Awesome news (RE: Statoil).
This is the type of economic development that takes work. A city can't just rely on government hand-out industries (like defense, ship-building, etc.) or even resources (like fishery, forestry, oil and gas, mining, etc.) and end up with these sorts of investments. Getting development like this is basically the oil and gas equivalent of processing our fish in-province.
Cities have to go out and work hard to get this type of smart economic development. Luckily, Scandinavia seems to be the only real competition. But we have the Marine Institute - which is more famous and respected in its various fields that I think most Newfoundlanders realize. So we have a leg up.
Bring it on!
