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

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

Newfoundland’s Hibernia offshore oil project gets $38 million in federal aid

December 23, 202012:59 PM The Canadian Press0 Comments

Hibernia rig, offshore Newfoundland

ST. JOHN’S, N.L. – Newfoundland and Labrador Premier Andrew Furey says the $38 million his government is giving the Hibernia offshore oil project will protect about 148 jobs over 18 months.

Furey made the announcement today, saying the money comes from a pot of $320 million offered to the province by the federal government in September to bolster the floundering oil industry.

Stephen Edwards, president of the Hibernia Management and Development Company, says the money will help it increase production and upgrade infrastructure that could lead to ten more years of drilling.

The company’s quarterly reports indicate staff numbers have fallen from 1,479 to 840 over the year, following hundreds of layoffs last spring.

Among Hibernia’s owners are ExxonMobil Canada, Chevron Canada Resources and Suncor.

Earlier this month, the province announced Husky Energy would receive $41.5 million to extend the life of its White Rose oilfield, located about 350 kilometres off the coast of St. John’s.29dk2902l

Chevron Husky Energy Suncor

Follow the BOE Report
  • Facebook
  • Twitter
  • LinkedIn
Sign up for the BOE Report Daily Digest E-mail
Latest Headlines
  • Cenovus to lay off upwards of 2,000 employees
  • Oil prices edge up amid doubts over U.S. stimulus, rising coronavirus cases
  • Column: Billions of people at risk from heating fuel shortages? BORING. What’s Tesla stock up to?
  • Perpetual Energy Inc. receives Alberta Court of Appeal judgment relating to the Sequoia Disposition
  • Corporate hierarchy changed significantly for wells drilled – Western Canadian Sedimentary Basin

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





    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.