Newfoundland ready for test of wills
Williams: Hebron partners won’t get better offer; set to demand equity stake of at least 5 percent in all new offshore projects
For Petroleum News
Premier Danny Williams is immensely popular in his home province of Newfoundland, where the polls indicate he is a prohibitive favorite for re-election in October. But he’s immensely unpopular with oil producers who are the leading contributors to his government’s treasury.
Having taken the industry....
[additional news subjects in this story]
Wants to join ranks of state-run oil companies
Government will demand more in fall
Province got C$1B of $17B in profits
Must share in risk, says CAPP
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