NorthAmOil - North America Oil & Gas
Sempra LNG, a subsidiary of US-based Sempra Energy, has started introducing pipeline feed gas to the third liquefaction train at its Cameron LNG project on the Louisiana Gulf Coast.
Buyers in Asia and Europe are reported to have cancelled around 20 cargoes of LNG that were due to be loaded in the US.
The three leading oilfield service providers – Schlumberger, Halliburton and Baker Hughes – all reported quarterly losses in the past week.
The Canadian government has said that it will provide CAD1.7bn ($1.2bn) to help clean up abandoned oil wells, as well as creating a CAD750mn ($529mn) fund to help energy companies reduce methane emissions.
Royal Dutch Shell has reportedly postponed a final investment decision on its Whale project in the US Gulf of Mexico.
A growing number of oil sands producers using the SAGD method are curtailing output, amid growing fears over the impact of oil price declines.
The unprecedented crash in WTI prices into negative territory has been attributed primarily to the mechanics of futures contracts, but nonetheless illustrates an oversupply crisis as storage fills up.
The long-delayed Keystone XL pipeline has suffered another setback with the cancellation of a permit less than three weeks after operator TC Energy announced that it would proceed with the project’s construction.
Canada’s Pieridae Energy said last week that it had decided to delay a final investment decision on its proposed Goldboro LNG terminal in Nova Scotia until after September 30.
The Railroad Commission of Texas, which regulates oil and gas activity, has postponed a vote on a proposal to impose mandated production limits in the state.