No bidders for latest four parcels of Nova Scotian offshore oil and gas lands

HALIFAX – There are no bidders for the latest four deepwater parcels put on the auction block by the Canada-Nova Scotia Offshore Petroleum Board.

The sites on the eastern Scotian Slope of the province’s offshore were put up for auction by the regulator on May 5.

Bidding closed at the end of last month.

BP and Shell (TSX:SHC) are continuing to work on their offshore exploration of deepwater properties.

In May, the province announced it would spend $12 million over four years to fund research to assist oil and gas exploration.