NorthAmOil Week 15
P. 1
Issue 599 16•April•2020 Week 15
Under pressure
Canadian producers are expected to shut in more output, even though the country has not committed to mandatory cuts to support the OPEC+ deal.
Not enough
OPEC and its allies have agreed to cut global oil production by 10% in a bid to support crude prices, but the deal does not go far enough.
Takeover collapse
A planned takeover deal for LNG Ltd has collapsed, after the buyer, LNG9, failed to secure financing for the transaction.
Making amends
Devon Energy has amended an agreement it originally struck in December 2019 to sell its assets in the Barnett shale to Banpu Kalnin Ventures.
