NorthAmOil - North America Oil & Gas

4 June 2020

Suncor’s CEO touts oil sands’ role in energy transition

3 June 2020

Suncor’s CEO, Mark Little, has warned that the energy transition could prove as disruptive to oil demand as COVID-19 but has suggested that Canada’s oil sands industry could play a leading role in driving low-carbon growth.

Occidental cuts dividend by 91%

3 June 2020

Occidental Petroleum has slashed its dividend by 91% to just $0.01 per share on May 29 in a bid to preserve cash as it struggles with the impact of the oil price crash.

Golden Pass LNG files for capacity expansion as cargo cancellations bite US exporters

3 June 2020

Qatar Petroleum and ExxonMobil have requested permission from US regulators to increase the capacity of their Golden Pass LNG terminal, which is currently under construction on the Texas Gulf Coast.

NRG: Some forward momentum, but overall restraint

2 June 2020

Despite the relative stability of crude prices in recent days, more news of activity cutbacks, earnings losses and demand weakness continues to come in, and all eyes are turning to the forthcoming OPEC+ meeting.

LNGL terminates Magnolia transaction, sells to different buyer

28 May 2020

A deal struck by Australia-based LNG Ltd (LNGL) to sell its proposed Magnolia LNG project on the US Gulf Coast fell through less than two weeks after being announced, but LNGL has sold the project to a different buyer instead.

New North American liquefaction capacity in more doubt than ever

28 May 2020

Some LNG developers in the US and Canada say they are still targeting final investment decisions soon, but this seems to be increasingly in doubt.