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.
NL Health Services dealing with an outbreak of Invasive Meningococcal Disease in the Central zone
Police investigating a possible case of animal cruelty after a small dog was found dead near Port aux Basques
RNC say one person is dead after an early morning impaired single-vehicle rollover in St. John's
Corner Brook peewee baseball coach talks about the experience youth will get at the NL Summer Games
Port Saunders RCMP nab motorcyclist who was speeding, stunting, and also fled from police
