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 issues advisory ahead of winter weather on Wednesday
Food drives during Christmas help stock the shelves for the year at the Bay of Islands Foodbank
UPDATE: 32nd annual Tree of Memories celebration will now take place December 9th
Corner Brook mourns the loss of long time and well known volunteer Gladys Batten
Driver pulled over in Corner Brook Saturday evening, no insurance or registration
