The Canadian Press

2016-11-03 | NS Offshore Bids

Preview Clip

Nova Scotia's offshore regulator says there were no successful exploration bids received for six offshore parcels in 2016 the third time in four years there were no bids. The Canada Nova Scotia Offshore Petroleum Board says the parcels are located in shallow water on the Scotian Shelf adjacent to the Sable offshore natural gas project. Energy Minister Michel Samson says he's not overly concerned by the current lack of interest. (There were also no bids in 2013 and in 2014.)

Date: 2016-11-03
Placeline: HALIFAX.
Source: The Canadian Press
Length: 18 seconds

Transcript Prediction: << it's disappointing but not overly surprising considering the status of the industry in the fact that many of the projects with oil prices so we're not the overly surprised to see that there wasn't any interest Express this year for the confirmation >>