Industry Minister Andrew Parsons says they’ve been looking at the sale of various assets for the past few years and now, they want to see what type of interest is out there.
Government is moving ahead with Phase III of the review of the province’s current offshore oil and gas interests. Specific focus will be on the province’s 4.9 per cent equity position in Hebron, 8.7 per cent equity position in the Hibernia Southern Extension, five per cent equity position in the White Rose Extension project, and the asset within Oil and Gas Corporation of Newfoundland and Labrador. Industry Minister Andrew Parsons says they’ve been looking at the sale of various assets for the past few years and now, they want to see what type of interest is out there. Parsons says while government is aware of the value of oil and gas, it depends on what someone is willing to pay. He says government will always be guided by the goal of ensuring the greatest long-term benefits for residents.
Two people charged after breaking into a Corner Brook home and using a weapon to assault the resident
St. John's man charged with murder after suspicious death in the capital city
Corner Brook RNC launch new dedicated traffic unit at a checkpoint in Meadows this morning
Western Regional Waste Management gets big uptake in people using new app for sorting trash
Integrated Youth Services Hub opening next year in Corner Brook, will be operated out of Vine Place Community centre
