Offshore Newfoundland and Labrador (NL) is known as one of the top frontier regions in the world. With proven lower emission oil, competitive economics, and recent discoveries, offshore NL is…
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June 17, 2022 – Members of OilCo’s Exploration team provide insight into Newfoundland and Labrador’s offshore in their latest co-authored paper. The 2022 paper covering the southern Grand Banks provides…
The Bull Arm Fabrication Site welcomes our newest tenant – Kelson & Kelson Ltd. The ink is dry on our lease with Kelson & Kelson and we’re excited as they…
OilCo was established by the Government of Newfoundland and Labrador from our legacy company Nalcor Energy-Oil and Gas. Financial statements for fiscal years to the end of 2019 were prepared…
The Extractive Sector Transparency Measures Act (the Act) was enacted on December 16, 2014, and brought into force on June 1, 2015. The Act delivers on Canada’s international commitments to…
Results of the 2021 Independent Resource Assessment show a potential of 21.9 billion barrels of oil equivalent (P50 unrisked volumes) in the Labrador South Region. October 20, 2021: This is…
OilCo’s exploration group has been working collaboratively with Southwest Research Institute (SwRI) to better understand the basin architecture in the Orphan and Flemish Pass region of our offshore, and how…