Page 1 - NorthAmOil Week 11
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Issue 595 19•March•2020 Week 11
Capex cuts
More and more US oil companies are rapidly cutting back capital expenditure budgets in response to the collapse in oil prices.
Below breakeven
Canada’s already battered energy industry is taking another hit as oil prices tumble to new lows.
The way forward
North Dakota’s regulators and producers are evaluating their options for how to move forward amid a further oil price drop.
Scaling back
The workforce at the LNG Canada site is being cut roughly in half as the consortium and its EPC contractor respond to the coronavirus pandemic.
