Costs for the Hebron platform have almost tripled and oil prices have dropped since the the former Tory government announced the plan 10 years ago. Subscribe. Subscribe. Generic selectors.

Exxon is spending $14 billion to develop a huge new oil field in the Canadian North Atlantic. Some want Atlantic offshore drilling in the United States too.

KCA nets Hebron contract KCA Deutag has been awarded the platform drilling operations and maintenance services contract for ExxonMobil’s proposed Hebron oil project off Newfoundland & Labrador ...

The most prolific drill rig in the history of oil exploration off Newfoundland's east coast, the GSF Grand Banks, is demobilizing and will soon be towed to Scotland, displacing some 200 workers ...

The initial best estimate for Hebron is 2,620 million barrels of oil with an estimated recoverable volume of 789 million barrels, according to the Public Review Commission’s report for the ...

CALGARY, Alberta, Nov 28 (Reuters) - The Hebron oil project off the coast of eastern Canada has produced its first oil, operator Exxon Mobil said on Tuesday, in a boost to Atlantic Canada's output ...

ExxonMobil Corp. let a $1.5 billion engineering, procurement, and construction contract to Kvaerner ASA for the Hebron heavy-oil project off Canada’s eastern coast, Kvaerner said ...

ExxonMobil Canada Properties let a contract to Kiewit-Aker Contractors, a 50-50 joint venture between Peter Kiewit Infrastructure and Aker Solutions, for doing front-end engineering ...