CBC.ca | Oil companies promise $758M in work for right to explore off Newfoundland CBC.ca Oil companies have promised to spend $757,989,794 for the right to explore off the east coast of Newfoundland. The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) said Wednesday that seven bids were submitted on 13 parcels ... NEW Low Oil Price Doesn't Slow Oil Exploration |