HOUSTON, Aug. 28-- Newfoundland and Labrador and the Hebron operating partners signed a memorandum of understanding last week to proceed with development of Hebron and associated oil fields on the ...

Newfoundland Natural Resources Minister Kathy Dunderdale told members of the provincial parliament that“negotiations are going very well but they are complex”and expressed hope that a deal will be ...

Williams said a memorandum of understanding (MOU) paving the way for the project to go ahead was signed today. Four partners that were set to develop the 731-million-barrel field at a cost of C$6 ...

The province of Newfoundland and Labrador has allowed ExxonMobil to exploit sands that were not part of the original plan. Image by Hello my names is james,I'm photographer. via iStock The Canadian ...

ExxonMobil Corp. reported that production through the Hebron platform came on stream safely and ahead of schedule. Peak heavy oil production is expected to reach as much as 150,000 b/d. Hebron is 19 ...

Exxon Mobil Corporation XOM has received approval from national petroleum development regulator and Canadian province of Newfoundland and Labrador for the new development plan of Hebron oil field.

According to a report in the Chronicle Herald, the Newfoundland government is not bowing to pressures from big oil to reduce its royalty rates from the proposed $5-billion Hebron heavy oil project in ...

Norwegian offshore vessel owner Siem Offshore has secured a contract extension for one of its AHTS vessels in Canada.The extension is related to the Ice Class AHTS vessel "Avalon Sea," covering a firm ...

TORONTO, Aug 22 (Reuters) - The Atlantic province of Newfoundland and a group of oil companies will on Wednesday announce details of a plan to develop the Hebron-Ben Nevis offshore oil project. A ...