7 months ago
Ottawa to cover UN ‘Law of the Sea’ royalties for Bay du Nord, clearing path for millions in offshore payouts
There is hundreds of millions in royalties at stake, the Bay du Nord project is full of firsts, from deep water extraction to royalty agreements, one of those falls under a U.N. convention on ‘The Law of the Sea’. It’s a relatively new act that would mean significant royalty payouts, which would then be redistributed […]
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7 months ago
Trades NL pleased with benefits agreement for Bay du Nord project
Bay du Nord, the massive offshore oil project, is one step closer to reaching the finish line. That’s after last night’s announcement that a benefits agreement had been reached between the province and the oil companies responsible for the project. NTV’s Ben Cleary has the latest.
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7 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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7 months ago
Bay du Nord dominates first Question Period in House of Assembly
It was the first question period of the spring sitting and the first for the PC government. The big topic of the day was Bay du Nord. NTV’s Bailey Howard has the story.
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