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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.
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...
Oil Production Up 1.0% in April 2024. According to the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB), approximately 6.6 million barrels of oil were extracted from offshore Newfoundland and Labrador in April 2024, representing an increase of 1.0% compared to April 2023.
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.
Dec 12, 2023 · The PUB lowered the price of furnace oil across the province by 7.94 cents per litre and lowered the price of stove oil in Newfoundland only by 6.73 cents per litre.
Mar 15, 2022 · While the prices have been hard on residents, Coady said they'll translate to a windfall of roughly $70 million in royalties from the province's offshore oil sector in the current fiscal year.
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Oct 19, 2023 · The change puts the price between $2.16 and $2.28 per litre in Newfoundland and between $1.95 and $2.39 per litre in Labrador. Furnace oil increased by over 5.4 cents per litre, raising...
