• 3 minutes Could Venezuela become a net oil importer?
  • 7 minutes Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 12 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 4 hours Could Venezuela become a net oil importer?
  • 1 hour Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 8 hours Tesla Closing a Dozen Solar Facilities in Nine States
  • 13 hours Saudi Arabia plans to physically cut off Qatar by moat, nuclear waste and military base
  • 4 hours Gazprom Exports to EU Hit Record
  • 8 hours Why is permian oil "locked in" when refineries abound?
  • 6 hours EU Leaders Set To Prolong Russia Sanctions Again
  • 4 hours Oil Buyers Club
  • 4 hours Could oil demand collapse rapidly? Yup, sure could.
  • 6 hours Oil prices going down
  • 2 hours Saudi Arabia turns to solar
  • 1 day Teapots Cut U.S. Oil Shipments
  • 21 hours Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 7 hours EVs Could Help Coal Demand
  • 14 hours China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
  • 1 day Hot line, Macron: Phone Calls With Trump Are Like Sausages Best Not To Know What Is Inside
Alt Text

OPEC Confident Global Oil Demand Will Stay Strong

The OPEC technical panel has…

Alt Text

Where Will U.S. Frackers Drill Next?

With oil prices having stayed…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

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…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News