Offshore Oil and Gas Auction Brings in $758M for Newfoundland and Labrador
From The Canadian Press JOHN’S, N.L. – Newfoundland and Labrador has pulled in $758 million in work commitments for offshore oil and gas development in a licence auction that ended Wednesday. The figure is down from the $1.2 billion in commitments the province received in last year’s auction in the same region a few hundred kilometres off the east coast of