Post on : November 27, 2025
November 27, 2025 – Energy Research & Innovation Newfoundland & Labrador (ERI) released a report today highlighting significant economic and social contributions of Newfoundland and Labrador’s offshore oil and gas industry to the province.
The report, Socio-economic Benefits from Oil and Gas Industry Activity in Newfoundland and Labrador, 2018-2024, demonstrates the offshore sector’s continued role as a cornerstone of the provincial economy, supporting thousands of jobs and driving growth in Newfoundland and Labrador.
The report, authored by Stantec Consulting, also features a series of case studies highlighting companies and organizations that originated in the province or expanded their presence here because of offshore industry activity.
Links:
Infographic – Socio-economic Benefits Highlights
Video – Socio-economic Benefits Overview (~2 minutes)
Video – Atlantic XL (~1 minute)
Video – Women in Resource Development Corporation (WRDC) (~1 minute)
Video – Killick Inn & Suites (~1 minute)
Video – Enaimco (~ 1 minute)