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An emergency debate about the future of the Terra Nova oilfield is scheduled for Monday morning, with a public rally also planned for the steps of Confederation Building.
Talks aimed at saving the Terra Nova oilfield in Newfoundland and Labrador's offshore have faltered, according to Energy Minister Andrew Parsons, with the provincial government backing away from plans to purchase an equity stake in the project.
Andrew Parsons isn't ruling out the purchase of an ownership stake in the Terra Nova oilfield but says it would happen only if the reward outweighs the risk.
The Halfway Hill House, a new Newfoundland cabin, modest in scale but packs a punch in sustainability, views and style
Suncor CEO offers little hope for Terra Nova as 'brick wall' date approaches Hope for a renewed life for the Terra Nova oilfield in Newfoundland and Labrador's offshore is fading, as Suncor has set a June 15 deadline to reach an agreement. Social Sharing CBC News · Posted: May 27, 2021 11:18 AM NT | Last Updated: May 27 The Terra Nova FPSO is pictured here dockside at the Bull Arm fabrication facility in Trinity Bay. The vessel has not produced oil in Newfoundland and Labrador's offshore since late 2019.(Newfoundland Offshore/Facebook)