Tag: Nalcor

25.5 billion barrel West Orphan Basin development may be hobbled by low prices

West Orphan Basin located northeast of Newfoundland By Nia Williams CALGARY, Alberta, Aug 25 (Reuters) – A deepwater oilfield off the coast of eastern Canada could hold 25.5 billion barrels of crude, according to a new seismic report by the Newfoundland and Labrador government, potentially making it the country’s largest offshore resource. But the West […]