The mood of Energy N.L.’s annual industry conference and exhibition changed with one email — at exactly 12:26 p.m. on Wednesday — smack-dab in the middle of a conference that kicked off a day earlier with the theme of “unrivalled opportunity.”
That kind of sunny optimism turned to grey reality when Norweigian oil giant Equinor issued a statement, saying it was delaying the massive Bay du Nord project for up to three years due to market volatility.
Energy N.L. president Charlene Johnson said she had a brief heads up the news was coming. Newfoundland and Labrador Premier Andrew Furey said it came as a surprise.
And with that,
