Newfoundland’s Atlantic charge

From Upstream
Upstream the International Oil & Gas Newspaper, May 1, 2015, 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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