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Tuesday, Oct 26th, 2021

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Citi Says Oil May Climb to $90

Citigroup Inc. said oil prices may hit $90 a barrel at times this winter as gas-to-oil switching drives stockpiles lower. The bank, which raised its Brent oil forecast for the fourth quarter to $85, said inventories may dwindle to their lowest level on record in terms of days-of-cover by year-end. That comes as consumption gets […]

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ExxonMobil’s resource estimate for Guyana block rises to 10 billion barrels

Oil major ExxonMobil has increased its estimate of the discovered recoverable resource for the Stabroek Block offshore Guyana to approximately 10 billion oil-equivalent barrels following its latest discovery. The updated resource estimate includes a new discovery at the Cataback-1 well, which brings the total significant discoveries to more than 20 within the Stabroek Block, ExxonMobil […]

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C-NLOPB Launches New Data and Information Hub and Announces Updated Policy on Disclosure of Digital Data and Information

The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) is excited to launch a new, map-based Data and Information Hub (Information Hub), created and developed by Board staff to modernize access to technical information housed by the C-NLOPB. Over the past 18 months, staff have uploaded over 40,000 individual files to the Information Hub. Stakeholders will […]

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C-NLOPB Announces 2021 Call for Nominations (Parcels) in Three Land Tenure Regions

The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has issued a Call for Nominations (Parcels) NL21-CFN01 in the Eastern Newfoundland Region (Sector NL05-EN), Call for Nominations (Parcels) NL21-CFN02 in the South Eastern Newfoundland Region (Sector NL02-SEN) and a Call for Nominations (Parcels) NL21-CFN03 in the Jeanne d’Arc Region. These Calls for Nominations will assi

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Navigating COVID travel logistics proved tricky and time consuming for Newfoundland oil and gas industry

Vacationers may have stopped flying during the pandemic, but international travel is still a necessity for business. And for people like Gerry Mayo, it means extra layers of complications moving foreign workers to job sites in the Newfoundland offshore. Mayo is vice president of operations and an immigration consultant with the firm P.F. Collins in […]

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