NorthAmOil Week 16
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Issue 600 23•April•2020 Week 16
Crash and burn
The WTI price crash into negative territory is primarily attributed to the mechanics of futures contracts, but nonetheless heralds an oversupply crisis.
Sagging SAGD
A growing number of oil sands producers using the SAGD method are curtailing output, amid growing fears over the impact of oil price declines.
Service losses
The three leading oilfield service providers – Schlumberger, Halliburton and Baker Hughes – have all reported first-quarter losses.
Pushing back
Canada’s Pieridae Energy has decided to delay a final investment decision on its proposed Goldboro LNG terminal in Nova Scotia.
