• 2 days The Federal Reserve and Money...Aspects which are not widely known
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 10 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days Coincidence of EIA Report Delay? - "I had seen it delayed minutes, and a couple of times a few hours, but don’t recall something like this — do others?" asks Javier Blas
  • 13 hours European Parliament Members, Cristian Terhes et al, push back against Totalitarian Digital ID and Carbon Tyranny in Europe.
  • 3 days Demonising fossil fuels has caused major grid problem in Australia
  • 8 days "And this is perhaps the most dangerous kind of government there can be."
  • 2 days "...too many politicians believe things that aren’t true." says Robert Rapier
  • 4 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 3 days Welcome to Technocracy - The New World Energy Order... "1000s Of Sydney Homes Plunged Into Darkness As Aussie 'Price Cap' Policy Sparks Energy Shortage"
  • 5 days "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 329 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
  • 7 days ESG Topic - "German Police Raid Deutsche Bank, DWS Over Allegations Of Greenwashing" - ZeroHedge Bloomberg and others
Editorial Dept

Editorial Dept

More Info

Canada’s Oil Future Could Be Offshore

Introduction

The election of a new, more leftist politician in the province of Alberta has some Canadian oil companies starting to look to investments outside of the oil sands province. Canadian Natural Resources (NYSE: CNQ), Canada’s largest heavy oil producer, has three quarters of its assets inside Alberta, but with the prospect of heavier taxation coming down the pike, Canadian Natural is considering a shift of resources, diverting more of its investment to non-Alberta projects. That could see more of a focus not just abroad, but also in the provinces of Saskatchewan and British Columbia.

But the future could also be bright for some of Canada’s eastern provinces.

Newfoundland and Labrador

The province of Newfoundland and Labrador on the Atlantic Coast is not normally thought of as a huge growth area for oil production. But the provincial government is looking to overhaul its tax regime in order to attract new investment. The exact terms, expected to be more enticing for the industry, should be revealed in a few weeks. Newfoundland Premier Paul Davis recently spoke at a conference and said that the terms his province will offer will be modeled after successful structures seen in Norway and other high production areas. Newfoundland has a lot riding on the prosperity of the industry, which could help plug a $1.1 billion deficit.

The signature project on offer is the Bay du Nord, a field discovered by Statoil (NYSE: STO) that could…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News