Newfoundland and Labrador Offering Millions for Exploration to Open New Oil Frontiers

Newfoundland and Labrador Offering Millions for Exploration to Open New Oil Frontiers
Newfoundland and Labrador Premier Tony Wakeham speaks to reporters at an energy conference in St. John's, N.L., on June 2, 2026. The Canadian Press/Sarah Smellie
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Oil production is ramping up off Newfoundland and Labrador and the government is offering money to companies interested in looking for more.

Premier Tony Wakeham opened an annual energy conference in St. John’s, N.L., by announcing a call for exploration bids on 16 areas off the province’s east coast.