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.
Corner Brook getting ready to roll out garbage trucks with collection arms in the new year
Government gives green light to Indian Head Hatchery expansion in Stephenville
$10,000 grants available for projects on addiction prevention and positive mental health
RNC looking for information after a woman was choked by a man in Lark Harbour
A motorcycle crash in Stephenville on Sunday leads to an impaired charge for a 46-year-old man
