Buoyed by five reliable producing fields, another under development and one close to FID, along with seismic data indicating potential for additional significant finds, the Newfoundland and Labrador offshore sector is poised for noticeable growth over the next few years.
Skyrocketing oil prices caused by Russia’s war on Ukraine and Biden’s war on hydrocarbons present the Gulf of Mexico E&P industry with a conflicting brew of circumstances.