HOUSTON, Aug. 28-- Newfoundland and Labrador and the Hebron operating partners signed a memorandum of understanding last week to proceed with development of Hebron and associated oil fields on the ...

Exxon Mobil Corporation XOM has received approval from national petroleum development regulator and Canadian province of Newfoundland and Labrador for the new development plan of Hebron oil field.

Newfoundland Natural Resources Minister Kathy Dunderdale told members of the provincial parliament that“negotiations are going very well but they are complex”and expressed hope that a deal will be ...

Williams said a memorandum of understanding (MOU) paving the way for the project to go ahead was signed today. Four partners that were set to develop the 731-million-barrel field at a cost of C$6 ...

ExxonMobil and its partners have announced they will go ahead with the Hebron oil project, despite sharply rising costs, creating Newfoundland’s fourth producing offshore field and giving a big boost ...

ST. JOHN’S, Newfoundland and Labrador, March 19, 2025--(BUSINESS WIRE)--A Newfoundland and Labrador-based software company - CoLab Software - has secured $5.6M CAD in funding from the Hibernia and ...

ExxonMobil Corp. reported that production through the Hebron platform came on stream safely and ahead of schedule. Peak heavy oil production is expected to reach as much as 150,000 b/d. Hebron is 19 ...

The Canada-Newfoundland and Labrador Offshore Petroleum Board has handed Exxonmobil Canada a non-compliance notice connected to an incident on the Hebron platform last month. (Paul Daly/The Canadian ...

ST. JOHN’S, N.L. – The government of Newfoundland and Labrador expects the province will gain $20 billion in royalties and up to 3,500 jobs from the Hebron offshore oil project. Report an error ...

Norwegian offshore vessel owner Siem Offshore has secured a contract extension for one of its AHTS vessels in Canada.The extension is related to the Ice Class AHTS vessel "Avalon Sea," covering a firm ...

TORONTO, Aug 22 (Reuters) - The Atlantic province of Newfoundland and a group of oil companies will on Wednesday announce details of a plan to develop the Hebron-Ben Nevis offshore oil project. A ...

CALGARY, Alberta (Reuters) - The Hebron oil field, Newfoundland's fourth offshore project, will start producing in the next eight to 10 years after Chevron Corp and its partners agreed to formal terms ...