Newfoundland’s Atlantic charge

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Upstream the International Oil & Gas Newspaper, May 1, 2015, http://www.upstreamonline.com. All articles provided by Upstream are protected by copyright. Any unauthorized reproduction is strictly prohibited.

Canada’s east coast sector remains resilient despite global downturn in crude prices

At a time when western Canadian production is being shut-in or projects are being deferred indefinitely, it is “business as usual” on the country’s east coast with Newfoundland & Labrador’s offshore sector leading the charge.

Despite low commodity pricing, the country’s offshore industry is staying active with a series of exploration programmes scheduled this year across the North Atlantic.

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