Waterford Energy Services Inc.

Waterford Energy Services Inc. does econext Christmas Party ! Gerry Hewitt Fahim Muntasir, E.I.T

There is an Ocean of Opportunity upcoming in our energy sector ! Kristina Kearney is currently accepting resumes for Subsea Engineers for the below positions. WESI Careers #subseaengineering #newfoundlandandlabrador

WESI Careers in now accepting resumes for Engineers focusing in Subsea. Please feel free to reach out to Kristina Kearney for more information regarding enrolling in our Subsea database for upcoming opportunities. Waterford Energy Services Inc.

The Waterford team was honoured to attend the 3-day Marine Renewables Canada Conference last week in Halifax as a proud silver sponsor. The event featured exceptional speakers and exhibitors, most notably Martin Thomsen's presentation on the Strait of Canso, emphasizing WESl's involvement in the project. A big thank you to the Marine Renewables Canada team for organizing such a remarkable conference. We're thrilled to contribute to this dynamic and evolving industry and eagerly anticipate #MRC2025 ! #Renewables #OffshoreEnergy #Conference #MRC2024

This report was issued by The Fraser Institute earlier this year. It presents the results of 2023 Canada-US Energy Sector Competitiveness Survey regarding barriers to investment in oil and gas exploration and production facilities in each country. - A total of 165 respondents participated in the survey. - Evaluating four Canadian provinces and 13 American states. - Wyoming is the most attractive jurisdiction for oil and gas investment followed by North Dakota (2nd), Saskatchewan (3rd), Oklahoma (4th) and Kansas (5th). - Saskatchewan’s ranking is followed by Alberta (9th) and British Columbia (15th). - Higher cost areas Offshore GoM ranks 7th, while offshore Newfoundland and Labrador is 14th. - California is last at 17th place. - Investors indicated that uncertainty concerning environmental regulations, regulatory duplication and inconsistencies, and disputed land claims were more concerning in Canadian provinces than in US states. - On average, 68 percent of respondents were deterred by the uncertainty concerning environmental regulations in Canada compared to 41 percent in the United States. - Similarly, 54 percent of respondents for Canada, on average, are deterred by regulatory duplication and inconsistencies compared to 34 percent for the United States. - On average, 45 percent of respondents indicated that uncertainty concerning disputed land claims is a deterrent to investment in Canada’s provinces compared to 25 percent for the United States. - Overall, the US performs better than Canada in 13 out of the 16 policy factors.

Just four weeks ago we were at Floating Energy - Mediterranean (FloatMed), this week our team was in attendance at Net Zero Atlantic and Marine Renewables Canada events. We presented, hosted a social event Tuesday night (fun!) and participated as members should. WESI's Takeaways for Canadian Offshore Renewable Industry? See below... 👇 👍 Supply Chain - our region is in a very good position owing to decades of oil and gas activities. 👍 Ports – our region benefits from excellent facilities! Proven with current OSW activities in Port of Argentia, Port of Sydney Development Corporation, Strait of Canso, Sheet Harbor and Halifax. ❓ Where’s the Market – this is a challenge - Domestic, Power-to-X, Export? 👍❓ Existing and Future Land Wind and Hydro – existing green power will have lower LCOE than OSW, which will challenge OSW to be more cost competitive. ❓ What's future demand and sales price for Power-to-X Products? - uncertain ❓ Regulatory Risk - foreign investment will measure this risk and go elsewhere if certainty missing. Despite Bill C-49 passing, Offshore Renewable Energy Regulations (ORER) is a work in progress. 👍 Fixed Bottom Wind – proven and lends itself well to offshore Nova Scotia provided LCOE is competitive.  ❓ Floating Wind - opportunities to collaborate with Maine exist and should be explored, but today there is NO sanctioned (FID) commercial floating projects globally, and NO floating wind capable port in North America.

In Flanders Fields, by John McCrae. In Flanders Fields the poppies blow Between the crosses, row on row, That mark our place; and in the sky The larks, still bravely singing, fly Scarce heard amid the guns below. We are the Dead. Short days ago We lived, felt dawn, saw sunset glow, Loved, and were loved, and now we lie In Flanders fields. Take up our quarrel with the foe To you from failing hands we throw The torch, be yours to hold it high If ye break faith with us who die We shall not sleep, though poppies grow In Flanders fields.

Our team is fresh from a string of key industry events such as AFloat - American Floating Offshore Wind Technical Summit , Floating Energy - Mediterranean (FloatMed) and in Atlantic City American Clean Power Association (ACP). Time to focus on back yard!

See you soon Atlantic City for American Clean Power Association (ACP)!

Thank you Bari and Floating Energy - Mediterranean (FloatMed)