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The Sir Robert Bond Papers: Thank you, Danny Williams #nlpoli

Rob Strong has been a key player in the local oil and gas industry pretty much since the earliest days.  He knows what he is talking about.Strong pointed out to VOCM on Wednesday that the Hebron field won’t be the cash cow for the provincial gov… . . . → Read More: The Sir Robert Bond Papers: Thank you, Danny Williams #nlpoli

The Sir Robert Bond Papers: More ways to lose than win #nlpoli

“What this province needs is not just someone with the brains to figure out what’s wrong with our economy,” future Premier Kathy Dunderdale wrote in 2002. 

“What this province needs is someone with the guts to start doing something about it for a change.”

Dunderdale’s letter to the editor of the Telegram appeared on . . . → Read More: The Sir Robert Bond Papers: More ways to lose than win #nlpoli

The Sir Robert Bond Papers: No equity? No surprise. #nlpoli

It didn’t take long for Paul Davis to get the comparison he was looking for last week.

The Telegram – not surprisingly – offered it up in the editorial on June 17:

“Premier Paul Davis pulled a Danny Williams Tuesday,”  the editorialist wrote.

Davis told the annual NOIA oil and gas industry conference that a . . . → Read More: The Sir Robert Bond Papers: No equity? No surprise. #nlpoli

The Sir Robert Bond Papers: A troublesome and costly pattern #nlpoli

There are so many problems raised by Premier Paul Davis’ zeal to sign an agreement with Statoil for the Bay du Nord that it is difficult to know where to begin.

Perhaps the best place to start is with the deal announced the day before Davis’ oil news.  The provincial government gave $6.5 million in . . . → Read More: The Sir Robert Bond Papers: A troublesome and costly pattern #nlpoli

The Sir Robert Bond Papers: A legacy of secrecy and bad deals #nlpoli

In response to questioning in the House of Assembly last Tuesday and Wednesday, natural resources Minister Derrick Dalley confirmed that the provincial government is in secret talks with Norwegian oil giant Statoil to develop a new field offshore Newfoundland.

There’s was nothing in the local media about it until the end of the week when . . . → Read More: The Sir Robert Bond Papers: A legacy of secrecy and bad deals #nlpoli

The Sir Robert Bond Papers: The Legacy of Faulty Assumptions: Hebron Revisited #nlpoli

Hebron is the last of the four, big, offshore discoveries from the 1980s.

It’s due to come into production in 2017 based on a development agreement reached initially in 2007 with the provincial government and finalised in 2008.  There’s a potential problem with current production schedule.  The topsides fabrication is delayed in Korea but we . . . → Read More: The Sir Robert Bond Papers: The Legacy of Faulty Assumptions: Hebron Revisited #nlpoli

The Sir Robert Bond Papers: Hebron delayed at least 12 months #nlpoli

CBC news reported on Thursday that the topsides module for the Hebron project won’t be delivered on time. 

Rather than arriving in 2015 for mating with the concrete base,  the entire structure for the living, drilling, and support spaces won’t arrive until sometime in the middle of 2016.

The original project timelines called for . . . → Read More: The Sir Robert Bond Papers: Hebron delayed at least 12 months #nlpoli

The Sir Robert Bond Papers: The cost of not doing the math #nlpoli

Natural resources minister Jerome Kennedy admitted over the weekend that he had not done the calculation to figure out if the equity stake in Hebron was worth the cost compared to just a change in the royalty regime.

CBC’s David Cochrane put the question to Kennedy after seven minutes or so of Kennedy’s recitation of . . . → Read More: The Sir Robert Bond Papers: The cost of not doing the math #nlpoli

The Sir Robert Bond Papers: The Hebron Complications #nlpoli

The partners in the Hebron project sanctioned the development on New Year’s Eve and announced the decision on Friday.

The new cost estimate to build the gravity base and bring the oil field into production is $14 million.  As CBC noted on Friday, the capital cost estimate for the project increased from $8.3 billion to . . . → Read More: The Sir Robert Bond Papers: The Hebron Complications #nlpoli

The Sir Robert Bond Papers: How much was that principle in the window? #nlpoli

Sending the third topsides module from Hebron outside the province was “absolutely unacceptable” to Premier Kathy Dunderdale back in June.

She was “extremely unhappy” and vowed to “pursue all avenues available” to her in order “to ensure that this very important work stays in Newfoundland and Labrador.”

A few months later, the absolutely unacceptable has . . . → Read More: The Sir Robert Bond Papers: How much was that principle in the window? #nlpoli

The Sir Robert Bond Papers: No deal likely on Hebron 3rd module #nlpoli

CBC’s got the story:

ExxonMobil will be able to move work related to the Hebron oil project out of Newfoundland within days, as the possibility fades for an agreement to use local fabrication facilities.

“We’re not making any real progress, and it doesn’t appear that mediation will solve the issue,” Natural Resources Minister Jerome Kennedy . . . → Read More: The Sir Robert Bond Papers: No deal likely on Hebron 3rd module #nlpoli

The Sir Robert Bond Papers: Provincial government working Hebron dispute outside terms of benefits agreement #nlpoli

Lots of words came from Premier Kathy Dunderdale and natural resources minister Jerome Kennedy in their dispute over construction of a major module for the Hebron project.

What became pretty clear – if you listen -  is that the provincial government is trying to squeeze some resolution to the dispute outside the provisions of the . . . → Read More: The Sir Robert Bond Papers: Provincial government working Hebron dispute outside terms of benefits agreement #nlpoli

The Sir Robert Bond Papers: $#*! Jerome said: Hebron Benefits #nlpoli

Hear what comfortable words Jerome! sayeth, back when he was finance minister (December 9, 2008):

The $4 billion six-year plan is as much as we can handle right now along with the Vale Inco, Hebron, and then hopefully the Lower Churchill. So we are at capacity, there are not enough workers, and there is simply . . . → Read More: The Sir Robert Bond Papers: $#*! Jerome said: Hebron Benefits #nlpoli

The Sir Robert Bond Papers: More $#*! the Premier said: copper fastened Hebron Benefits #nlpoli

December 16, 2009

Mr. Speaker, their ignorance of this project is staggering, and what is frightening about it is they put this out like they are speaking the truth.

Mr. Speaker, we have commitments on a concrete gravity-based structure, a mechanical outfitting, 4.1 million person hours of work; topsides drilling support module; topsides drilling derrick; . . . → Read More: The Sir Robert Bond Papers: More $#*! the Premier said: copper fastened Hebron Benefits #nlpoli

The Sir Robert Bond Papers: $#*! the Premier said: Hebron Benefits #nlpoli

November 27, 2008:

One of the things that I am proudest of – I mean, the benefits that we negotiated under the Hebron agreement have never been seen in this Province before. They are so comprehensive and they are so detailed, but one of the things I am so proud of is the gender and . . . → Read More: The Sir Robert Bond Papers: $#*! the Premier said: Hebron Benefits #nlpoli

The Sir Robert Bond Papers: Looking beyond the Hebron sandbox #nlpoli

ExxonMobil drew a line in the sand this morning, and the minister and I are here to draw another line in the sand, as far as this project is concerned.

Premier Kathy Dunderdale, 21 June 2012

Premier Kathy Dunderdale and natural resources minister Jerome Kennedy spent more than a half hour meeting with . . . → Read More: The Sir Robert Bond Papers: Looking beyond the Hebron sandbox #nlpoli

The Sir Robert Bond Papers: The Kruger Nexus #nlpoli

As an astute reader pointed out in a n e-mail Tuesday morning, the Hebron-Muskrat Falls connection is not really as important these days as the the connection between the future of the Kruger mill at Corner Brook and the plan to develop the Lower Churchill.

Manitoba Hydro International noted that connection in their review of . . . → Read More: The Sir Robert Bond Papers: The Kruger Nexus #nlpoli

The Sir Robert Bond Papers: The New Hebron-Muskrat Falls Connection #nlpoli

Natural resources minister Jerome Kennedy is right:

“There’s obviously an obligation…on any member in this house when presenting a petition to ensure that accuracy, to ensure that statements made to this house are ones that can be relied on … This is a very serious matter."

The obligation for accuracy doesn’t just apply to petitions.  . . . → Read More: The Sir Robert Bond Papers: The New Hebron-Muskrat Falls Connection #nlpoli

The Sir Robert Bond Papers: NAFTA and Hebron #nlpoli

ExxonMobil and Murphy Oil have won a North American Free Trade Agreement appeal of a 2004 offshore board regulation that sets the amount of research and development money oil companies operating offshore must make in the province.

They filed the appeal in 2007

That means the oil companies will have to pay the much lower . . . → Read More: The Sir Robert Bond Papers: NAFTA and Hebron #nlpoli

The Sir Robert Bond Papers: Hebron Development Approved #nlpoli #cdnpoli

From the Canada-Newfoundland and Labrador Offshore Petroleum Board:

The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) announced today that the Hebron Development Application is approved.

At its April 27, 2012 meeting, the Board approved the Hebron Benefits Plan and Development Plan subject to the conditions outlined in Decision Report 2012.01. In its deliberation with respect . . . → Read More: The Sir Robert Bond Papers: Hebron Development Approved #nlpoli #cdnpoli

The Sir Robert Bond Papers: Hebron review complete #nlpoli

The review panel appointed by the offshore regulatory authority to review the Hebron development issued its report on Tuesday with a set of 64 recommendations attached.

Among them (bolding added):

Helicopter safety should be the top priority of the C-NLOBP. Guided by the rulings of the Transportation Safety Board of Canada, Transport Canada, the Federal . . . → Read More: The Sir Robert Bond Papers: Hebron review complete #nlpoli

The Sir Robert Bond Papers: Hebron, the Lower Churchill and Local Benefits #nlpoli #cdnpoli

Apparently, this whole Hebron work thing is much ado about nothing.

Premier Kathy Dunderdale spent some time Monday afternoon chatting with On the Go’s Ted Blades about a recent decision by Kiewit to take a pass bidding on a second topsides module for the Hebron project.

Labour was tight. The company was having trouble delivering . . . → Read More: The Sir Robert Bond Papers: Hebron, the Lower Churchill and Local Benefits #nlpoli #cdnpoli

The Sir Robert Bond Papers: Hebron work leaving the province? #nlpoli #cdnpoli

Via CBC:

Minister Jerome Kennedy said Kiewit won’t do some key Hebron work, worth $75 to 100 million, at Marystown and it may have to be done elsewhere.

Apparently Kennedy and Premier Kathy Dunderdale met with Kiewit officials last week.

Interestingly enough, while they were there, the Premier’s communications director tweeted:

Premier @KathyDunderdale & @jerome_kennedy . . . → Read More: The Sir Robert Bond Papers: Hebron work leaving the province? #nlpoli #cdnpoli

The Sir Robert Bond Papers: The politics of quackery #nlpoli

Comedian Dara O’Briain has a routine someone has posted to youtube in which he lambastes advocates of ideas that have no foundation in facts.

He lampoons the irrational.

On that latter one, O’Briain could be lampooning the provincial New Democrats, and specifically Dale Kirby.

Kirby presented a brief to the Hebron development review commission this . . . → Read More: The Sir Robert Bond Papers: The politics of quackery #nlpoli

The Sir Robert Bond Papers: Hebron benefits less than touted #nlpoli

The companies developing the Hebron oil field offshore Newfoundland and Labrador won’t be doing as much of the construction work in the province as some people might have believed.

According to the Telegram, Kiewit’s yard ay Marystown “is being looked at” to build the drilling support module, the accommodation module is supposed to go to . . . → Read More: The Sir Robert Bond Papers: Hebron benefits less than touted #nlpoli