Date: June 28, 2019
Time: 12:00 - 1:30 p.m.
Location: Capital Hotel, Kenmount Road
Cost: $20 for Connections East members, 30 for non-members
Speaker Topic and BIO Information
In 2003, Petroleum Research Atlantic Canada released a report on the ‘Socio-Economic Benefits from Petroleum Industry Activity in Newfoundland and Labrador’ during the 1999 to 2002 period. It concluded that the socio-economic effects of the offshore petroleum industry had been ‘large, widely distributed, and long-term. It has made, and will continue to make, a very important contribution to the economy and society of Newfoundland and Labrador’. Updates to this report for 2003 and 2004, 2005-2007, 2008-2010, and 2011-2014 reinforced these conclusions and determined that production activity, exporting and diversification into other industries had become increasingly important components of the industry, resulting in a more stable pattern of activity and subsequent benefits.
The latest iteration of this report has been prepared for Petroleum Research Newfoundland and Labrador by Stantec Consulting Ltd, with funding from PRNL and the support of the NL Department of Natural Resources. It provides information and analysis for 2015-2017 on offshore petroleum industry activity and expenditures, the resultant direct and multiplier economic benefits to the province, and other benefits-related developments in such areas as infrastructure, education, training, and R&D. It also summarizes the involvements of a range of companies in the offshore petroleum industry in Newfoundland and Labrador, and the ways in which this has led them to develop new goods and services, hire and train personnel, acquire new facilities and equipment, and improve quality, health, safety, and environmental policies, practices, and performance. It also documents the way in which this has led to them winning oil industry work in other jurisdictions, and undertaking work in other industries, both locally and elsewhere. The report concludes that this represents a remarkable economic development success story.
Mark Shrimpton (Principal, Stantec Consulting Ltd., St. John’s NL) has nearly 40 years’ experience assessing, planning, monitoring, and managing the socio-economic impacts of resource development and infrastructure projects. This has included work on major Newfoundland and Labrador projects in the petroleum (e.g. Hibernia, Terra Nova, White Rose, Hebron, and Bay du Nord), mining (e.g. Voisey’s Bay), mineral processing (e.g. Long Harbour) and hydro-electric (e.g. Lower Churchill) industries. He has provided related advice to proponent companies, regulators, industry groups and others across Canada and in the US, UK, Greenland, Iceland, Faroe Islands, France, Switzerland, Russia, Falkland Islands and Australia, and undertaken policy-related studies of resource development project activity for the Atlantic Canada Opportunities Agency, US Minerals Management Service, and UN International Labour Office. Mark is a Member of the Pool of Experts for the ‘UN Regular Process for Global Reporting and Assessment of the State of the Marine Environment, including Socio-economic Aspects’, a Member of the Canadian Environmental Assessment Agency’s Technical Advisory Committee on Science and Knowledge, and a Professional Associate of the Harris Centre at Memorial University.
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Deadline for reservations/cancellation is close of business, Thursday, June 20, 2019.
Tender pork rib basted in a house BBQ sauce
Whipped potato, vegetable & premium dessert
Freshly baked bread
Freshly brewed tea & coffee
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