US Auction News
Newfoundland, Canada’s second largest oil- producing province, plans the third-largest auction of offshore drilling rights in its history after ending a territorial dispute with neighboring Nova Scotia.
The province plans to sell rights to more than 4.23 million acres of oil and natural-gas exploration properties, including three parcels in the formerly disputed Sydney Basin, Bloomberg reports.
Bids are due in November.

Posted: 03|27|06 at 7:30 am. Filed under: Auction News.