NorthAmOil - North America Oil & Gas
Several more steps forward were taken by various proposed US LNG projects over the past few days as additional interest in the fuel continues to drive momentum.
The Canadian government has approved Equinor’s $12bn Bay du Nord project offshore Newfoundland and Labrador, which stands to be the country’s first remote deepwater development.
Shell is carrying out a feasibility study for what has been described as a major expansion of its LNG Canada project in Kitimat, British Columbia, amid growing demand for LNG.
US LNG producer Venture Global LNG has reportedly reached an agreement to purchase natural gas from a unit of NextEra Energy for its planned Plaquemines LNG export plant on Louisiana’s Gulf Coast.
Calgary-based Suncor Energy has said it would sell off its wind and solar assets, while focusing more on hydrogen and renewable fuels as part of its energy transition strategy.
Alberta’s government has unveiled a shortlist of six eligible bidders proposing to develop carbon capture, utilisation and storage (CCUS) hubs in the province.
Australian energy company Santos is mired in a dispute with ConocoPhillips over road access to its Pikka oil project on Alaska’s North Slope.
US shale driller Ascent Resources, which is focused on the Utica play in Ohio, is reported to be preparing for an initial public offering (IPO) in which it hopes to be given a market valuation of around $6bn.
US shale driller Ascent Resources is reported to be preparing for an initial public offering (IPO) in which it hopes to be given a market valuation of around $6bn.
Rich countries must reduce oil and gas output by 74% by 2030 and fully by 2034 in order to keep the world on track for 1.5°C and give poorer oil-reliant countries longer to replace their income from fossil fuel production.