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What is Newfoundland known for?

Newfoundland used to be known for its large fish population, however that has changed do to stock depletion in the mid 90's. Now Newfoundland is into the oil boom off the Grand Banks.


What is the name of the oil rig?

Hibernia. It is located off Newfoundland, Canada.


What is the name of the largest oil rig?

Hibernia. It is located off Newfoundland, Canada.


Why was the hibernia oil field made?

The Hibernia oil field was developed to extract oil reserves located beneath the seabed of the North Atlantic Ocean off the coast of Newfoundland, Canada. The discovery of significant oil reserves in the area made it economically viable to establish the oil field for extraction.


Where does INDIA stand in oil production?

INDIA ranks 23rd in the production of oil!it imports most of its oil!


When the price of oil drops this usually means that OPEC has done what?

Increased Oil Production.


What state in the US has the greatest oil production?

Alaska state in the USA has the greatest oil production. source http://www.statemaster.com/graph/ene_pet_pro-energy-oil-production


When did oil production began in Saudi Arabia?

Oil production began in saudi arabia in 1938.


How much of the worlds oil production currently come from offshore region?

Offshore oil accounts for approximately 23% of the total oil production.


Bombay high is famous for the production of?

offshore oil production


Why is Oil useful?

Lubrication & production of fuel. Oil is also used in the production of tires, and thousands of other products.


What economic activitie is very dependent upon Canada's abundant natural resources?

Oil Production