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1. www.gov.nl.ca › fin › filesBuilding for Our Future - Government of Newfoundland and Labrador

   www.gov.nl.ca › fin › files

   Consumer prices rose by 2.4% as gasoline and fuel oil prices put upward pressure on the overall price level. Employment fell by 3.7% to average 224,100, reflecting lower construction activity on several major projects. The unemployment rate averaged 14.8%, an increase of 1.4 percentage points compared to the previous year. The Hebron project ...

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

   www.gov.nl.ca › fin › brent-crude-tracking

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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

3. www.cbc.ca › news › canadaThis decade's oil boom is moving to offshore N.L. | CBC News

   www.cbc.ca › news › canada

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   Sep 1, 2022 · Producing offshore projects average a break-even price of $18.10 per barrel of oil equivalent, compared with $28.20 per barrel for onshore, according to Rystad. Other companies bought into...

4. 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

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

   oilprice.com › Energy › Oil-Prices

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   Dec 30, 2018 · Crude oil prices rose significantly in 2018, and then fell right back down at the end of the year, but what was driving this spectacular volatility?

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

   energynl.ca › wp-content › uploads

   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:

7. People also ask

   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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   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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   Why did oil prices fall in 2018?

   • Why Oil Prices Fell in 2018 This past summer, China had become a major importer of U.S. oil to the tune of 500,000 BPD. But the trade war with China resulted in China halting imports of U.S. oil. This loss of market hurt U.S. oil producers, and helped push inventories higher in the U.S. This further hurt U.S. oil producers by pushing prices down.

   Why Oil Prices Rose And Crashed In 2018 | OilPrice.com

   oilprice.com/Energy/Oil-Prices/Why-Oil-Prices-Rose-And-Crashed-In-2018.html

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   How much money does Newfoundland & Labrador make from offshore oil & gas?

   • In total, the Newfoundland and Labrador offshore oil and gas sector supported an estimated 34,206 jobs across the country, $2.75 billion in labour income, $2.05 billion in consumer spending and $2.1 billion worth of tax and royalty revenue for all levels of government.

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

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

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8. www.cbc.ca › news › canadaHeavy crude now makes up about half of N.L.'s production - CBC.ca

   www.cbc.ca › news › canada

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   Dec 9, 2021 · Heavy oil makes up an increasingly large proportion of the crude produced off Newfoundland, according to the latest annual report of the province's oil regulator.