NorthAmOil - North America Oil & Gas
Canadian producers' struggle for survival
As high-profile bankruptcies are being reported in the US, Canadian companies are also struggling to stay afloat.
Bankruptcies highlight turnaround in shale fortunes
Chesapeake Energy’s much-anticipated bankruptcy filing has been announced, with two more shale drillers also filing for bankruptcy protection.
NRG: Trying to adapt
World oil markets have found some support over the last week, but companies are still adjusting to the new price environment.
Talos announces acquisition, borrowing base redetermination
Talos Energy has made a bolt-on acquisition of 16 assets from affiliates of Castex Energy 2005 for $65mn, and also said its borrowing base had been reduced to $985mn following its semi-annual redetermination process.
LNG buyers reportedly set to cancel 40-45 August cargoes from US
Buyers of LNG are reportedly expected to cancel 40-45 cargoes scheduled for loading at US terminals in August.
Tellurian tries to push Driftwood LNG forward after delay
Tellurian announced this week that Charif Souki had been appointed executive chairman, having been its non-executive chairman since he co-founded the company in 2016. The move has been made in a bid to push forward the proposed Driftwood LNG project.
Coastal GasLink awards contract to Aecon
Aecon has been selected by Coastal GasLink Pipeline to be the prime contractor for construction of compressor and meter stations. The announcement comes as Coastal GasLink is preparing to launch its summer construction programme.
Ranch Energy collapse leaves over 400 orphan wells
The collapse of an Alberta-based producer, Ranch Energy, has resulted in 401 wells and three other facilities in British Columbia being designated as orphan sites.
US oil producers cautiously restoring curtailed output
Oil prices have been relatively stable in recent weeks, making certain US producers feel confident enough to start restoring some of the crude output they have curtailed since March.
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