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.
Coast Guard "pleased" with grounded cargo vessel removal process to date happening in Lark Harbour
RNC on the East Coast conducts bike safety session for cyclists
Comedian Trent McLellan is home in Corner Brook to emcee the NL Summer Games opening ceremonies
Resolve Marine gives an update on the removal of a stranded cargo ship near Lark Harbour
North Harbour Resource Road in the Pasadena area is closed this week
