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1. www.gov.nl.ca › fin › brent-crude-trackingOil Prices – Budget Assumptions vs. Daily Brent Spot Prices

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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.

2. www.gov.nl.ca › fin › economicsOil Production Up 1.0% in April 2024 - Finance

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   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.

3. oilprice.com › Energy › Oil-PricesWhy Oil Prices Rose And Crashed In 2018 | OilPrice.com

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   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...

4. energynl.ca › wp-content › uploadsNewfoundland and Labrador Offshore Oil & Gas Industry ...

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   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:

5. www.cer-rec.gc.ca › en › data-analysisMarket Snapshot: Offshore Newfoundland and Labrador heavy oil ...

   www.cer-rec.gc.ca › en › data-analysis

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   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

6. www.cer-rec.gc.ca › en › data-analysisProvincial and Territorial Energy Profiles – Newfoundland and ...

   www.cer-rec.gc.ca › en › data-analysis

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   Crude Oil. In 2020, Newfoundland and Labrador’s oil production was 282.7 thousand barrels per day (Mb/d), or 5% of Canada’s overall production and 24% of Canada’s light oil production. (Figure 1).

7. People also ask

   What happened to oil prices in Newfoundland & Labrador?

   • 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. The floating production, storage and offloading vessel Terra Nova has been at anchor at Bull Arm since last summer.

   Will Newfoundland offshore oil industry reboot with rising ... - Energy NL

   energynl.ca/2021/07/will-newfoundland-offshore-oil-industry-reboot-with-rising-oil-prices/

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   Does Newfoundland and Labrador's offshore oil and gas industry have economic impact?

   • This report evaluates the economic impact of Newfoundland and Labrador’s offshore oil and gas industry now and projects the potential increase in economic impact in the province and across the country if the Advance 2030 production targets are achieved.

   Newfoundland and Labrador Offshore Oil & Gas Industry: Economic Im…

   energynl.ca/wp-content/uploads/2020/07/ITP_EconomistReport_FINALweb.pdf

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   How much oil did Newfoundland & Labrador produce in March 2024?

   • Approximately 5.9 million barrels of oil were extracted from offshore Newfoundland and Labrador in March 2024, nearly on par (-0.3%) with the production level of March 2023. The corresponding value of production increased by 7.6%.

   Oil Production Down 0.3% in March 2024 - Finance

   www.gov.nl.ca/fin/economics/eb-oil/

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   Where does crude oil come from in Newfoundland & Labrador?

   • Crude oil production trend for offshore Newfoundland and Several project expansions, and large discoveries of crude oil have been recently announced in various areas offshore on Newfoundland and Labrador. Saskatchewan production of heavy oil occurs through conventional or tight wells and steam-assisted gravity drainage (SAGD).

   Figure 1. Crude oil production trend for offshore Newfoundland and

   www.cer-rec.gc.ca/en/data-analysis/energy-markets/market-snapshots/2020/market-snapshot-offshore-newfoundland-labrador-heavy-oil-production-helps-increase-total-crude-production-levels-last-seen-in-2009.html

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8. energynl.ca › 2021 › 07Will Newfoundland offshore oil industry reboot with rising ...

   energynl.ca › 2021 › 07

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   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.