Reuters: Regulatory News: Exxon's Hebron project approved by regulators

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Exxon's Hebron project approved by regulators May 31st 2012, 17:12 CALGARY, Alberta | Thu May 31, 2012 1:12pm EDT CALGARY, Alberta May 31 (Reuters) - The Canada-Newfoundland and Labrador Offshore Petroleum Board said on Thursday it approved plans by an Exxon Mobil Corp-led group to develop the Hebron oil field offshore Newfoundland. The decision means Exxon and its partners can proceed with development of the 707-million barrel field, which will be the province's fourth offshore oil project. The field is operated by ExxonMobil, which has a 36 percent interest in the project. ExxonMobil took control of the project from Chevron in October 2008. The other joint venture partners are Chevron Corp, with a 26.7 percent interest; Suncor Energy Inc, with 22.7 percent; Statoil ASA, with 9.7 percent; and the provincially owned Energy Corporation of Newfoundland and Labrador, which has a 4.9 percent stake.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions