Our Energy Industry Today

Oil & Gas

Since the 1960s, interest in the region’s offshore petroleum sector has moved through a series of peaks and valleys.



For the time being, offshore oil and gas activity has slowed. ExxonMobil and Encana are currently decommissioning offshore the Sable and Deep Panuke natural gas production projects. BP Energy Canada and Equinor have Active Exploration Licences off the Nova Scotia coast.



Nova Scotia’s first petroleum project, Cohasset oil, ceased production in 1999. More details on the history and regulation of the offshore sector can be found at the website of the Canada-Nova Scotia Offshore Petroleum Board (CNSOPB).



There remains enormous potential for petroleum discoveries in the offshore, according to the Play Fairway Analysis, and onshore, as outlined in the Petroleum Atlas both conducted for the Nova Scotia Department of Energy and Mines.



Irving Oil remains a Maritime-based, internationally successful industry leader, with its shipping and refining centre in Saint John, N.B.



There are currently two active onshore sources of gas production in the Maritimes, a natural gas development in New Brunswick (Corridor Resources) and a Coal Bed Methane project in Nova Scotia (East Coast Energy).



Nova Scotia and New Brunswick both have significant shale gas reserve potential. However, with moratoriums in place on the utilization of hydraulic fracturing technology, exploration has been limited. The current government of New Brunswick, elected in 2018 has made a regulatory change to allow for the lifting of the moratorium in the Sussex area.



Recognizing the global lower carbon focus underway, Canada and its provinces are introducing policies and programs to lower greenhouse gas emissions by adjusting our traditional fossil fuel energy mix to reduce our current energy utilization and moving towards cleaner and greener energy solutions.


This will take a significant amount of time. Still, the industry in the Maritimes has adapted and diversified -- as has the MEA to meet the needs of its members.



The majority of our member companies offer goods and services that cover all aspects of the energy sector – our supply chain is mature and experienced to deliver products and expertise to domestic and export markets.




84 member companies support the Offshore Oil & Gas sector:


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Renewables

The Maritime provinces are moving toward renewable energy supply, with (quite literally) the shifting winds.



New Brunswick is on track to meet the 2020 renewable energy supply target of 40 percent. NB Power’s electricity mix was 28 percent renewables in 2017, including hydro, wind, and biomass.



New Brunswick has about 300MW of wind power and plans to exand with another 120 MW from smaller projects developed by First Nations, communityy groups and municipally owned utilities.



Tidal energy remains a developing opportunity with several proponents developing and implementing new technology in the Minas Basin.



Nova Scotia is required to have renewables supply 40 per cent of its electricity by 2020; Nova Scotia Power says it is on track to achieve that.



In 2017, 29 per cent of electricity came from renewable sources, according to NSP1. Just a decade earlier, only nine per cent of Nova Scotia’s electricity came from renewables.



Nova Scotia has over 600 MW of wind energy, which provides about 20 percent of the province’s power. The provincial government ended its COMFIT program in 2015, saying it had reached peak wind power production in the province.



Wind power is the region’s leading renewable source for the electricity grid. Prince Edward Island was the first jurisdiction in North America to have wind power provide more than 30 percent of its electricity.



Hydro power is a significant clean source of electricity for New Brunswick, supplying about 20 percent of the province’s energy mix. The percentage is slightly lower in Nova Scotia. PEI has no hydroelectric power of its own.



Now, the region is poised to receive a significant incremental supply of hydroelectricity from Newfoundland and Labrador, upwards of 800 MWs of new generation. Emera’s Maritime Link project connects Nova Scotia by subsea cable to Nalcor’s Muskrat Falls project.



The connection is already allowing NS Power to supply electricity to Newfoundland and Labrador; the hydro power from Muskrat Falls is expected to come on stream in 2019.




84 member companies support the Renewables sector:


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Energy Efficiency and Cleantech

Maritime provincial governments have made significant investments in energy efficiency and conservation over the past several years. And now, the federal government has gotten back into the game.



The Trudeau government’s focus on reducing carbon emissions has translated into significant new funding for energy efficiency in the region.



For instance, as part of Ottawa’s Low Carbon Economy Fund, Efficiency New Brunswick and Efficiency Nova Scotia will receive more than $50 million over the next four years to help homeowners save energy and reduce carbon emissions.



In tandem with that drive for efficiencies and greener industry, clean technology has become a priority sector for the region. Provincial and federal governments alike are promoting, partnering – and funding – clean technology enterprises, from app development to new technologies.


24 member companies support the Cleantech sector:


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Support Services

Partnership and collaborations with a wide range of support service providers are at the very heart of the energy sector on east coast of Canada.



The energy sector in the Maritimes has a mature supply chain of goods and service companies that have the skills and expertise needed to support the industry today. For over 100 years, local companies have supported large producers in the local market – through petroleum refining, oil & gas exploration and production, renewable energy project development and now, clean technologies to power the future. Throughout the development of the industry, the local supply chain has adopted and implemented the processes, controls and certifications to meet the stringent demands of the global marketplace. Energy support services companies in the Maritime provinces have a reputation of providing quality goods and services to their partners worldwide.



The Maritimes Energy Association can help to connect you with the right partners to bring together the skills, support, products and information you need to make your project successful from concept to finish.




24 member companies support this sector:


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Electricity Grid

The Maritime Link project, linking Nova Scotia and Newfoundland and Labrador has done more than just secure a supply of hydroelectricity. It has also ensured that the region is no longer at the end of the line on the electricity grid.



The Maritime Link is an integral part of a loop that connects Newfoundland and Labrador, Nova Scotia, New Brunswick, Prince Edward Island and the Northeast United States. Upgrades to the loop will make an even more critical element for energy security and reliability in the region.



Emera is also promoting its Atlantic Link, a subsea connection from New Brunswick to New England. The project was not selected by potential American partners, however Emera has said it remains positive about the project.



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