NorthAmOil - North America Oil & Gas
Fossil fuels’ future role in the spotlight
The future role of fossil fuels in a decarbonising world was being examined at the CERAWeek by IHS Markit conference this week.
Oil sands on the rebound
Rising crude-by-rail exports and a shrinking budget deficit for Alberta point to improved market conditions for the province’s oil sands, though other obstacles remain.
Jordan Cove LNG project in doubt
The future of Pembina Pipeline’s proposed Jordan Cove LNG export terminal in Oregon looks increasingly in doubt, with the firm taking a write-down on its investment in the project and saying it can no longer predict when the facility will be built.
NorthAmOil: Crude-by-rail on the rebound
Canadian crude-by-rail exports are reported to be rebounding after falling almost 40% in 2020, according to the Canada Energy Regulator (CER).
ExxonMobil unveils major downward reserves revision
Super-major ExxonMobil has revised its global oil reserves downwards, to levels never seen before in the company’s recent history.
Producers, refiners return to service after winter storm disruption
Refineries on the US Gulf Coast – particularly in Texas – have started bringing their plants back online following severe disruption caused by the winter storm last week.
Pioneer reports fourth-quarter profit
Pioneer Natural Resources posted a net profit for the fourth quarter of 2020 this week, with the result beating analyst expectations.
Occidental posts larger-than-expected loss
Occidental Petroleum has posted a larger-than-expected loss for the fourth quarter of 2020, having delayed the release of its result amid the winter storm last week.
TC Energy posts profit, eyes growth opportunities
Canada’s TC Energy says it has identified significant opportunities to grow its natural gas and power and storage businesses.
Calcasieu Pass LNG start-up could be ahead of schedule
Venture Global LNG’s Calcasieu Pass export terminal could be on course to start up ahead of schedule, based on reports that the company is offering at least 12 LNG cargoes for loading from the plant between October 2021 and December 2022.
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