NorthAmOil - North America Oil & Gas
Cenovus reports fourth-quarter loss on one-time charge
Canada’s Cenovus Energy has posted a net loss of CAD408mn ($320mn) for the fourth quarter of 2021, down from a profit of CAD551mn ($433mn) in the third quarter of last year and a loss of CAD153mn ($120mn) in the final quarter of 2020.
Canadian government rejects Quebec LNG project
The Canadian government has rejected GNL Québec’s Énergie Saguenay LNG project. The move follows a rejection from the provincial government of Quebec in July 2021 and could spell the project’s demise.
Canadian oil exports via Gulf Coast reach record highs
Canadian producers are reported to have exported record crude volumes from the US Gulf Coast at the end of 2021 but continue to face some pipeline capacity constraints.
TotalEnergies exits North Platte project in Gulf
France’s TotalEnergies announced on February 10 that it has decided not to sanction its North Platte project in the US Gulf of Mexico.
Crescent Point reportedly seeks to sell assets
Canadian light oil producer Crescent Point Energy is reportedly seeking to sell some of its assets in Alberta and Saskatchewan.
NorthAmOil: Crescent Point reportedly seeks to sell assets
Canadian light oil producer Crescent Point Energy is reportedly seeking to sell some of its assets in Alberta and Saskatchewan.
Cedar LNG awards FEED contract
Canada’s Cedar LNG announced this week that it had awarded a front-end engineering and design (FEED) contract to Black & Veatch and Samsung Heavy Industries for its proposed floating LNG (FLNG) project.
US on track for LNG dominance
The US is on track to be the world’s leading producer of LNG this year, with the Calcasieu Pass terminal preparing to export its first cargo.
ExxonMobil, Chevron see earnings bolstered by oil prices
ExxonMobil and Chevron reported fourth-quarter profits, bolstered by stronger oil and gas prices, but some ongoing challenges have been reflected in the results.
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