“There’s an unprecedented level of interest for offshore East Coast Canada,” said Jim Keating, executive vice president of offshore development at Nalcor Energy, a provincial Crown corporation that is a minority owner of three of the projects.
“I think it’s incumbent on us, as long as there’s a hydrocarbon window open, that we drive this, drive this economy,” Keating added. “As long as the world needs hydrocarbons, Newfoundland and Labrador should continue to be a place where we look for those barrels.”