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Budget assumptions versus daily Brent spot prices and year-to-date (YTD) averages. Fiscal Year. 2022-23; 2021-22; 2020-21; 2019-20; 2018-19; 2017-18; 2016-17; Note: The daily Brent spot prices are the daily Brent closing spot prices from the U.S. Energy Information Administration
Mar 11, 2020 · Heavy oil production from this project accounted for 43% of Newfoundland and Labrador’s production in 2019, up from 27% in 2018. Figure 1. Crude oil production trend for offshore Newfoundland and Labrador from 2010 to the end of 2019
The purpose of this report is to show how the oil and gas industry impacts the Newfoundland and Labrador economy and how potential growth in output in the years ahead could benefit the province. Specifically, the report will address: • The current economic impact of the offshore oil industry on the Newfoundland and Labrador economy, including:
Dec 30, 2018 · In my 2018 predictions, which I will grade in a couple of weeks, I projected that oil prices would reach $70/bbl in 2018. The price of WTI, the U.S. benchmark, rose to that level in May and...
Crude Oil Prices. The following is a listing of the department’s crude oil reports in PDF format. 2013. 2012. 2011. 2010. 2009.
Jul 9, 2021 · The company announced a $6.8 billion plan in 2018 to develop Bay du Nord but deferred the project last year thanks to COVID and the crash in oil prices. Barnes said he expects the company could make an announcement on Bay du Nord by early 2022.
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Oil production, lifted in the first full year of operation at the Hebron offshore platform, will likely provide a partial offset but the government now foresees a 5.1% increase rather than the 6.4% gain forecast in April.
