NorthAmOil Week 12
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Issue 596 26•March•2020 Week 12
Federal approval
The proposed Jordan Cove LNG facility has received federal approval, but operator Pembina still has hurdles to overcome to move the project forward.
Considering intervention
The US is considering intervening in the oil supply war between Russia and Saudi Arabia with a view to coercing the two countries into cutting output.
Scaling back spending
Leading oilfield service firms Schlumberger and Halliburton have both said they are cutting spending in response to the collapse in crude prices.
Umbilical provider
Aker Solutions has entered into a master agreement to provide umbilicals for Chevron’s operations in the US Gulf of Mexico.