Comments on: Is Equinor’s Bay du Nord ‘Delay’ a Cancellation in Slow Motion?

By: Ken Summers

Ken Summers — Fri, 02 Jun 2023 14:15:03 +0000

I would not call it a ploy to get more from the province, and for the unions to abandon content demands.

Kind of like hiding in plain sight- giving everyone a deadline. Which is consistent with that the fact that even for oil companies, time is running out for considering projects like this.

By: Mitchell Beer

Mitchell Beer — Thu, 01 Jun 2023 20:32:54 +0000

In reply to Delores Broten. Yep. It's petro-state math.

By: Delores Broten

Delores Broten — Thu, 01 Jun 2023 20:20:35 +0000

“Holding out for more generous project terms would not be inconsistent with recent activity in the Newfoundland and Labrador offshore: In June, 2021, the province handed Calgary-based Suncor Energy and other owners of the Terra Nova oilfield a $205-million subsidy, plus another $300 million in royalty relief over a decade, meant to extend the life of the field by about 10 years.

“At the time, Energy Minister Andrew Parsons called that “a really good move for this province,” even though Newfoundland and Labrador only expected to see $35 million in royalties in return.”

That’s just sad.