NorthAmOil Week 49
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Issue 583 11•December•2019 Week 49
Expanded licence
Chevron has been granted an expanded export licence for its proposed Kitimat LNG export project, in a boost to Canada’s nascent LNG industry.
Short-term reprieve
The decision by OPEC and its partners to extend and deepen production cuts, at least in the short term, comes as a boost to the US shale industry.
Output increase
Suncor Energy has forecast that its oil output will rise by 5% in 2020, despite uncertainty relating to mandatory production curtailments.
Marking milestones
The EPC contractors on the Freeport LNG export project in Texas, have announced two milestones on the development of the terminal.
