(Photo: Equinor) An oil company with a significant stake in the Newfoundland oil patch is leaving western Canada to pursue its interests on the east coast. Norway’s Equinor is moving most of its staff in its Calgary offices to St. John’s according to an article in the Financial Post. The company told the newspaper that it will no longer evaluate business opportunities in the onshore energy industry — the oilsands — in Canada. Equinor, formerly Statoil, announced last fall it had made hydrocarbon discoveries at two wells in the Flemish Pass Basin, a deepwater field off Newfoundland. Rob Strong, a veteran consultant in oil and gas, says it bodes well for this province. He notes that Equinor is about 67 per cent owned by the Country of Norway which he describes as one of the most progressive and green countries in the world.
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