NorthAmOil - North America Oil & Gas
The number of oil and gas company bankruptcies in the US and Canada rose 50% y/y in 2019 owing to the lower oil price, with the trend expected to continue this year.
US independent Hess has announced a larger-than-expected loss for the fourth quarter of 2019 on lower prices for natural gas and natural gas liquids.
The State of New Jersey has unveiled a 30-year plan to eliminate man-made greenhouse gas emissions, which centres on major reductions in natural gas use by homes and businesses.
Plans to develop a new LNG facility in south-east Alaska, close to the border with Canada, have emerged over the past two weeks.
A pending decision on whether to approve Teck Resources’ Frontier oil sands project illustrates Ottawa’s challenge in balancing environmental targets with its commitment to Alberta’s energy industry.