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A Newfoundland and Labrador mayor says his region is in a transition period after an offshore oil project hit a major milestone.
Keith Pearson, mayor of Placentia, N.L., says hundreds of local workers are looking for their next job after helping build a massive platform for Cenovus Energy.
The company says the nearly completed concrete gravity structure was towed out of the town’s commercial seaport on Friday.
Officials have said it will make a stop in nearby Arnold’s Cove before it is towed out to the company’s White Rose oilfield next month.
Pearson says the job losses in his town are all part of the boom-and-bust cycle of the oil industry.
Cenovus did not respond to questions asking if there were layoffs in the region.
This report by The Canadian Press was first published May 13, 2025.
The Canadian Press
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