Page 1 - NorthAmOil Week 06
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Issue 590 12•February•2020 Week 06
Cost escalation
The cost of the Trans Mountain pipeline expansion has risen two-thirds to $9.5bn following extensive delays and changes to the scope of the project.
Impairment charge
Suncor Energy has reported a wider quarterly loss compared with a year ago, with the result affected by a one-time impairment charge.
Permian push
A Royal Dutch Shell official said the company had increased its production in the Permian Basin to 250,000 barrels per day in December 2019.
Export licences
The US Department of Energy issued four licences this week covering LNG exports from proposed facilities in Texas to non-FTA countries.
