said Ed Martin, President and Chief Executive Officer. “The company remains focused on safety as our top priority, on executing our current projects, and on continuing to manage and grow the province’s… Read More

Study completed evaluating prospectivity of upcoming license rounds offshore Newfoundland and Labrador

November 4, 2015

Nalcor Energy Oil and Gas in partnership with MG3 (Survey) UK Limited and Amplified Geochemical Imaging have completed a multi-client seabed coring program for offshore Newfoundland and Labrador. “We are focused on finding new oil and gas potential for the people of Newfoundland and Labrador,” said Jim Keating, VP Oil and Gas, Nalcor Energy. “Our… Read More