Tags

OilCo secures two offshore exploration licences in Newfoundland’s Orphan Basin

The Oil and Gas Corporation of Newfoundland and Labrador (OilCo) has won two parcels in the Orphan basin in the Canada-Newfoundland and Labrador Offshore Energy Regulator (C-NLOER) 2026 Calls for Bids, which closed Nov. 4. The province’s energy corporation plans to bring in industry partners through negotiated farm-downs. The two parcels cover about 545,021 ha […]