News
Cheniere earns $648 million profit in 2019 amid growing natural gas demand
Cheniere Energy, the nation’s largest liquified natural gas exporter, posted a $648 million profit in 2019, a 38 percent increase from the previous year, amid growing global demand for natural gas. Source: FuelFix
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‘Nail in the coffin’: Era of big oil sands mines may be over
(Bloomberg) — Canada’s oil sands industry may have already built its last big mine. The cancellation of Teck Resources Ltd.’s Frontier project in northern Alberta — which envisaged producing more crude than OPEC member Gabon...
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Exxon Drops to 15-Year Low Ahead of Annual Strategy Presentation
(Bloomberg) — Exxon Mobil Corp. fell to a 15-year low on Monday amid a broad selloff in equity and commodity markets and just over a week before Chief Executive Officer Darren Woods is scheduled to...
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Fight over Mexico's Zama oil field is holding up Premier Oil's effort sell its share
(Bloomberg) — The sale of a stake in Mexico’s giant Zama oil field promised to help Premier Oil Plc pay down debts and strengthen its balance sheet, but an ownership conflict is complicating that process....
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High court appears to back Atlantic Coast pipeline permit
(Bloomberg) — A majority of U.S. Supreme Court justices seemed supportive of a crucial permit for Dominion Energy Inc.’s planned $8 billion Atlantic Coast Pipeline, suggesting the Forest Service acted lawfully by clearing the natural-gas...
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