The Husky Boys’ Challenge #nlpoli
The Husky gambit last week presents the province’s leaders with a fundamental challenge. Do we continue on the current path or do we change? This is not just a question…
Hebron
Bay du Nord and Equity #nlpoli
In a staged political event Thursday that was woefully short of basic details, the provincial government and Equinor announced they will proceed with development of the Bay du Nord field…
Williams concedes on royalties (2007) #nlpoli
As Bond Papers noted on Thursday, part of the Hebron deal will involve a change to the provincial royalty regime local media are characterising as a concession.The Telegram reported on…
Thank you, Danny Williams #nlpoli
Rob Strong has been a key player in the local oil and gas industry pretty much since the earliest days. He knows what he is talking about.Strong pointed out to…
More ways to lose than win #nlpoli
“What this province needs is not just someone with the brains to figure out what’s wrong with our economy,” future Premier Kathy Dunderdale wrote in 2002. “What this province needs…
No equity? No surprise. #nlpoli
It didn’t take long for Paul Davis to get the comparison he was looking for last week. The Telegram – not surprisingly – offered it up in the editorial on…
A troublesome and costly pattern #nlpoli
There are so many problems raised by Premier Paul Davis’ zeal to sign an agreement with Statoil for the Bay du Nord that it is difficult to know where to…
A legacy of secrecy and bad deals #nlpoli
In response to questioning in the House of Assembly last Tuesday and Wednesday, natural resources Minister Derrick Dalley confirmed that the provincial government is in secret talks with Norwegian oil…
The Legacy of Faulty Assumptions: Hebron Revisited #nlpoli
Hebron is the last of the four, big, offshore discoveries from the 1980s. It’s due to come into production in 2017 based on a development agreement reached initially in 2007…
Hebron delayed at least 12 months #nlpoli
CBC news reported on Thursday that the topsides module for the Hebron project won’t be delivered on time. Rather than arriving in 2015 for mating with the concrete base, the…
The cost of not doing the math #nlpoli
Natural resources minister Jerome Kennedy admitted over the weekend that he had not done the calculation to figure out if the equity stake in Hebron was worth the cost compared…
The Hebron Complications #nlpoli
The partners in the Hebron project sanctioned the development on New Year’s Eve and announced the decision on Friday. The new cost estimate to build the gravity base and bring…
How much was that principle in the window? #nlpoli
Sending the third topsides module from Hebron outside the province was “absolutely unacceptable” to Premier Kathy Dunderdale back in June. She was “extremely unhappy” and vowed to “pursue all avenues…
No deal likely on Hebron 3rd module #nlpoli
CBC’s got the story: ExxonMobil will be able to move work related to the Hebron oil project out of Newfoundland within days, as the possibility fades for an agreement to…
Provincial government working Hebron dispute outside terms of benefits agreement #nlpoli
Lots of words came from Premier Kathy Dunderdale and natural resources minister Jerome Kennedy in their dispute over construction of a major module for the Hebron project. What became pretty…
$#*! Jerome said: Hebron Benefits #nlpoli
Hear what comfortable words Jerome! sayeth, back when he was finance minister (December 9, 2008): The $4 billion six-year plan is as much as we can handle right now along…
More $#*! the Premier said: copper fastened Hebron Benefits #nlpoli
December 16, 2009 Mr. Speaker, their ignorance of this project is staggering, and what is frightening about it is they put this out like they are speaking the truth. Mr.…
$#*! the Premier said: Hebron Benefits #nlpoli
November 27, 2008: One of the things that I am proudest of – I mean, the benefits that we negotiated under the Hebron agreement have never been seen in this…
Looking beyond the Hebron sandbox #nlpoli
ExxonMobil drew a line in the sand this morning, and the minister and I are here to draw another line in the sand, as far as this project is concerned.…
The Kruger Nexus #nlpoli
As an astute reader pointed out in a n e-mail Tuesday morning, the Hebron-Muskrat Falls connection is not really as important these days as the the connection between the future…