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Vol. 9, No. 24 Week of June 13, 2004
Providing coverage of Alaska and northern Canada's oil and gas industry


Costs, dry holes push Nova Scotia basin to brink

Three exploration failures since last summer spread disappointment through industry, government circles; but offshore still in infancy, with only 200 wells drilled

Gary Park

Petroleum News Calgary Correspondent

It’s a numbers game that keeps pushing Nova Scotia’s hopes of turning its offshore into a significant natural gas-producing basin closer to the brink of a shutdown, despite the beckoning riches of the U.S. Northeast market. Both the shallow and deepwater prospects are compiling a discouraging record....

    [additional news subjects in this story]

Fewer than 200 wells drilled

Study thinks resources are there

EnCana, Shell say they’re not quitting

Deep Panuke development uncertain


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