Newfoundland and Labrador and Equinor Canada have announced an agreement to develop the Bay du Nord oil project —…

Newfoundland and Labrador and Equinor Canada have announced an agreement to develop the Bay du Nord oil project — the first remote, deepwater project in the province’s offshore.

The province is buying 10 per cent of the total $6.8-billion project. Overall, the project is expected to bring in $3.5 billion in total provincial government revenues over its lifetime. #nlpoli

https://www.cbc.ca/news/canada/newfoundland-labrador/oil-gas-announcement-premier-dwight-ball-1.4762299