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Atlantic Canada’s Offshore Fields
It has proven to be an ever-changing and expanding industry that has presented the promise of future opportunities for the country and transformed the face of Atlantic Canada. “It” is, of course, the region’s offshore oil and gas industry, an industry that has pumped billions of dollars into the Canadian economy and provided thousands of employment opportunities both federally and …Continue Reading
NL Special Report: Hot commodities
Natural resources are driving the Newfoundland and Labrador economy, with energy projects pushing the province to more than 60 per cent of planned major project spending in the entire Atlantic region. What does that wealth of work mean for the labour market, economy and public policy in Canada’s youngest province? In 1883, the Sisters of Mercy purchased the Littledale site …Continue Reading
Developments
N.L. still seeks 8.5 per cent solution For both sides, it’s a matter of fairness. Newfoundland and Labrador says Ottawa has more than recouped its initial investment in the Hibernia oilfield, and it’s time to turn over its equity stake — and share of the profits — to the province. The feds, meanwhile, say Ottawa’s action nearly two decades ago …Continue Reading
In Full Bloom
The Rose in question may be White, but the value is in gold. Black gold, that is.
Publisher’s Note
We are on the verge of becoming the next Aberdeen, a hairsbreadth from turning into another Stavanger. Or, as one prescient oil exec put it, we’re a small Saudi Arabia in the making.
Offshore Overview
Status report on the reserve potential, development partners and lifespan of Atlantic Canada’s producing fields.
