Global petroleum survey released; NL ranks 5th

Saskatchewan has overtaken Manitoba as the No. 1 place in Canada for oil and gas investment, based on the opinions of petroleum executives and managers in the annual Global Petroleum Survey, released today by the Fraser Institute. Ontario maintained a third-place finish, while Nova Scotia moved up to fourth from seventh. Newfoundland and Labrador remained in fifth place. Newfoundland placed 50th again internationally. The top 10 most attractive jurisdictions in the world for investment in this year’s survey are: Mississippi, Ohio, Kansas, Oklahoma, Texas, West Virginia, Netherlands-North Sea, Alabama, Hungary, and North Dakota. The survey respondents are clear that their answers reflect their belief that petroleum-producing regions must offer investors competitive tax regimes and regulatory certainty.

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