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Independent Resource Assessments reveal oil and gas potential offshore Newfoundland and Labrador continues to grow   September 27, 2022: Newfoundland and Labrador’s 2022 Independent Oil and Gas Resource Assessments released today…

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…

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…

Results show potential of 11.1 Billion Barrels of Oil and 24.5 Trillion Cubic feet of Natural Gas September 29, 2020, St. John’s, NL – Newfoundland and Labrador’s 2020 Independent Oil…

The Government of Newfoundland and Labrador, Nalcor Energy-Oil and Gas and Beicip-Franlab today released the 2018 Oil and Gas Resource Assessment that identifies an additional 11.7 billion barrels of oil…