Hibernia Pumps 1 Billionth Barrel Of Oil In Newfoundland’s Offshore

Platform scheduled to continue producing until 2040, more than double initial projections. The Hibernia oil platform off Newfoundland's east coast has pumped its one billionth barrel of oil, a milestone reached on Dec. 21.

$100 Oil In The Forecast, According To Commodity Investment… H/T CBC

Tim Pickering with Auspice Capital Advisors says oil could reach those dizzy heights again within 5 years. The founder of a Calgary commodities and trading firm says 2017 should be a good year for recovering oil...

Biofuel Agreement Will Mean ‘Major Changes,’… H/T CBC

Botwood is one step closer to an economic boost that the mayor hopes could bring financial stability to the central Newfoundland town and neighbouring communities for decades to come.  The Newfoundland and Labrador government has signed...

West White Rose Extension Project To Get… H/T CBC

Sources say Husky has decided to build a concrete gravity structure at Argentia. Sources tell CBC News that Husky Energy is just weeks away from officially sanctioning the long-awaited West White Rose extension project, with...

Fredericton Looks At Renewable Energy Program: H/T CBC

The city has budgeted $100,000 for renewable energy but hasn't designated the money for a specific project. The City of Fredericton is looking to develop a renewable energy program and has hired consulting firm, MCW Custom Energy...

Solar-Powered, Bus-Stop Ads Arriving In Moncton

4 shelters with solar-powered advertizing have been in operation for a week. Solar-powered advertising on four new bus shelters is expected to save Codiac Transpo money on energy costs says Marie-Claire Pierce, the transit organization's senior transit planner.

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