Nalcor Energy > News Room > News Releases > Current Nalcor Releases

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

Nalcor CEO Announces Appointment of Hydro President

November 3, 2015

Ed Martin, CEO, Nalcor Energy, parent company of Newfoundland and Labrador Hydro, today announced the appointment of John MacIsaac as President, Newfoundland and Labrador Hydro (Hydro), effectively immediately. Since 2010, MacIsaac has been Vice-President, Project Execution and Technical Services and the Nalcor Executive lead for Churchill Falls operations. His focus on rigorous planning, execution and… Read More

Nalcor driven study uncovers tremendous potential Offshore Newfoundland and Labrador

October 1, 2015

The Government of Newfoundland and Labrador, Nalcor Energy and Beicip-Franlab announced today that the “in place” oil and gas resource potential is 12 billion barrels of oil and 113 trillion cubic feet of gas for 2015 license round area in offshore Newfoundland and Labrador. “This is an momentous day for the future of Newfoundland and… Read More

Nalcor Energy provides second quarter update

August 13, 2015

Nalcor Energy released its 2015 second quarter update today. “Despite challenging global commodity prices, Nalcor’s businesses are performing well and the company is in a position of strength,” said Ed Martin, President and Chief Executive Officer. “We are continuing to invest in and grow Newfoundland and Labrador’s energy assets, which are now at more than… Read More