Adam Lichter says he spent his last year in Newfoundland and Labrador's oil industry teaching himself to code while working on a supply vessel in an oilfield about 350 kilometres off the coast of St. John's.
A recent poll shows an overwhelming majority of Newfoundland and Labrador residents want to see a transition away from fossil fuels. But the province is handing over hundreds of millions of dollars to the struggling industry.
Norwegian oil giant Equinor ASA says it has completed its exit from the Canadian oilsands by selling the 18.8 per cent stake in producer Athabasca Oil Corp. it acquired three years ago.
The Canadian Association of Petroleum Producers is predicting the country's oil production will increase by 1.4 million barrels per day by 2035, despite an ongoing "competitiveness gap" that discourages investment.
Consumer demand for fuel is growing slightly after a sudden decline due to measures to deal with the COVID-19 pandemic but the CEO of Suncor Energy Inc. says he doesn't expect a full recovery for his company or the Canadian energy sector until at least 2022.