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2021 Independent Resource Assessment Released

Results of the 2021 Independent Resource Assessment show a potential of 21.9 billion barrels of oil equivalent (P50 unrisked volumes) in the Labrador South Region. October 20, 2021: This is the first exploration round for the newly imaged and defined Chidley Basin off the coast of Labrador. Ten of the parcels in the Labrador South […]

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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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