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 ...

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 ...

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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 ...

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 ...

According to a report in the Chronicle Herald, the Newfoundland government is not bowing to pressures from big oil to reduce its royalty rates from the proposed $5-billion Hebron heavy oil project in ...

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 ...

CALGARY, Alberta, Aug 22 (Reuters) - Newfoundland is paying C$110 million ($104 million) for a 4.9 percent stake in the Chevron Corp.-led Hebron oil project off the Canadian province's Atlantic Coast, ...

Exxon Mobil Corp. says it plans to spend $14 billion to develop the Hebron offshore oil field off Canada's east coast over the next few years. A sign marks the entrance of the secluded Exxon Mobil ...

Incredible feats of engineering and construction have been accomplished by Canadians throughout our history — the Confederation Bridge, the CN Tower, the transcontinental railway, Rideau Canal, the ...