Page 1 - NorthAmOil Week 18
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Issue 602 07•May•2020 Week 18
More pain, little gain
ExxonMobil has reported its first quarterly loss in 32 years, while Chevron has announced a further cut to its 2020 capex budget.
Appalachian exit
Royal Dutch Shell announced this week that it has agreed to sell its Appalachian Basin shale gas assets in Pennsylvania for $541mn.
Seeking storage
Various players in both the US and Canada are trying to offer temporary oil storage solutions as inventories continue to rise.
Last train
The third train at the Freeport LNG export terminal on the Texas Gulf Coast has entered commercial service.
