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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...
May 29, 2023 · But with experts — and even oil companies — projecting global demand for oil will begin to fall as early as 2030, how long will the rebound last? The Newfoundland and Labrador oil sector is...
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.
Jul 9, 2021 · Plans for a refit were delayed while a task force of government and industry assessed how best to spend the $320 million provided by Ottawa last fall to aid the offshore oil industry. Now there are signs of a turnaround. This week the value of Brent Crude surged to a six-year high of $76 a barrel.
Sep 12, 2022 · As COVID-19 was spreading, an oil price war between Saudi Arabia and Russia hit Newfoundland and Labrador hard. The price of oil plummeted, creating a crisis for Canada’s easternmost province, which is heavily reliant on oil revenue to pay for services for its population of about 520,000.
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...
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Why is Newfoundland investing so much in offshore oil?
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Will Newfoundland and Labrador double offshore oil production by 2030?
What is Newfoundland and Labrador doing about oil?
Jul 5, 2023 · Oil production in Newfoundland and Labrador is slated to begin a sharp decline within the next decade, peaking at the latest by the early 2030s, according to a report from the Canada Energy...
