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Canada’s Cryopeak LNG Solutions has started construction on a small-scale LNG facility in Fort Nelson, British Columbia.
More capital expenditure cuts are being announced by US oil and gas companies, including some producers that are scaling back spending for a second time since oil prices collapsed in March.
Shipments of US LNG to China are resuming after Beijing has reportedly started granting tax waivers to certain importers of the super-chilled fuel.
Premier Oil will exit the Area A joint venture in which it partners with 88 Energy on Alaska’s North Slope after their Charlie-1 well encountered natural gas condensates but not the light oil that the partners were targeting.
Shale producer Whiting Petroleum has filed for bankruptcy protection in the wake of the oil price collapse, and many others are set to follow unless prices improve.
The unprecedented glut in global oil supply has tested storage capacity to the limits, driving the world’s biggest producers to negotiate a truce this year and curb their output.
Donald Trump said on April 2 that Russia and Saudi Arabia would be cutting their output, instead of continuing with a supply war that could result in hundreds of oil companies going out of business. The Kremlin denied his claim.
The Saudi-led oil glut leaves the energy transition and decarbonisation efforts hanging in the balance
US LNG producer Cheniere Energy has filed a request with federal regulators to begin service on its newly completed Midship pipeline from Oklahoma’s Anadarko Basin.
Cheniere Energy, the US’ largest producer of LNG, has made the unusual move of tendering to buy six cargoes of LNG for delivery to Europe later this year.
A federal court ordered the US government last week to conduct a full environmental review of a segment of Energy Transfer Partners’ Dakota Access pipeline.
Royal Dutch Shell has announced that it is pulling out of the proposed Lake Charles LNG project in Louisiana, in which it partners Energy Transfer on a 50:50 basis.
The government of Alberta has agreed to invest in the Keystone XL pipeline, allowing operator TC Energy to begin construction on the long-delayed project.
Construction on the planned Woodfibre LNG project in British Columbia, Canada has been delayed by a year, partly as a result of the coronavirus (COVID-19) pandemic.
Suncor Energy and Canadian Natural Resources Ltd have both announced steps in recent days that they are taking to adjust to the collapse in oil prices.
ExxonMobil has reportedly cut production at two of its refineries on the US Gulf Coast owing to weak demand.
Aker Solutions has entered into a master agreement to provide umbilicals for Chevron’s operations in the US Gulf of Mexico over a 20-year period, and will supply the super-major's Anchor project under its first work order.
Schlumberger and Halliburton – the top two leading oilfield service firms globally – have both said they are cutting spending in response to the collapse in crude prices.
US-headquartered super-major Chevron has said it is reducing its capex budget for 2020 by $4bn, or 20%.
The proposed Jordan Cove LNG facility has received its long-awaited federal regulatory approval, but operator Pembina still has a battle on its hands to ensure the project can go ahead.