The Offshore Accords and Hibernia's Impact on the Newfoundland Treasury
The provincial governments of Newfoundland and Nova Scotia have each signed an accord with the Government of Canada to manage and share revenues from the development of their respective offhsore oil and gas fields. Negotiated provisions for offsetting equalization payments were an important componen...
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ftmcmasterojs:oai:ojs.pkp.sfu.ca:article/269 2023-05-15T17:17:08+02:00 The Offshore Accords and Hibernia's Impact on the Newfoundland Treasury Locke, Wade 1992-09-08 application/pdf https://energystudiesreview.ca/esr/article/view/269 https://doi.org/10.15173/esr.v4i2.269 eng eng ESR https://energystudiesreview.ca/esr/article/view/269/584 https://energystudiesreview.ca/esr/article/view/269 doi:10.15173/esr.v4i2.269 Copyright (c) 2015 Energy Studies Review Energy Studies Review; Vol. 4 No. 2 (1992) 0843-4379 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article article 1992 ftmcmasterojs https://doi.org/10.15173/esr.v4i2.269 2022-11-27T13:05:42Z The provincial governments of Newfoundland and Nova Scotia have each signed an accord with the Government of Canada to manage and share revenues from the development of their respective offhsore oil and gas fields. Negotiated provisions for offsetting equalization payments were an important component of each of these accords. This paper analyzes how effective these offset provisions might be in sheltering offshore oil revenue derived from the Hibernia project under various oil price scenarios. Both mathematical and simulation analyses demonstrate that the provisions negotiated by Nova Scotia shelter significantly more revenue than those of Newfoundland. Article in Journal/Newspaper Newfoundland McMaster University Library Press Open Journal Systems Canada Energy Studies Review 4 2 |
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McMaster University Library Press Open Journal Systems |
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ftmcmasterojs |
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English |
description |
The provincial governments of Newfoundland and Nova Scotia have each signed an accord with the Government of Canada to manage and share revenues from the development of their respective offhsore oil and gas fields. Negotiated provisions for offsetting equalization payments were an important component of each of these accords. This paper analyzes how effective these offset provisions might be in sheltering offshore oil revenue derived from the Hibernia project under various oil price scenarios. Both mathematical and simulation analyses demonstrate that the provisions negotiated by Nova Scotia shelter significantly more revenue than those of Newfoundland. |
format |
Article in Journal/Newspaper |
author |
Locke, Wade |
spellingShingle |
Locke, Wade The Offshore Accords and Hibernia's Impact on the Newfoundland Treasury |
author_facet |
Locke, Wade |
author_sort |
Locke, Wade |
title |
The Offshore Accords and Hibernia's Impact on the Newfoundland Treasury |
title_short |
The Offshore Accords and Hibernia's Impact on the Newfoundland Treasury |
title_full |
The Offshore Accords and Hibernia's Impact on the Newfoundland Treasury |
title_fullStr |
The Offshore Accords and Hibernia's Impact on the Newfoundland Treasury |
title_full_unstemmed |
The Offshore Accords and Hibernia's Impact on the Newfoundland Treasury |
title_sort |
offshore accords and hibernia's impact on the newfoundland treasury |
publisher |
ESR |
publishDate |
1992 |
url |
https://energystudiesreview.ca/esr/article/view/269 https://doi.org/10.15173/esr.v4i2.269 |
geographic |
Canada |
geographic_facet |
Canada |
genre |
Newfoundland |
genre_facet |
Newfoundland |
op_source |
Energy Studies Review; Vol. 4 No. 2 (1992) 0843-4379 |
op_relation |
https://energystudiesreview.ca/esr/article/view/269/584 https://energystudiesreview.ca/esr/article/view/269 doi:10.15173/esr.v4i2.269 |
op_rights |
Copyright (c) 2015 Energy Studies Review |
op_doi |
https://doi.org/10.15173/esr.v4i2.269 |
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Energy Studies Review |
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4 |
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2 |
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1766082985011970048 |