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Feb 21, 2023 · As the COVID-19 pandemic sent oil prices plumeting to historic lows, emails show Newfoundland and Labrador was quietly bracing for two of its offshore oilfields to be abandoned by their...
Mar 15, 2022 · JOHN'S, N.L. - Newfoundland and Labrador's finance minister says her department expects about $70 million more oil revenue than forecast this fiscal year, and some of the cash will be used to...
Budget assumptions versus daily Brent spot prices and year-to-date (YTD) averages. Fiscal Year. Note: The daily Brent spot prices are the daily Brent closing spot prices from the U.S. Energy Information Administration.
May 29, 2023 · The Newfoundland and Labrador oil sector is on the upswing. Projects threatened by the pandemic are back online. Construction and exploration work is accelerating.
Oct 19, 2023 · Furnace oil increased by over 5.4 cents per litre, raising prices to between $1.37 and $1.55 per litre in Newfoundland. Stove oil increased by over 7.2 cents per litre across much of the...
Jul 9, 2021 · The trips have not been as frequent since 2020, the result of historically low oil prices due to the pandemic and resulting economic downturn. Last year oil prices dropped to below $20 a barrel. In Newfoundland and Labrador, the West White Rose extension project stalled, shutting down construction on a gravity-based platform at Argentia.
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Dec 28, 2023 · In Newfoundland, the price of diesel increased 0.7 cents per litre, whereas in Labrador West and Churchill Falls, that jump was 0.6 cents per litre. In Newfoundland, stove oil heating fuel...
