Near-record investment expected as ‘bow wave’ of activity heads for Newfoundland offshore

“Newfoundland and Labrador’s offshore oil industry is preparing for a serious uptick in exploration activity, with $4 billion in work commitments poised to attract near-record drilling in the next few years as companies search for the next Hibernia-type discovery. But industry leaders caution that myriad factors will determine whether that target is achievable, or whether it is significantly surpassed.”  

Plucking Minerals from the Seabed is Back on the Agenda

Big companies have looked into the idea of mining the ocean floor since the 1960s and 1970s. They proved the principle by collecting hundreds of tonnes of manganese nodules—potato-sized mineral. At first sight, these nodules are attractive targets for mining because, besides manganese, they are rich in cobalt, copper and nickel. As a commercial proposition, though, the idea never caught on. Working underwater proved too expensive and prospectors discovered new mines on dry land. Worries about shortages went away, and ocean mining returned whence it had come, to the pages of science-fiction novels. But now it is coming back.

Canadian Robotics Company, Clearpath Robotics, Raises $30 Million

  Clearpath Robotics raises $30 million to become a Tesla for the factory floor

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