Nova Scotia makes low-key changes

Revises license regulations to stop companies from sitting ‘indefinitely’ on exploration and development rights; lowers front-end deposits to attract ‘adventurers’

Gary Park

For Petroleum News

They have a lot in common — a struggle to attract new investment at a time when drilling success has been sparse and exploration licenses are being abandoned. But that’s about where they part company. In their efforts to revive offshore activity they are taking different routes. Newfoundland is cha....

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Basin’s complex geology biggest hurdle

Agency will take more pro-active role