Page 1 - NorthAmOil Week 20
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Issue 604 21•May•2020 Week 20
Hard times
Much has been made of the troubles faced by Canada’s oil sands producers, but the country’s offshore industry is also struggling for survival.
Rigs down, WTI up
US rig counts have sunk to historic lows for a second consecutive week, but WTI prices avoided another crash as the June contract expired.
FID delay
NextDecade has confirmed that it will delay its final investment decision on the Rio Grande LNG project until 2021.
Trying again
Shell Canada and Pieridae Energy are set to engage in a second attempt to transfer licences after the first was blocked by the Alberta Energy Regulator.
