The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

New North Sea beckons oil producers off Canada's east coast

Change in old law offers chance to double exploration; second auction upcoming after first drew oil majors

Published Sun, May 15, 2016 · 09:50 PM
Share this article.

London

A CHANGE to an obscure shipping law is helping draw major oil companies to an area off Canada's east coast that may rival the North Sea for its production potential.

Exxon Mobil Corp, Chevron Corp, Statoil ASA, BG Group plc and BP plc are among the companies that committed to spend…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Energy & Commodities

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here