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Vol. 7, No. 1 Week of January 06, 2002
Providing coverage of Alaska and northern Canada's oil and gas industry


Newfoundland's offshore lays claims to major supply status

Terra Nova field on verge of start-up, White Rose gets government approval, but no move yet to tap Grand Banks natural gas, despite political pressure

Gary Park

Canadian Correspondent

Offshore Newfoundland is about to take its next step towards becoming the major oil supply basin in Canada after the Western Canada Sedimentary Basin. Petro-Canada and its partners are in the final stages of commissioning the Terra Nova field, a C$2.9 billion project that is 35 percent over budget....

    [additional news subjects in this story]

White Rose development approved

Smaller fields economic

Offshore gas deemed uneconomic

Volumes of gas insufficient


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