NorthAmOil - North America Oil & Gas
Denmark’s Orsted announced last week that it had completed its Sage Draw wind project in Texas. The majority of the output from the 120-wind turbine project will be sold to super-major ExxonMobil to help power its Permian Basin operations.
A planned takeover deal for Australia-headquartered LNG Ltd (LNGL) has collapsed, after the buyer, LNG9, failed to secure financing for the transaction and withdrew its bid.
Canadian producers are expected to shut in more output, even though the country has not committed to mandatory cuts to support the OPEC+ supply agreement.