The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has announced the results for its call for bids in eastern Newfoundland and the Jeanne d’Arc region, which drew a combined $758 million in work commitments for offshore oil and gas developments. C-NLOPB offered 16 parcels totaling 3.3 million hectares in its latest round, which was announced in April. Successful bids were submitted on eight parcels.

Source: News