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Tentative Deal Reached In Canadian Oil Project
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ST. JOHN's, Newfoundland (AP) — The leader of Canada's east coast province of Newfoundland has announced a tentative agreement to develop an offshore project estimated to contain 223 million barrels of oil.
Newfoundland and Labrador Premier Danny Williams said Tuesday the provincial government will acquire a 10 percent equity stake in Hibernia South.
The development includes Exxon Mobil Corp., Chevron Corp., Petro-Canada, Norsk Hydro, Murphy Oil Corp. and Canada Hibernia Holding. ...
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