Page 1 - NorthAmOil Week 49 2022
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Issue 733            08•December•2022                      Week 49






                    ™      Raising capex


                            Canada’s leading oil producers have unveiled plans to step up capital
                            spending in 2023 as rising costs continue to pose a challenge for the industry.


                    ™      Stopping sales


                            The administration of US President Joe Biden wants to stop sales from the
                            country’s Strategic Petroleum Reserve ahead of refilling it.

                    ™      Offtake agreement


                            Sempra has announced an offtake agreement with France’s Engie for LNG
                            volumes from its proposed Port Arthur LNG facility.

                    ™      Another delay


                            The restart of Freeport LNG has again been delayed, this time until the end
                            of December from the middle of the month previously.
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