Government of Newfoundland and Labrador
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Newfoundland and Labrador Premier Tony Wakeham said ongoing energy negotiations with Quebec over expanding Churchill Falls are progressing but remain “to be determined” for a final deal. He indicated there is still work to be done, while Quebec Premier Christine Fréchette expressed confidence a final agreement would be reached in the coming weeks.
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BP sells its interests in the Bay du Nord offshore project to Equinor, with Equinor now aiming to proceed toward a final investment decision early next year, subject to conditions. The Newfoundland and Labrador government has high hopes the project will proceed, considering a possible stake purchase and noting projected royalties, taxes, and a 10% equity…
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