6 months ago
Premier announces benefits agreement for Bay du Nord
Premier Tony Wakeham announced a benefits agreement with Equinor Tuesday for the proposed Bay du Nord oil project. The says it reached a major milestone for Newfoundland and Labrador’s offshore industry to advance the Bay du Nord project. Agreements on life-of-field benefits, royalties, and an equity option have been reached with partners Equinor and BP. […]
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6 months ago
Bay du Nord deal rumoured to be imminent, as premier prepares ‘significant announcement’ at Delta Hotel this evening
Premier Tony Wakeham will make a significant announcement this evening. The news comes as rumours swirl that government has reached a potential deal on the Bay du Nord offshore oil project. In a press release issued yesterday, the provincial Liberals said a deal with Equinor is rumoured to be imminent. They added their party “stands […]
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6 months ago
Beverage sales down, increase in cannabis sales as NLC released third quarter update
Newfoundland and Labrador Liquor Corporation saw a decrease in beverage sales and increase in cannabis sales in this fiscal year’s third quarter. Beverage alcohol sales reached $90.3 million in the third quarter, which ended on Jan. 3, a decrease of 0.4 percent over last year. NLC says the decrease was in part due to the […]
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6 months ago
Military conflict leads to major swing in oil prices
Oil markets are set to see price swings this week as the impact from the United States and Israeli strikes on oil supplies from the Middle East remains unclear. Oil prices have already risen following the military operation in Iran. International benchmark Brent Crude closed at a seven-month high of $72.87 US heading into the […]
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