• Sign up for the Daily Digest E-mail
  • Facebook
  • Twitter
  • LinkedIn

BOE Report

Sign up
  • Home
  • Headlines
    • Latest Headlines
    • Columns
    • Discussions
  • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts
    • CAODC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
  • Industry Data
    • Canada Well Licences
    • USA Market Data
    • Data Subscription
  • Jobs

N.L.’s struggling oil sector dominates debate as legislature reopens

September 14, 20201:33 PM The Canadian Press0 Comments

Statoil Offshore Newfoundland Rig

ST. JOHN’S, N.L. – Newfoundland and Labrador’s struggling offshore oil industry dominated discussion today at the reopening of the province’s legislature.

The legislature resumed so the minority Liberal government could adopt a supply bill to keep operations running until a proper budget is passed later this month.

But recent news that Husky Energy is considering axing its $2.2-billion West White Rose offshore oil project grabbed most of the attention.

The company says it’s reevaluating its operations in the province and is asking for a government buy-in on the project, which is already more than halfway finished.

Premier Andrew Furey told reporters the province simply can’t afford Husky’s asking price, though he didn’t say how much it is.

He says he’s had no indication from Ottawa that the federal government is interested in a buy-in, either.

29dk2902l

Husky Energy

Follow the BOE Report
  • Facebook
  • Twitter
  • LinkedIn
Sign up for the BOE Report Daily Digest E-mail
Latest Headlines
  • Pembina Pipeline Corporation reports results for the fourth quarter and full year 2020
  • NuVista Energy Ltd. executes non-core divestitures, reduces debt significantly, and provides production and operations update
  • Imperial Oil reports one-billion-barrel drop in bitumen reserves at end of 2020
  • Oil hovers near 13-mth highs as storm hits U.S. output, Fed assures rates staying low
  • Remanufactured oilfield equipment products

Return to Home
Alberta Gas
CAD/GJ
Market Data by TradingView





    Note: The page you are currently on will be sent with your report. If this report is about a different page, please specify.

    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    Resources
    • App
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contribute
    • Contact
    • Report Error
    Featured In
    • CamTrader
    • Rigger Talk
    Data Partner
    • Foxterra
    BOE Network
    © 2021 Grobes Media Inc.